Waukegan, IL
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    Waukegan, IL Mixed-use Properties for Sale

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    North Chicago, IL Park City, IL Gurnee, IL
    6 results
    Historic Waukegan Masonic Temple
    $2,000,000
    40,000 SF
    Historic Waukegan Masonic Temple

    220 N Sheridan Road, Waukegan, IL 60085

    Historic landmark with redevelopment potential in the heart of Waukegan.
    • Historic landmark building with approximately 40,000 square feet.
    • Ideally located on Sheridan Road with Lake Michigan views, near the Genesee Theatre, shopping, restaurants, and transportation.
    • Situated within both the TIF District and the Illinois Enterprise Zone.
    • Features multiple expansive gathering spaces and a stunning Grand Ballroom.
    • Offers endless possibilities for redevelopment, events, mixed‑use, commercial, or creative space.
    Updated: Apr 4
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    Mixed-Use Property in Waukegan, IL
    $283,975
    1,740 SF
    Mixed-Use Property in Waukegan, IL

    726 10th Street, Waukegan, IL 60085

    Mixed-use property with retail storefront and apartments in Waukegan.
    • 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.
    Updated: Sep 20, 2025
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    Restored Victorian Building in Waukegan
    $257,000
    2,064 SF
    Restored Victorian Building in Waukegan

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

    132 N West St, Waukegan, IL 60085

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    Mixed-Use Building in Waukegan
    $449,900
    0.16 Acres
    Mixed-Use Building in Waukegan

    Mixed-use building with restaurant and apartments in active commercial area.

    818 10th Street, Waukegan, IL 60085

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    Storefront and Two-Flat Building
    $460,000
    Storefront and Two-Flat Building

    Two buildings: storefront and two-flat, ample parking.

    1809 Washington Street, Waukegan, IL 60085

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    Downtown Waukegan Commercial Building For Sale
    $349,900
    3,912 SF
    Downtown Waukegan Commercial Building For Sale

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

    319 N County Street, Waukegan, IL 60085

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    Based on your search, we've compiled 43 Potential Opportunities for your consideration. Besides 6 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.

    Prime Libertyville Land Parcel
    $1,500,000
    1.50 Acres
    Prime Libertyville Land Parcel

    1.5-acre parcel on Milwaukee Avenue, ideal for development.

    1470 N Milwaukee Avenue, Libertyville, IL 60048

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    Mixed-Use Trophy Asset in Libertyville
    $6,995,000
    16,621 SF
    Mixed-Use Trophy Asset in Libertyville

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

    545 North Milwaukee Avenue, Libertyville, IL 60048

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    Highland Park Mixed-Use Development Site
    $1,600,000
    0.83 Acres
    Highland Park Mixed-Use Development Site

    36,438 SF mixed-use development site near downtown Highwood, IL.

    417-429 Temple Avenue, Highland Park, IL 60035

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    Mixed-Use Development Site Opportunity
    $1,600,000
    0.84 Acres
    Mixed-Use Development Site Opportunity

    36,438 SF mixed-use development site near downtown Highwood, IL.

    417-429 Temple Avenue, Highland Park, IL 60035

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    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
    $559,000
    1.49 Acres
    Waukegan Land Development Opportunity

    Prime vacant land for commercial development in Waukegan, Illinois.

    1213 Grand Avenue, Waukegan, IL 60085

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    Prime Downtown Libertyville Lot
    Contact for pricing
    Prime Downtown Libertyville Lot

    Rare opportunity to own a lot in downtown Libertyville.

    121 West Church Street, Libertyville, IL 60048

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    Mundelein, IL Commercial Land
    $286,000
    0.43 Acres
    Mundelein, IL Commercial Land

    Commercial land available in Mundelein, Illinois.

    331 Plaza Circle lot: 4, Mundelein, IL 60060

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    Commercial Land in Antioch, Illinois
    $209,900
    1.98 Acres
    Commercial Land in Antioch, Illinois

    Commercial property suitable for multi-unit housing development.

