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    Waukegan, IL Mixed-use Properties for Sale

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    Historic Religious Facility With Ballroom
    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
    View details
    Brick Mixed-Use Property
    Updated: Jun 21
    Brick Mixed-Use Property

    574 S Mcalister Avenue, Waukegan, IL 60085

    Contact for pricing
    0.55 AC lot
    Approximately 14,001 square feet of building area
    0.55‑acre site with an approximately 24,002‑square‑foot parcel
    Brick construction with a 1900 construction date
    Institutional building configuration suited to adaptive reuse planning
    Located at 574 S Mcalister Avenue in Waukegan, IL 60085
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    Mixed-Use Brick Building
    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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    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
    Brick Mixed-Use Building
    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.

    View details
    Religious Facility with Grand Ballroom
    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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    Historic Mixed-Use Building
    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Restored Victorian Building in Waukegan
    Restored Victorian Building in Waukegan

    132 N West St, Waukegan, IL 60085

    Contact for pricing
    2,064 sqft

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

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    Three-Story Mixed-Use Building
    Three-Story Mixed-Use Building

    38 North Genesee Street, Waukegan, IL 60085

    Contact for pricing
    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
    Three-Story Mixed-Use Property

    11 N Genesee St, Waukegan, IL 60085

    Contact for pricing
    8,120 sqft

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

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    Based on your search, we've compiled 46 Potential Opportunities for your consideration. Besides 9 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 29 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building with Apartment
    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.

    View details
    Mixed-Use Trophy Asset in Libertyville
    Mixed-Use Trophy Asset in Libertyville

    545 North Milwaukee Avenue, Libertyville, IL 60048

    Contact for pricing
    16,621 sqft

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

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    Mixed-Use Building with Apartment
    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.

    View details
    Mixed-Use Building with Mezzanine
    Mixed-Use Building with Mezzanine

    401 E Park Ave, Libertyville, IL 60048

    Contact for pricing

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

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Street Frontage
    Commercial Land with Street Frontage

    1213 Grand Avenue, Waukegan, IL 60085

    $559,000

    Vacant commercial parcel with B-2 and B-3 zoning at a signalized intersection near retail, transit, and established neighborhoods.

    View details
    Prime Downtown Libertyville Lot
    Prime Downtown Libertyville Lot

    121 W Church St Unit 2, Libertyville, IL 60048

    $1,500,000
    4,500 sqft

    Rare opportunity to own a lot in downtown Libertyville.

    View details
    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    770 Anita Avenue lot: 5,6, Antioch, IL 60002

    $209,900
    1.98 AC lot

    Commercial parcel positioned beside an industrial park and an area transitioning toward multifamily housing.

    View details
    Corner Commercial Land
    Corner Commercial Land

    21 Hillside Drive, Fox Lake, IL 60020

    $299,900
    2.10 AC lot

    Level commercial land with existing curb cuts and water and sewer available to the site.

    View details

    Off-Market Properties in Waukegan, IL

    Consider similar Off-Market properties in Waukegan, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1014 Washington St
    OFFICE/RESIDENTIAL (MIXED USE)

    1014 Washington St, Waukegan, IL 60085-5429

    $125,000
    Estimated value
    1,162 sqft 0.10 AC lot
    View details
    2414 Grand Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    2414 Grand Ave, Waukegan, IL 60085-3300

    $110,000
    Estimated value
    1,920 sqft 0.16 AC lot
    View details
    36104 Grn Bay Rd
    OFFICE/RESIDENTIAL (MIXED USE)

    36104 Grn Bay Rd, Waukegan, IL 60087-4278

    $280,000
    Estimated value
    1,053 sqft 0.47 AC lot
    View details
    3007 Central Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    3007 Central Ave, Waukegan, IL 60085-4809

    $515,000
    Estimated value
    720 sqft 0.88 AC lot
    View details
    4200 Hickory Hls Dr
    OFFICE/RESIDENTIAL (MIXED USE)

    4200 Hickory Hls Dr, Waukegan, IL 60087-1812

    $11,100,000
    Estimated value
    980 sqft 0.12 AC lot
    View details
    2101 Williamsburg Dr
    OFFICE/RESIDENTIAL (MIXED USE)

    2101 Williamsburg Dr, Waukegan, IL 60085-9016

    $1,040,000
    Estimated value
    3,520 sqft 0.21 AC lot
    View details
    1529 Mcaree Rd
    OFFICE/RESIDENTIAL (MIXED USE)

    1529 Mcaree Rd, Waukegan, IL 60085

    $1,095,000
    Estimated value
    4,056 sqft 1.34 AC lot
    View details
    420 Clayton St
    OFFICE/RESIDENTIAL (MIXED USE)

    420 Clayton St, Waukegan, IL 60085-4216

    $205,000
    Estimated value
    2,434 sqft 0.12 AC lot
    View details
    418 Clayton St
    OFFICE/RESIDENTIAL (MIXED USE)

    418 Clayton St, Waukegan, IL 60085-4216

    $230,000
    Estimated value
    1,760 sqft 0.08 AC lot
    View details
    1715 Washington St
    OFFICE/RESIDENTIAL (MIXED USE)

    1715 Washington St, Waukegan, IL 60085-5133

    $165,000
    Estimated value
    1,277 sqft 0.16 AC lot
    View details
    1051 Grn Bay Rd
    OFFICE/RESIDENTIAL (MIXED USE)

    1051 Grn Bay Rd, Waukegan, IL 60085-2242

    $275,000
    Estimated value
    768 sqft 0.17 AC lot
    View details
    925 Berwick Blvd
    OFFICE/RESIDENTIAL (MIXED USE)

    925 Berwick Blvd, Waukegan, IL 60085-2569

    $540,000
    Estimated value
    5,584 sqft 0.27 AC lot
    View details
    208 St
    OFFICE/RESIDENTIAL (MIXED USE)

    208 St, Waukegan, IL 60085-4255

    $245,000
    Estimated value
    3,102 sqft 0.15 AC lot
    View details
    10 Philippa Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    10 Philippa Ave, Waukegan, IL 60085-0817

    $305,000
    Estimated value
    2,611 sqft 0.06 AC lot
    View details
    2040 Lewis Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    2040 Lewis Ave, Waukegan, IL 60087-4722

    $310,000
    Estimated value
    1,256 sqft 0.47 AC lot
    View details

    Waukegan, IL Mixed-Use Properties Market Trends and Statistics

    Explore 38 mixed-use properties for sale in Waukegan, IL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 47,290 square feet of properties for sale, with an estimated market value of $4,899,800.

    Sale prices for multi use buildings in Waukegan, IL start at $449,900, averaging $1,224,950, and reaching up to $2,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Live-work space 1

    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 $1.2M

    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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