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Waukegan, IL Land for Sale

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Commercial Development Land
Updated: Sep 17
Commercial Development Land

207 Pigeon Avenue, Waukegan, IL 60085

$450,000
1.52 AC lot
1.52‑acre commercial land parcel
2,520‑square‑foot outbuilding with a second floor
Existing small home on the property
Utilities to site
Natural gas available
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Signalized Corner Commercial Land
Updated: Mar 4, 2025
Signalized Corner Commercial Land

1730 W Beach Road, Waukegan, IL 60087

$152,900
1.41 AC lot
1.41‑acre commercial land parcel
Northeast corner of Lewis Avenue and Beach Road
Signalized intersection location
Municipal water and sewer in the rights‑of‑way of both streets
Located in far north Waukegan near the Beach Park area
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Commercial Land with Street Frontage
Commercial Land with Street Frontage

1213 Grand Avenue, Waukegan, IL 60085

$559,000

Vacant commercial parcel with B-2 and B-3 zoning at a signalized intersection near retail, transit, and established neighborhoods.

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See hot listings in Waukegan

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Mixed-Use Property with Redevelopment Potential
Mixed-Use Property with Redevelopment Potential

535 S Sheridan Rd, Waukegan, IL 60085

$529,900
29,798 sqft

Retail, office, and warehouse components occupy a mixed-use commercial property positioned within an Illinois Enterprise Zone.

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Land Lot with Partial Lake View
Land Lot with Partial Lake View

312 Oak Street, Waukegan, IL 60085

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0.16 AC lot

Buildable lot with partial Lake Michigan views and updated surveyed dimensions near the lakefront and downtown.

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Residential Lot in Waukegan, IL
Residential Lot in Waukegan, IL

909 Highland Avenue, Waukegan, IL 60085

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0.16 AC lot

Prime residential lot ready for building in established subdivision.

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Land, Waukegan, IL
Land, Waukegan, IL

12329 W Warner Street, Waukegan, IL 60087

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0.26 AC lot

Land · 0.26 Acres

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Commercial Land Parcel with Visibility
Commercial Land Parcel with Visibility

1465 North Green Bay Road, Waukegan, IL 60085

$685,000
5.12 AC lot

Flat, usable commercial land parcel with strong visibility along Green Bay Road in Waukegan.

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Land, Waukegan, IL
Land, Waukegan, IL

Kellogg Avenue, Waukegan, IL 60087

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0.17 AC lot

Land · 0.17 Acres

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Land, Waukegan, IL
Land, Waukegan, IL

12352 W Atlantic Avenue, Waukegan, IL 60085

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0.37 AC lot

Land · 0.37 Acres

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Industrial Development Land at Hard Corner
Industrial Development Land at Hard Corner

3305 Delany Rd, Waukegan, IL 60087

$750,000
1.78 AC lot

Unimproved I-1 zoned land on a prominent hard corner, adjacent to Oak Grove Business Park, for industrial and redevelopment uses.

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Residential Land in Waukegan, IL
Residential Land in Waukegan, IL

2810 W Atlantic Avenue lot: 2, Waukegan, IL 60085

$35,000
0.23 AC lot

Residential land available in Waukegan, Illinois.

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Residential Land in Waukegan, IL
Residential Land in Waukegan, IL

2946 W Country Club Avenue, Waukegan, IL 60087

$39,000
0.58 AC lot

Residential land available for building a new home.

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Commercial Land on Belvidere Road
Commercial Land on Belvidere Road

3027 Belvidere Rd, Waukegan, IL 60085

$300,000
1.70 AC lot

1.7-acre commercial land with high visibility on Belvidere Road.

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B3 Commercial Corner Land
B3 Commercial Corner Land

207 Pigeon Avenue, Waukegan, IL 60085

$450,000

B3-zoned corner parcel with utilities at the site and an existing outbuilding for commercial redevelopment.

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Multi-Lot Residential Land Offering
Multi-Lot Residential Land Offering

12923 West Wadsworth Road, Waukegan, IL 60087

$49,900
7.34 AC lot

Three adjacent lots total 7.34 acres with 270 feet of frontage on Wadsworth Road.

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Waukegan Development Opportunity
Waukegan Development Opportunity

200 N Green Bay Rd, Waukegan, IL 60085

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5.69 AC lot

5.69-acre site for retail, multifamily, or mixed-use development.

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Land Near Lake Michigan
Land Near Lake Michigan

312 Oak Street, Waukegan, IL 60085

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0.16 AC lot

Commercial land with partial lake view, close to downtown.

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Industrial Land with Building Concept
Industrial Land with Building Concept

2430 West Wadsworth Road, Waukegan, IL 60087

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3.62 AC lot

3.62-acre industrial site with conceptual plans for a contractors’/maintenance building and a gravel storage area.

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Residential Lot in Prime Location
Residential Lot in Prime Location

909 Highland Avenue, Waukegan, IL 60085

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0.16 AC lot

Ready-to-build residential lot in established Waukegan subdivision.

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Residential Lot in Established Neighborhood
Residential Lot in Established Neighborhood

2810 W Atlantic Ave, Waukegan, IL 60085

$35,000
0.23 AC lot

Residential lot suitable for building a dream home.

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Commercial Land
Commercial Land

1146 Greenfield Ave, Waukegan, IL 60085

$35,000

A vacant, commercially zoned parcel with grassy open ground and mature trees along portions of the site.

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Land Available Near I-94
Land Available Near I-94

601 Lakehurst Road, Waukegan, IL 60085

$6,495,000

Land for sale near I-94 and Belvidere Rd Exit.

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Entitled Residential Development Site
Entitled Residential Development Site

2200 N Delany Rd, Waukegan, IL 60087

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22.73 AC lot

Rezoned to R6 and supported by the City for a 364-unit residential development with mass-grading permits approved.

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Waukegan, IL Land Market Trends and Statistics

Explore 72 land for sale in Waukegan, IL, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 4,603,162 square feet of properties for sale, with an estimated market value of $11,292,850.

Sale prices for lots in Waukegan, IL start at $30,000, averaging $564,642, and reaching up to $6,495,000 — 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

Residential land & home lots 17
Commercial land 15
Industrial land 4

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
60087 $117.9K
60085 $461.7K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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