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    818 10Th St Waukegan, IL 60085

    Under Contract
    For Sale
    $449,900

    Restaurant - Waukegan, IL

    Property size:
    4,538 SF
    Days on Market:
    143
    Last Refresh:
    Dec 5 at 11:06 pm

    Property Features for 818 10Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    08283230180000
    Size
    4,538 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Number of units
    4
    Architectural style
    Other

    NetGar Investments Inc. (847) 263-8100 [email protected]

    Listing agent Porfirio Garcia (847) 263-8100 License #471005245

    Listing date Jul 16, 2025

    MLS# 12387936 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 Restaurant Ready for Business

    This restaurant property, located in Waukegan, Illinois, offers 4538 square feet of space. The property is zoned COMMR and is ready for a new business owner. Previously operated as a Mexican restaurant, the space is fully functional and equipped for immediate use. The restaurant is also available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joyeria Y Discoteca ... Jewelry Store

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.84161
    Latitude
    42.3415039

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    FAQs

    What type of property is this?
    Restaurant - Fully functional restaurant available for sale in Waukegan, Illinois.
    Where is this restaurant located?
    The property is located at 818 10Th St Waukegan, IL.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: - Fully functional and ready to go restaurant.; - Equipped for immediate operation.; - Previously operated as a Mexican Restaurant.
    (847) 263-8100
    Request Owner's contact information
    818 10Th St Waukegan, IL 60085
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    Waukegan, IL 60085
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    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
    818 10Th St Waukegan, IL 60085
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