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    Waukegan, IL Mixed-use Properties for Sale

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    Restored Victorian Building in Waukegan
    Updated: Feb 12
    Restored Victorian Building in Waukegan

    132 N West St, Waukegan, IL 60085

    $239,000
    2,064 sqft
    Restored Victorian building, ideal for office or live/work.
    Prime downtown Waukegan location, near municipal buildings, courthouse, restaurants, and entertainment.
    Close to Metra station and Lake Michigan.
    Main floor: Three large rooms, kitchenette, full bath, and powder room.
    Second floor features three large rooms, one smaller room, and a half bath.
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    This listing looks promising.

    Here's a quick look at some key insights for

    132 N West St, Waukegan, IL 60085

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    • Est. Cap Rate

      8.9%
      Above avg (5.9%)

    • Est. NOI

      $21K
      Annual

    • Price @ 7% Cap

      $305K
      Above asking
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    Mixed-Use Brick Corner Building
    Updated: Sep 20, 2025
    Mixed-Use Brick Corner Building

    726 10th Street, Waukegan, IL 60085

    $283,975
    0.08 AC lot
    Mixed‑use property with retail storefront and residential apartments provides immediate income potential.
    High‑traffic corner lot location in a business district offers excellent visibility and customer access.
    Retail storefront is suitable for various businesses.
    Solid brick construction ensures durability and low maintenance.
    Includes a 2‑car attached garage and full basement for ample storage.
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    Mixed-Use Brick Restaurant Building
    Mixed-Use Brick Restaurant Building

    818 10th Street, Waukegan, IL 60085

    $449,900
    0.16 AC lot

    Brick mixed-use building with a first-floor Mexican restaurant and two apartments on the second floor.

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    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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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Downtown Waukegan Commercial Building For Sale
    Downtown Waukegan Commercial Building For Sale

    319 N County Street, Waukegan, IL 60085

    $349,900
    3,912 sqft

    Commercial building in downtown Waukegan, ideal for investors or businesses.

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    Based on your search, we've compiled 42 Potential Opportunities for your consideration. Besides 5 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.

    Cedar View Plaza Office Building
    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.

    View details
    Mixed-Use Property in Kenosha, WI
    Mixed-Use Property in Kenosha, WI

    6103 23rd Ave, Kenosha, WI 53143

    $495,000
    1,976 sqft 0.16 AC lot

    Mixed-use property with salon and apartment plus adjacent lot.

    View details
    Cedar View Plaza Office Building
    Cedar View Plaza Office Building

    95 W Grand Ave, Lake Villa, IL 60046

    $779,000
    15,300 sqft 1.00 AC lot

    Professional office building with warehouse, ample parking, and conversion potential.

    View details
    Mixed-Use Properties Package For Sale
    Mixed-Use Properties Package For Sale

    6017 22nd Ave, Kenosha, WI 53143

    $550,000
    6,779 sqft 0.18 AC lot

    Two adjacent properties: commercial building and duplex, sold as package.

    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.

    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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    Prime Downtown Libertyville Lot
    Prime Downtown Libertyville Lot

    121 West Church Street, Libertyville, IL 60048

    Contact for pricing

    Rare opportunity to own a lot in downtown Libertyville.

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    Mundelein, IL Commercial Land
    Mundelein, IL Commercial Land

    331 Plaza Circle lot: 4, Mundelein, IL 60060

    $286,000
    0.43 AC lot

    Commercial land available in Mundelein, Illinois.

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    Commercial Land in Antioch, Illinois
    Commercial Land in Antioch, Illinois

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

    $209,900
    1.98 AC lot

    Commercial property suitable for multi-unit housing development.

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    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

    Value Estimation by Request
    1,162 sqft 0.10 AC lot
    View details
    2414 Grand Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    2414 Grand Ave, Waukegan, IL 60085-3300

    Value Estimation by Request
    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

    Value Estimation by Request
    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

    $1,055,000
    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

    Value Estimation by Request
    2,434 sqft 0.12 AC lot
    View details
    418 Clayton St
    OFFICE/RESIDENTIAL (MIXED USE)

    418 Clayton St, Waukegan, IL 60085-4216

    Value Estimation by Request
    1,760 sqft 0.08 AC lot
    View details
    1715 Washington St
    OFFICE/RESIDENTIAL (MIXED USE)

    1715 Washington St, Waukegan, IL 60085-5133

    Value Estimation by Request
    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

    Value Estimation by Request
    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

    Value Estimation by Request
    3,102 sqft 0.15 AC lot
    View details
    10 Philippa Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    10 Philippa Ave, Waukegan, IL 60085-0817

    Value Estimation by Request
    2,611 sqft 0.06 AC lot
    View details
    2040 Lewis Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    2040 Lewis Ave, Waukegan, IL 60087-4722

    Value Estimation by Request
    1,256 sqft 0.47 AC lot
    View details
    128 St
    OFFICE/RESIDENTIAL (MIXED USE)

    128 St, Waukegan, IL 60085-4330

    Value Estimation by Request
    2,400 sqft 0.19 AC lot
    View details
    1039 Mcaree Rd
    OFFICE/RESIDENTIAL (MIXED USE)

    1039 Mcaree Rd, Waukegan, IL 60085-2500

    Value Estimation by Request
    1,071 sqft 0.58 AC lot
    View details
    901 Martin Luther King Jr Ave
    OFFICE/RESIDENTIAL (MIXED USE)

    901 Martin Luther King Jr Ave, Waukegan, IL 60085-7510

    Value Estimation by Request
    1,348 sqft 0.13 AC lot
    View details
    2717 Delany Rd
    MIXED USE (COMMERCIAL/INDUSTRIAL)

    2717 Delany Rd, Waukegan, IL 60087

    $1,385,000
    Estimated value
    8,778 sqft 1.80 AC lot
    View details

    Waukegan, IL Mixed-Use Properties Market Trends and Statistics

    Explore 34 mixed-use properties for sale in Waukegan, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 9,976 square feet of properties for sale, with an estimated market value of $1,187,900.

    Sale prices for multi use buildings in Waukegan, IL start at $239,000, averaging $395,966, and reaching up to $599,000 — 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 $633.5K

    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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