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    Waukegan, IL

    Waukegan, IL Commercial Real Estate for Sale

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    Warehouse with Office Build-Out
    Updated: Aug 7, 2025
    Warehouse with Office Build-Out

    3720 Hawthorne Court, Waukegan, IL 60087

    $850,000
    8,800 sqft
    Approximately 8,800 SF combined warehouse and office space
    Front office includes four private offices, a conference room, shared open workspaces, kitchen, and break area
    Warehouse has 14‑foot ceilings for storage or vertical operations
    Loading access includes 1 dock with an overhead door plus 3 additional overhead garage doors
    Office and warehouse are connected for an efficient work flow
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    This listing looks promising.

    Here's a quick look at some key insights for

    3720 Hawthorne Court, Waukegan, IL 60087

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Mortgage

      $294K
      Feb 2018

    • Last Sold

      Mar 2021
      $437K

    • Property Type

      Industrial (General)
      Built 1980
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    Commercial Property in Waukegan, IL
    Updated: Feb 5
    Commercial Property in Waukegan, IL

    1400 Sunset Avenue, Waukegan, IL 60087

    $1,100,000
    0.57 AC lot
    Brick, concrete, and block construction materials
    Central air conditioning
    Membrane roof
    Year built: 1960
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    Waukegan Commercial Property for Sale
    Waukegan Commercial Property for Sale

    403 Grand Avenue, Waukegan, IL 60085

    $450,000
    0.14 AC lot

    Commercial property available in Waukegan, Illinois.

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    Historic Masonic Temple
    Historic Masonic Temple

    220 N Sheridan Road, Waukegan, IL 60085

    $2,000,000
    0.24 AC lot

    Historic building with multiple gathering spaces and a grand ballroom, for sale at 220 N Sheridan Road.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Building with Retail
    Mixed-Use Building with Retail

    2614 Grand Avenue, Waukegan, IL 60085

    $599,000
    4,000 sqft 0.50 AC lot

    Mixed-use building on a half-acre lot with a ground-floor commercial unit and two residential units above.

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    Three-Story Office Building Suites
    Three-Story Office Building Suites

    5 S County Street, Waukegan, IL 60085

    $469,975
    0.04 AC lot

    Three-story brick office building with an elevator and six suites, each featuring reception, lobby/sitting room, and two offices.

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    Brick Religious Facility with Parking
    Brick Religious Facility with Parking

    2126 10th Street, Waukegan, IL 60085

    $469,000
    0.39 AC lot

    Beautifully maintained brick church building with ample parking and a sanctuary seating over 100 attendees.

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    Waukegan Brick Building with Parking
    Waukegan Brick Building with Parking

    2126 10th Street, Waukegan, IL 60085

    $469,000
    0.39 AC lot

    Well-maintained building with sanctuary, family center, and ample parking.

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    Waukegan Office Building For Sale
    Waukegan Office Building For Sale

    1400 Sunset Ave, Waukegan, IL 60087

    $1,100,000
    11,784 sqft 0.57 AC lot

    Stabilized, fully occupied office property with long-term tenants and durable construction.

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    Church with Second-Floor Office
    Church with Second-Floor Office

    800 CHESTNUT Street, Waukegan, IL 60085

    $350,000
    0.23 AC lot

    Religious facility with 75-seat sanctuary, second-floor office, basement kitchen, and a large classroom outbuilding.

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    Waukegan Office Building For Sale
    Waukegan Office Building For Sale

    222 N County Street, Waukegan, IL 60085

    $750,000
    0.19 AC lot

    Well-maintained office building in prime location, ideal for investors.

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    Established Restaurant with Slot Machines
    Established Restaurant with Slot Machines

    1401 Golf Rd, Waukegan, IL

    $799,000
    7,804 sqft 0.88 AC lot

    Waukegan restaurant, real estate, and slot machines for sale.

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    Prime Corner Development Site Available
    Prime Corner Development Site Available

    Brookside Avenue, Waukegan, IL 60085

    $700,000
    1.52 AC lot

    High-visibility 1.52-acre corner lot ideal for various commercial uses.

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    Waukegan Land Development Opportunity
    Waukegan Land Development Opportunity

    1213 Grand Avenue, Waukegan, IL 60085

    $559,000
    1.49 AC lot

    Prime vacant land for commercial development in Waukegan, Illinois.

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    89,000 SF Warehouse with Offices
    89,000 SF Warehouse with Offices

    651 S Martin Luther King Jr Avenue, Waukegan, IL 60085

    $1,900,000
    89,000 sqft

    Versatile warehouse with ample parking and office space for sale.

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    Commercial Building at Signalized Corner
    Commercial Building at Signalized Corner

    1200 N Green Bay Road, Waukegan, IL 60085

    $499,900
    0.31 AC lot

    Freestanding commercial building suited for retail or office use.

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    Waukegan Land Bundle For Sale
    Waukegan Land Bundle For Sale

    1504 W Glen Flora Avenue, Waukegan, IL 60085

    $499,999
    11.76 AC lot

    Three parcels of land totaling 11.76 acres in Waukegan, IL.

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    Retail Building at Signalized Intersection
    Retail Building at Signalized Intersection

    790 S Northpoint Blvd, Waukegan, IL 60085

    $3,235,294
    5,222 sqft 2.00 AC lot

    Retail property for sale on a 2+ acre lot at a signalized intersection.

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    Historic Institutional Building
    Historic Institutional Building

    574 S Mcalister Avenue, Waukegan, IL 60085

    Contact for pricing
    0.55 AC lot

    Built in 1900, this institutional property offers substantial interior area and a sizeable lot for flexible redevelopment uses.

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    Waukegan Land For Sale
    Waukegan Land For Sale

    1730 W Beach Road, Waukegan, IL 60087

    $152,900
    1.41 AC lot

    1.41 acre corner lot ready for development in Waukegan.

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    Waukegan Warehouse with Flexible Workspace
    Waukegan Warehouse with Flexible Workspace

    651 S Martin Luther King Dr, Waukegan, IL

    $1,999,000
    86,000 sqft 2.06 AC lot

    86,000 SF warehouse suitable for distribution, manufacturing, or storage.

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    Turnkey Salon & Barber Suite
    Turnkey Salon & Barber Suite

    2052 Western Avenue, Waukegan, IL 60087

    Contact for pricing

    Turnkey storefront with open layout, styling stations, shampoo area, reception, restroom, and modern flooring.

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    Industrial Development Land at Hard Corner
    Industrial Development Land at Hard Corner

    3305 Delany Road, Waukegan, IL 60087

    $750,000
    77,536 sqft 1.78 AC lot

    Unimproved I-1 zoned land on a prominent hard corner, adjacent to Oak Grove Business Park, for industrial and redevelopment uses.

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    Commercial Lot in Waukegan, IL
    Commercial Lot in Waukegan, IL

    603 N Austin Avenue, Waukegan, IL 60085

    $199,900

    Fenced commercial lot near major intersections, suitable for parking/development.

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    Waukegan, IL Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Waukegan, IL, showcased through 61 active listings on our real estate platform. These investment opportunities span a total of 313,152 square feet of properties for sale, with an estimated market value of $12,290,194.

    Sale prices for business properties in Waukegan, IL start at $239,000, averaging $1,117,290, and reaching up to $3,235,294 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 100K
    Population Growth (5Y) +2.8%
    Median Household Income $68,390
    College Educated 16.7%

    High-Yield Neighborhoods for Investment

    Identify Waukegan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60085 $691.2K
    60087 $842K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Waukegan fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Waukegan, IL

    • 60085
    • 60087

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