Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    509 May St Waukegan, IL 60085

    Picture of Auto shops at May St 509, Waukegan, IL
    For Sale
    $175,000

    Business Opportunity - Waukegan, IL

    Property size:
    3,600 SF
    Days on Market:
    15
    Last Refresh:
    Dec 15 at 12:06 am

    Property Features for 509 May St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    08283110900000
    Size
    3,600 SF

    Building Details

    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Lance McBride (847) 495-5000 License #475199227

    Listing date Dec 1, 2025

    MLS# 12423121 Listing URL

    Copyright © 2025 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.

    Overview

    Waukegan Commercial Building with Potential

    This commercial building, formerly a mechanic and body shop, offers potential due to zoning changes. The main level features an open shop floor suitable for multiple vehicles and workstations, along with a paint booth. A dedicated office space is located on the main floor, with an upstairs area available for storage or future expansion. The property, situated in Waukegan, Illinois, includes a lot that is fully fenced, providing storage and parking space. Located in a high-visibility area with easy access, the 3,600-square-foot property is suitable for automotive or other commercial uses. The property is located in Lake County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lopez Auto Services Mechanic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    North Chicago Import Autos Inc, TLC Auto Center, Cheny Auto Service, Cheny auto repair, Wiseway Fleet Inc

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8368812
    Latitude
    42.3461296

    Nearby Similar for Sale

    • $349,900
      3,912 SF

      Downtown Waukegan Commercial Building For Sale

      B-5 commercial building in downtown Waukegan, ideal for various businesses.
      319 N County St, Waukegan, IL 60085
      View Details
    • New
      $250,000
      Pending

      Waukegan Two-Unit Residential Property

      Spacious two-unit property with income potential in Waukegan, Illinois.
      610 Bluff St, Waukegan, IL 60085
      View Details
    • New
      $309,900

      Waukegan Residential Income Opportunity

      Two-unit property with spacious units and garage on corner lot.
      1525 North Ave, Waukegan, IL 60085
      View Details
    • $750,000
      10,894 SF

      Waukegan Office Building For Sale

      Well-maintained office building in prime location, ideal for investors.
      222 N County St, Waukegan, IL 60085
      View Details
    • $250,000
      1,600 SF

      Updated Office with Ample Parking

      Updated office building with full basement and ample parking.
      927 W Glen Flora Ave, Waukegan, IL 60085
      View Details
    • $283,975
      3,840 SF

      Waukegan Mixed-Use Investment Opportunity

      Mixed-use property with retail storefront and apartments in Waukegan.
      726 10Th St, Waukegan, IL 60085
      View Details

    FAQs

    What type of property is this?
    Auto shop - Versatile commercial building with ample space and high visibility.
    Where is this auto shop located?
    The property is located at 509 May St Waukegan, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - High-visibility location with easy access.; - Spacious, open shop floor with ample room for multiple vehicles and workstations.; - Existing paint booth ready for use.
    (847) 495-5000
    Request Owner's contact information
    509 May St Waukegan, IL 60085
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    509 May St
    Waukegan, IL 60085
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    509 May St Waukegan, IL 60085
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.