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Mixed-Use Property with Redevelopment Potential
New
For Sale
$529,900

535 S Sheridan Rd, Waukegan, IL 60085

Retail, office, and warehouse components occupy a mixed-use commercial property positioned within an Illinois Enterprise Zone.

Property Size29,798 SF
Price / SF$17.78
Days on Market2

Property Features for 535 S Sheridan Rd

General Information

Standard status Active
Size 29,798 SF

Building Details

Year Built 1930
Listing Agency: Callahan Blandings & Schaper
Listed By: Nicholas Nicketakis · License #471016615
Source: Tumpanelegacy
Added: Sep 14 Last Checked: Sep 14 at 2:18PM

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 Callahan Blandings & Schaper

Investment Insights

Based on property information with market context.

This mixed-use commercial property contains 29,798 square feet of retail, office, and warehouse space on 1.9 acres. Built in 1930, the existing improvements are identified as ready for redevelopment, providing a basis for evaluating future repositioning or reuse.

The property is located at 535 S Sheridan Rd in Waukegan, at the intersection of Sheridan Road, South Genesee Street, and the Amstutz Expressway. Reported traffic volume is 17,000 vehicles per day. The site is within a City TIF District and an Illinois Enterprise Zone, adding important public-program and land-use context for redevelopment planning.

Key Highlights

  • 29,798 square feet of retail, office, and warehouse space
  • 1.9‑acre mixed‑use commercial site
  • Located at Sheridan Road, South Genesee Street, and the Amstutz Expressway

Property Analytics

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Current Use

North Shore Printers ... Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Pharmacy Auto Parts Store Skin Care Clinic

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

780
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail, office, and warehouse components occupy a mixed-use commercial property positioned within an Illinois Enterprise Zone.
Where is this mixed-use property located?
The property is located at 535 S Sheridan Rd Waukegan, IL.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 29,798 square feet of retail, office, and warehouse space; 1.9‑acre mixed‑use commercial site; Located at Sheridan Road, South Genesee Street, and the Amstutz Expressway
More about this property
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