574 S Mcalister Avenue, Waukegan, IL 60085

Constructed in 1900, this historic institutional building sits on a prominent 0.55-acre site and contains approximately 14,001 square feet. The property is designed with an expansive floor plan and substantial footprint, creating flexibility for a range of adaptive reuse or owner-occupant concepts. The package also includes approximately 24,002 square feet of land area, which may support parking, outdoor amenities, gathering spaces, recreational uses, or future site enhancements, subject to municipal approval.

The property is positioned within an established Waukegan neighborhood and is described as having convenient access to major transportation routes, along with nearby residential communities, local businesses, and public services. Its central accessibility is intended to support use cases that benefit from a stable neighborhood presence.

Given the building’s scale and character, this offering may be a fit for entrepreneurs, developers, educational organizations, religious institutions, non-profits, community groups, investors, and owner-occupants looking to shape a long-term project around a distinctive, repurposable facility. Prospective buyers should conduct independent due diligence regarding zoning, permitted uses, development possibilities, and future plans for the property.