Lake County, IL Mixed-use properties for sale

Updated: Aug 6

Mixed-Use Property with Bar

35480 N Fairfield Road, Round Lake, IL 60073

$699,999

0.36 AC lot

Operating bar with pool tables and video gaming
Separate 2‑bedroom apartment with rental income
Walk‑in refrigeration and bar fixtures included
0.3589‑acre lot on a busy corner
COMMR zoning

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Updated: Apr 4

Historic Religious Facility With Ballroom

220 N Sheridan Road, Waukegan, IL 60085

$2,000,000

0.24 AC lot

Approximately 40,000 square feet in a 1923 concrete building
Grand Ballroom, reception spaces, and multiple expansive gathering areas
Historic Masonic Temple at 220 N Sheridan Road, Waukegan, IL 60085
Views of Lake Michigan with proximity to the Genesee Theatre, shopping, restaurants, and transportation
Situated within the TIF District and Illinois Enterprise Zone

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Mixed-Use Building on Highway

21 S US Highway 12, Fox Lake, IL 60020

$399,900

0.34 AC lot

The property combines two main-level commercial spaces with residential areas and basement storage.

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See what stands out in Lake County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Mixed-Use Building with Apartment

33125 N Us Highway 45, Grayslake, IL 60030

$495,900

5,066 sqft

Main-level commercial suites are paired with an upper-level residential unit and on-site parking.

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Brick Mixed-Use Property

574 S Mcalister Avenue, Waukegan, IL 60085

Contact for pricing

0.55 AC lot

A substantial brick institutional building offers adaptable space for redevelopment or owner-occupant conversion.

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Mixed-Use Building with Apartment

33125 N US Highway 45, Grayslake, IL 60030

$495,900

0.29 AC lot

Brick commercial property combines multiple main-level storefronts with an upper-level apartment and on-site customer parking.

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Mixed-Use Brick Building

818 10th Street, Waukegan, IL 60085

$449,900

0.16 AC lot

Two-level property combines a Mexican restaurant with two upstairs apartments and additional commercial space.

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Brick Mixed-Use Building

818 10th St, Waukegan, IL 60085

$449,900

4,538 sqft

Two upper-level apartments accompany a first-floor Mexican restaurant and additional commercial area.

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Cedar View Plaza Office Building

95 W Grand Avenue, Lake Villa, IL 60046

$779,000

15,280 sqft 1.13 AC lot

Professional office building with warehouse and ample parking near Metra.

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Religious Facility with Grand Ballroom

220 North Sheridan Road, Waukegan, IL 60085

$2,000,000

10,567 sqft

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

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24-Unit Mixed-Use Building

2671 Sheridan Road, Zion, IL 60099

$3,050,000

14,000 sqft

Mixed-use property with individually metered units, central HVAC, and on-site laundry.

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Mixed-Use Restaurant and Bar

211 W Grass Lake Rd, Lake Villa, IL 60046

Contact for pricing

16,988 sqft

A recently remodeled apartment above the restaurant offers additional occupancy or rental use.

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Two-Story Mixed-Use Retail Office

225 E Deerpath Road, Lake Forest, IL 60045

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47,863 sqft

Two-story mixed-use building with retail and office space at a downtown street-corner location.

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Historic Mixed-Use Building

574 S Mcalister Ave, Waukegan, IL 60085

Contact for pricing

14,001 sqft 0.55 AC lot

Institutional building offers a substantial footprint for redevelopment or adaptive reuse, subject to municipal approval.

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Bar With Two-Bedroom Apartment

35480 N Fairfield Road, Round Lake, IL 60073

$699,000

Equipped commercial bar with pool tables, video gaming, walk-in refrigeration, and an apartment.

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Four-Unit Mixed-Use Building

406-408 N Milwaukee Avenue, Libertyville, IL 60048

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6,800 sqft

Fully leased commercial property combines ground-floor retail with second-level office suites and a full basement.

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Restored Victorian Building in Waukegan

132 N West St, Waukegan, IL 60085

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2,064 sqft

Restored Victorian building suitable for office or live/work space.

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Mixed-Use Trophy Asset in Libertyville

545 North Milwaukee Avenue, Libertyville, IL 60048

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16,621 sqft

Premier mixed-use property in Libertyville's vibrant Downtown Core.

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Mixed-Use Property with Restaurant

1116-1122 North Diamond Lake Road, Mundelein, IL 60060

$1,450,000

Includes an operating restaurant, leased convenience store, and two residential units with supporting site improvements.

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Three-Story Mixed-Use Building

38 North Genesee Street, Waukegan, IL 60085

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8,000 sqft

Main-floor food business occupies an upgraded storefront in downtown Waukegan’s central business area.

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Three-Story Mixed-Use Property

11 N Genesee St, Waukegan, IL 60085

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8,120 sqft

Updated brick building combines an operating restaurant with residential units and multiple tenant spaces.

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Mixed-Use Property with Storefront

205 South Main Street, Wauconda, IL 60084

$349,900

Includes a commercial storefront, residential apartment, detached garage, and private parking in a downtown setting.

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Mixed-Use Building with Mezzanine

401 E Park Ave, Libertyville, IL 60048

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Bright, move-in-ready commercial space with an open layout, parking, and C zoning.

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Two-Story Mixed-Use Property

146 W Dundee Rd, Buffalo Grove, IL 60089

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The building combines a first-floor salon and spa with multiple second-floor office spaces.

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Lake County, IL Mixed-Use Properties Market Trends and Statistics

Explore 72 mixed-use properties for sale in Lake County, IL, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 179,036 square feet of properties for sale, with an estimated market value of $13,319,399.

Sale prices for multi use buildings in Lake County, IL start at $349,900, averaging $1,024,569, and reaching up to $3,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Featured Lake County Real Estate Agencies

Realmo connects you with licensed Lake County CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

NetGar Investments Inc.

3563 Grand Ave. Gurnee, IL 60031

Phone: 18472638100

netgarrealty.com

Helen Oliveri Real Estate

101 W Gilmer Rd. Hoffman Estates, IL 60047

Phone: 18479670022

www.helenoliveri.com

Re/Max Advisors

895 E. Grand Avenue Lake Villa, IL 60046

Phone: 18474318054