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Historic Religious Facility With Ballroom
For Sale
$2,000,000

220 N Sheridan Road, Waukegan, IL 60085

Commercial Sale, Waukegan, IL

Property Size40,000 SF
Lot Size0.24 Acres
Price / SF$50
Days on Market142

Property Features for 220 N Sheridan Road

General Information

Property type Commercial Sale
Property subtype Other
Directions Grand & Sheridan Rd. South to Property (on West side of street)
Subdivision Park City / Waukegan
Standard status Active
APN 08212210060000
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 27313

Amenities

Grand Ballroom
reception areas

Building Details

Year built 1923
Floors in Building 3
Flooring type Varies, Wood, Marble
Building materials Concrete
Listing Agency: RE/MAX Plaza · RE/MAX International
Listed By: Gregory Klemstein · License #475116618
Added: Apr 4 Changed: Aug 20 Last Checked: Aug 23 at 1:06PM
MLS# 12610188

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1923, this historic Masonic Temple provides approximately 40,000 square feet within a substantial concrete structure. Interior features include several large gathering areas, a Grand Ballroom, and reception spaces, with wood, marble, and varied flooring throughout. The property offers a distinctive setting for religious, event, commercial, mixed-use, or creative applications supported by the existing configuration.

Located at 220 N Sheridan Road in Waukegan, the building has views of Lake Michigan and sits near the Genesee Theatre, shopping, restaurants, and transportation. The property is within both the TIF District and the Illinois Enterprise Zone, adding relevant public-program designations for evaluation by prospective owners and developers.

Key Highlights

  • Approximately 40,000 square feet in a 1923 concrete building
  • Grand Ballroom, reception spaces, and multiple expansive gathering areas
  • Historic Masonic Temple at 220 N Sheridan Road, Waukegan, IL 60085

Property Analytics

Current Use

Waukegan Masonic Temple ... Tour Operator

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Electrical Service Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,068
Businesses Nearby

Demographics for 60085, IL

71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Church & religious facility - 1923 building with multiple assembly areas and varied wood, marble, and other flooring.
Where is this church & religious facility located?
The property is located at 220 N Sheridan Road Waukegan, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 40,000 square feet in a 1923 concrete building; Grand Ballroom, reception spaces, and multiple expansive gathering areas; Historic Masonic Temple at 220 N Sheridan Road, Waukegan, IL 60085
More about this property
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