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Religious Facility with Grand Ballroom
For Sale
$2,000,000

220 N Sheridan Road, Waukegan, IL 60085

A landmark-style property with expansive assembly areas, reception spaces, and a Grand Ballroom for varied commercial use.

Property Size40,000 SF
Price / SF$50
Days on Market159

Property Features for 220 N Sheridan Road

General Information

Standard status Active
Size 40,000 SF
Property subtype Commercial

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $27,313

Amenities

multiple expansive gathering spaces
Grand Ballroom
reception areas

Building Details

Building Size 40,000 SF
Year Built 1923
Buildings 1
Stories 3
Listing Agency: RE/MAX Plaza
Listed By: Gregory Klemstein · License #475116618
Source: Perillorealestategroup
Added: Apr 4 Changed: Sep 8 Last Checked: Sep 7 at 12:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Plaza

Investment Insights

Based on property information with market context.

The Waukegan Masonic Temple is a substantial religious-facility asset constructed in 1923. Its interior includes several large gathering areas, reception spaces, and a Grand Ballroom, providing a range of existing assembly and event-oriented improvements. The property is approximately 40,000 square feet and is identified for potential events, mixed-use, commercial, or creative-space applications.

Located on North Sheridan Road, the building has views of Lake Michigan and sits near the Genesee Theatre, shopping, restaurants, and transportation. The property is within both a TIF District and the Illinois Enterprise Zone. Zoning is listed as OTHER.

Key Highlights

  • Approximately 40,000 square feet
  • Constructed in 1923
  • Grand Ballroom with multiple expansive gathering spaces

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
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Frequently Asked Questions

What type of property is this?
Church & religious facility - A landmark-style property with expansive assembly areas, reception spaces, and a Grand Ballroom for varied commercial use.
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; Constructed in 1923; Grand Ballroom with multiple expansive gathering spaces
More about this property
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