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

    1520 Mcaree Rd Waukegan, IL 60085

    Sponsored
    For Sale
    $850,000

    Spacious Church Building, 2.5 Acres, Ample Parking

    Property size:
    13,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 1520 N Mcaree Road in Waukegan, Illinois, presents a unique investment opportunity. The substantial 13,800 square foot building sits on a generous 2.58-acre lot, providing ample space and parking. Currently configured as a church, the property is in excellent condition and ready for immediate occupancy. The main level features a sanctuary with seating for approximately 200, a large foyer, and a sizable meeting room with an adjacent kitchen. Several offices and classrooms are also located on this level. The lower level boasts a spacious fellowship hall, a commercial kitchen, and additional restrooms. The property includes a total of six bathrooms

    Property Features for 1520 Mcaree Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    13,800 SF
    Lot Size
    112,385 SF

    Building Details

    Year Built
    1967
    Property Profile Location Intelligence

    Current Use by Public Records

    St John's United ... Church Eagles Martial Arts ... Martial Arts School

    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
    -87.86607
    Latitude
    42.38143

    Nearby Similar for Sale

    • $349,900
      0.18 Acres

      Waukegan Commercial Building For Sale

      Commercial building in downtown Waukegan, near transportation and business district.
      319 N County St, Waukegan, IL 60085
      View Details
    • New
      $260,000
      0.17 Acres

      Waukegan Two-Unit Property For Sale

      Well-maintained two-unit property with a detached two-car garage.
      920 Adams St, Waukegan, IL 60085
      View Details
    • $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
      0.19 Acres

      Waukegan Office Building For Sale

      Well-maintained office building in prime location, ideal for investors.
      222 N County St, Waukegan, IL 60085
      View Details
    • New
      $260,000
      0.12 Acres

      Waukegan Two-Unit Income Property

      Two-unit building with income potential in Waukegan, Illinois.
      832 Lenox Ave, Waukegan, IL 60085
      View Details
    • New
      $379,900

      Renovated Duplex in Quiet Neighborhood

      Vacant, renovated duplex with finished basement and large yard.
      2504 9Th Pkwy, Waukegan, IL 60085
      View Details
    • New
      $239,900
      0.11 Acres

      Two Homes on One Lot

      Unique investment opportunity with two homes on one lot.
      515 May St, Waukegan, IL 60085
      View Details
    • $250,000
      0.08 Acres

      Updated Office with Ample Parking

      B2-zoned office space with full basement and parking.
      927 W Glen Flora Ave, Waukegan, IL 60085
      View Details
    • $475,000
      0.03 Acres

      Waukegan Commercial Building For Sale

      Commercial building in Waukegan, currently a salon and office.
      34 N Genesee St, Waukegan, IL 60085
      View Details
    • $283,975
      0.08 Acres

      Mixed-Use Property in Business District

      Mixed-use property with retail storefront and apartments in Waukegan.
      726 10Th St, Waukegan, IL 60085
      View Details
    • $529,000
      0.31 Acres

      Commercial Building at Signalized Corner

      Freestanding commercial building suited for retail or office use.
      1200 N Green Bay Rd, Waukegan, IL 60085
      View Details
    • $325,000

      Waukegan Residential Income Property

      Well-maintained two-unit residential income property in Waukegan, Illinois.
      600 Sunderlin St, Waukegan, IL 60085
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Spacious Church Building, 2.5 Acres, Ample Parking
    Where is this commercial real estate located?
    The property is located at 1520 Mcaree Rd Waukegan, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    (630) 936-0515
    Request Owner's contact information
    1520 Mcaree Rd 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.
    1520 Mcaree Rd
    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
    1520 Mcaree Rd 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.