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Restaurant Land Lease
New
For Sale
$725,000
Pending

1400 N Lewis Avenue, Waukegan, IL 60085

Business Opportunity, Waukegan, IL

Property SizeContact for details
Lot Size0.55 Acres
Days on Market3

Property Features for 1400 N Lewis Avenue

General Information

Property type Commercial Sale
Property subtype Other
Directions Glen Flora and Lewis North on Lewis to address (KFC)
Subdivision Park City / Waukegan
Standard status Pending
APN 08171000340000
Lot size 0.55 Acres

Taxes and HOA fees

Tax Year 2025

Utilities

Cooling system Central Air

Building Details

Floors in Building 1
Listing Agency: Century 21 Circle · Century 21 Real Estate
Listed By: Elizabeth Scheffler · License #471008934
Added: Oct 8 Changed: Oct 9 Last Checked: Oct 10 at 2:06PM
MLS# 12782199

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.

A 0.551-acre parcel at 1400 N Lewis Avenue in Waukegan is offered through a land lease. The property information identifies the site with a KFC location.

Key Highlights

  • 0.551‑acre site
  • Land lease offering at 1400 N Lewis Avenue, Waukegan

Property Analytics

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Current Use

KFC Restaurant Checks Cashed Check Cashing

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic HVAC Service Garden Center Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

337
Businesses Nearby
204k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Apparel 33% Groceries 31% Shops & Services 17% Dining 16%
Tony's Fresh Market Groceries
41,210 visits/mo 0.3 miles
Ross Dress for Less Apparel
28,227 visits/mo 0.2 miles
Burlington Apparel
25,705 visits/mo 0.2 miles
Aldi Groceries
21,232 visits/mo 0.2 miles
dd's DISCOUNTS Shops & Services
14,707 visits/mo 0.2 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - The 0.551-acre site is located on North Lewis Avenue in Waukegan.
Where is this conventional restaurant located?
The property is located at 1400 N Lewis Avenue Waukegan, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 0.551‑acre site; Land lease offering at 1400 N Lewis Avenue, Waukegan
More about this property
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