Mixed-Use

Waukegan, IL Mixed-use Properties for Sale

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North Chicago, IL Park City, IL Gurnee, IL Chicago, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL
6 properties
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
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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 hot listings in Waukegan

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. 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.

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Mixed-Use Property with Redevelopment Potential
Mixed-Use Property with Redevelopment Potential

535 S Sheridan Rd, Waukegan, IL 60085

$529,900
29,798 sqft

Retail, office, and warehouse components occupy a mixed-use commercial property positioned within an Illinois Enterprise Zone.

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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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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
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.

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.

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Cedar View Plaza Office Building
Cedar View Plaza Office Building

95 W Grand Ave, Lake Villa, IL 60046

$779,000
15,302 sqft 1.00 AC lot

Professional office building with warehouse and ample parking near Metra.

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Mixed-Use Restaurant and Bar
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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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

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.

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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.

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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.

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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.

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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

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

2414 Grand Ave, Waukegan, IL 60085-3300

Estimated value:
$110,000
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

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

3007 Central Ave, Waukegan, IL 60085-4809

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

4200 Hickory Hls Dr, Waukegan, IL 60087-1812

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

2101 Williamsburg Dr, Waukegan, IL 60085-9016

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

1529 Mcaree Rd, Waukegan, IL 60085

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

420 Clayton St, Waukegan, IL 60085-4216

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

418 Clayton St, Waukegan, IL 60085-4216

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

1715 Washington St, Waukegan, IL 60085-5133

Estimated value:
$165,000
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

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

925 Berwick Blvd, Waukegan, IL 60085-2569

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

208 St, Waukegan, IL 60085-4255

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

10 Philippa Ave, Waukegan, IL 60085-0817

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

2040 Lewis Ave, Waukegan, IL 60087-4722

Estimated value:
$310,000
1,256 sqft 0.47 AC lot
View details
128  St
OFFICE/RESIDENTIAL (MIXED USE)

128 St, Waukegan, IL 60085-4330

Estimated value:
$300,000
2,400 sqft 0.19 AC lot
View details
1039 Mcaree Rd
OFFICE/RESIDENTIAL (MIXED USE)

1039 Mcaree Rd, Waukegan, IL 60085-2500

Estimated value:
$320,000
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

Estimated value:
$295,000
1,348 sqft 0.13 AC lot
View details

Waukegan, IL Mixed-Use Properties Market Trends and Statistics

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 48,337 square feet of properties for sale, with an estimated market value of $3,429,700.

Sale prices for multi use buildings in Waukegan, IL start at $449,900, averaging $857,425, 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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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 $857.4K

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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