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

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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)
    1,162 SF Lot: 0.10 Acres
    Value Estimation by Request

    1014 Washington St, Waukegan, IL 60085-5429

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    2414 Grand Ave
    OFFICE/RESIDENTIAL (MIXED USE)
    1,920 SF Lot: 0.16 Acres
    Value Estimation by Request

    2414 Grand Ave, Waukegan, IL 60085-3300

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    36104 Grn Bay Rd
    OFFICE/RESIDENTIAL (MIXED USE)
    1,053 SF Lot: 0.47 Acres
    Value Estimation by Request

    36104 Grn Bay Rd, Waukegan, IL 60087-4278

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    3007 Central Ave
    OFFICE/RESIDENTIAL (MIXED USE)
    720 SF Lot: 0.88 Acres
    Estimated value
    $515,000

    3007 Central Ave, Waukegan, IL 60085-4809

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    4200 Hickory Hls Dr
    OFFICE/RESIDENTIAL (MIXED USE)
    980 SF Lot: 0.12 Acres
    Estimated value
    $11,100,000

    4200 Hickory Hls Dr, Waukegan, IL 60087-1812

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    2101 Williamsburg Dr
    OFFICE/RESIDENTIAL (MIXED USE)
    3,520 SF Lot: 0.21 Acres
    Estimated value
    $1,040,000

    2101 Williamsburg Dr, Waukegan, IL 60085-9016

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    1529 Mcaree Rd
    OFFICE/RESIDENTIAL (MIXED USE)
    4,056 SF Lot: 1.34 Acres
    Estimated value
    $1,055,000

    1529 Mcaree Rd, Waukegan, IL 60085

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    420 Clayton St
    OFFICE/RESIDENTIAL (MIXED USE)
    2,434 SF Lot: 0.12 Acres
    Value Estimation by Request

    420 Clayton St, Waukegan, IL 60085-4216

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    418 Clayton St
    OFFICE/RESIDENTIAL (MIXED USE)
    1,760 SF Lot: 0.08 Acres
    Value Estimation by Request

    418 Clayton St, Waukegan, IL 60085-4216

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    1715 Washington St
    OFFICE/RESIDENTIAL (MIXED USE)
    1,277 SF Lot: 0.16 Acres
    Value Estimation by Request

    1715 Washington St, Waukegan, IL 60085-5133

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    1051 Grn Bay Rd
    OFFICE/RESIDENTIAL (MIXED USE)
    768 SF Lot: 0.17 Acres
    Value Estimation by Request

    1051 Grn Bay Rd, Waukegan, IL 60085-2242

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    925 Berwick Blvd
    OFFICE/RESIDENTIAL (MIXED USE)
    5,584 SF Lot: 0.27 Acres
    Estimated value
    $540,000

    925 Berwick Blvd, Waukegan, IL 60085-2569

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    208  St
    OFFICE/RESIDENTIAL (MIXED USE)
    3,102 SF Lot: 0.15 Acres
    Value Estimation by Request

    208 St, Waukegan, IL 60085-4255

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    10 Philippa Ave
    OFFICE/RESIDENTIAL (MIXED USE)
    2,611 SF Lot: 0.06 Acres
    Value Estimation by Request

    10 Philippa Ave, Waukegan, IL 60085-0817

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    2040 Lewis Ave
    OFFICE/RESIDENTIAL (MIXED USE)
    1,256 SF Lot: 0.47 Acres
    Value Estimation by Request

    2040 Lewis Ave, Waukegan, IL 60087-4722

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    128  St
    OFFICE/RESIDENTIAL (MIXED USE)
    2,400 SF Lot: 0.19 Acres
    Value Estimation by Request

    128 St, Waukegan, IL 60085-4330

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    1039 Mcaree Rd
    OFFICE/RESIDENTIAL (MIXED USE)
    1,071 SF Lot: 0.58 Acres
    Value Estimation by Request

    1039 Mcaree Rd, Waukegan, IL 60085-2500

    View details
    901 Martin Luther King Jr Ave
    OFFICE/RESIDENTIAL (MIXED USE)
    1,348 SF Lot: 0.13 Acres
    Value Estimation by Request

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

    View details

    Waukegan, IL Mixed-Use Properties Investment Opportunities Market Analysis

    Explore 35 mixed-use properties for sale in Waukegan, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 47,716 square feet of properties for sale, with an estimated market value of $2,890,875.

    Sale prices for multi use buildings in Waukegan, IL start at $257,000, averaging $722,718, 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

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    Property Size Breakdown

    The majority of commercial real estate listings in Waukegan fall within the 100,000+ square foot range.

    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 median listing prices of real estate assets

    Neighborhood Average Price
    60085 $633.5K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

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