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    Waukegan, IL
    Conventional Restaurant

    Waukegan, IL Conventional Restaurants for Sale

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    North Chicago, IL Park City, IL Gurnee, IL Chicago, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL
    6 properties
    Breakfast & Diner with Gaming Parlor
    Updated: Aug 20
    Breakfast & Diner with Gaming Parlor

    1451 Golf Road, Waukegan, IL 60085

    $549,000
    0.65 AC lot
    3,902‑square‑foot restaurant building
    Business, real estate, and equipment included
    Video gaming parlor operates into the late evening
    Full basement for equipment and cooler storage
    0.6457‑acre property at a stoplight intersection
    View details
    Operating Restaurant Building
    Updated: Feb 25
    Operating Restaurant Building

    1508 Washington Street, Waukegan, IL 60085

    $349,000
    0.11 AC lot
    Currently leased and operating restaurant property
    0.1148‑acre parcel at 1508 Washington Street, Waukegan, IL 60085
    Block construction
    Central Air cooling
    Rubber roof
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    Mixed-Use Brick Building
    Mixed-Use Brick Building

    818 10th Street, Waukegan, IL 60085

    $449,900
    0.16 AC lot

    Two-level property combines a Mexican restaurant with two upstairs apartments and additional commercial space.

    View details
    See what stands out in Lake County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    Breakfast & Diner Property
    Breakfast & Diner Property

    1451 Golf Rd, Waukegan, IL 60085

    $549,000
    3,902 sqft

    Operating restaurant property with equipment, real estate, and a video gaming parlor.

    View details
    Brick Mixed-Use Building
    Brick Mixed-Use Building

    818 10th St, Waukegan, IL 60085

    $449,900
    4,538 sqft

    Two upper-level apartments accompany a first-floor Mexican restaurant and additional commercial area.

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    Operating Restaurant Building
    Operating Restaurant Building

    1508 Washington Street, Waukegan, IL 60085

    Contact for pricing

    Currently leased restaurant property on Washington Street in Waukegan, Illinois.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 6 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Restaurant and Bar
    Mixed-Use Restaurant and Bar

    211 W Grass Lake Rd, Lake Villa, IL 60046

    Contact for pricing
    16,988 sqft

    A recently remodeled apartment above the restaurant offers additional occupancy or rental use.

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    Mixed-Use Property with Restaurant
    Mixed-Use Property with Restaurant

    1116-1122 North Diamond Lake Road, Mundelein, IL 60060

    $1,450,000

    Includes an operating restaurant, leased convenience store, and two residential units with supporting site improvements.

    View details
    Bar and Pub with Upstairs Apartment
    Bar and Pub with Upstairs Apartment

    211 W Grass Lake Road, Lake Villa, IL 60046

    Contact for pricing

    The property combines a full-service kitchen, dining areas, and an upstairs apartment.

    View details
    Brewery Restaurant with Patio
    Brewery Restaurant with Patio

    169 N Seymour Ave, Mundelein, IL 60060

    Contact for pricing
    8,198 sqft

    Fully built-out brewery and restaurant with indoor dining, private events, and outdoor patio service.

    View details

    Waukegan, IL Conventional Restaurants Market Trends and Statistics

    Explore 6 conventional restaurants for sale in Waukegan, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 8,440 square feet of properties for sale, with an estimated market value of $2,346,800.

    Sale prices for conventional restaurants in Waukegan, IL start at $349,000, averaging $469,360, and reaching up to $549,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 6
    Drive through restaurants 4
    Breakfast & diners 3
    Bars & Pubs 1
    Coffee shops 1

    Demographics Overview

    Population 100K
    Population Growth (5Y) +2.8%
    Median Household Income $68,390
    College Educated 16.7%

    High-Yield Neighborhoods for Investment

    Identify Waukegan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60085 $469.4K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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