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    Waukegan, IL Office Buildings for Sale

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    Single-Story Office Building
    Updated: Feb 5
    Single-Story Office Building

    1400 Sunset Avenue, Waukegan, IL 60087

    $1,100,000
    0.57 AC lot
    10,839 SF one‑story office building with 5 units
    100% occupied with long‑term tenancy
    Brick and concrete block construction; built in 1960
    945 SF attached four‑car garage and unfinished basement
    34 on‑site parking spaces
    View details
    Three-Story Office Building with Elevator
    Updated: Jan 24
    Three-Story Office Building with Elevator

    5 S County Street, Waukegan, IL 60085

    $429,975
    0.04 AC lot
    Six office suites, with two suites located on each of the three levels
    3‑story brick construction completed in 1950
    Elevator serves all three levels
    Each suite includes reception space, a lobby or sitting area, and 2 offices
    Finished basement includes a 24 X 20 library, storage room, and utility room
    View details
    Renovated Multi-Unit Office Building
    Renovated Multi-Unit Office Building

    222 N County Street, Waukegan, IL 60085

    $750,000
    0.19 AC lot

    Brick construction, central air, and separate East and West office layouts support flexible occupancy.

    View details
    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
    Three-Story Office Building with Elevator
    Three-Story Office Building with Elevator

    5 S County St, Waukegan, IL 60085

    $429,975
    4,689 sqft

    Brick office property with six suites, elevator access, and a finished basement.

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    Freestanding Office Building with Signage
    Freestanding Office Building with Signage

    1200 N Green Bay Road, Waukegan, IL 60085

    $499,900
    0.31 AC lot

    Multiple private rooms and a conference room support a flexible commercial layout.

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    Two-Unit Office Building
    Two-Unit Office Building

    319 N County Street, Waukegan, IL 60085

    $349,900
    0.18 AC lot

    Brick commercial property with separate floor-by-floor suites, private decks, conference rooms, and full basement storage.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Medical Office Space with Central Air
    Medical Office Space with Central Air

    1113 W Greenwood Ave, Waukegan, IL 60087

    $429,000
    6,720 sqft

    The interior includes central air conditioning for year-round comfort.

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    Two-Story Office Building
    Two-Story Office Building

    25 N county Street, Waukegan, IL 60085

    Contact for pricing
    10,034 sqft

    Updated shared areas, an elevator, and flexible occupancy support a professional office environment.

    View details
    Based on your search, we've compiled 78 Potential Opportunities for your consideration. Besides 8 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads, plus 2 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.

    Office-Warehouse with Overhead Door
    Office-Warehouse with Overhead Door

    Libertyville, IL 60048

    Contact for pricing
    2,622 sqft

    Freshly built-out office-warehouse includes office improvements and a 1020 overhead loading door.

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    High-End Freestanding Office Building
    High-End Freestanding Office Building

    1125 N Delany Road, Gurnee, IL 60031

    $942,500
    4,180 sqft 0.30 AC lot

    Class A office building in Gurnee, Illinois for sale.

    View details
    Brick Industrial Office Building
    Brick Industrial Office Building

    1680 N Delany Rd, Gurnee, IL 60031

    Contact for pricing
    5,547 sqft

    All-brick office building with updated roof, HVAC, and 400-amp power, zoned I-2 general industrial.

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    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.

    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.

    Office Building
    Office Building

    7314 Hancock Drive, Wonder Lake, IL 60097

    $300,000
    0.35 AC lot

    The office property has its own city water and sewer service and may be purchased separately from the adjoining parcel.

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    Triangular Corner Commercial Land
    Triangular Corner Commercial Land

    Huntley Road lot: 009, Carpentersville, IL 60110

    $550,000
    2.41 AC lot

    Raw commercial parcel positioned near the Randall Road corridor and across from an elementary school.

    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.

    814 Washington St
    OFFICE BUILDING

    814 Washington St, Waukegan, IL 60085-5425

    Estimated value:
    $305,000
    3,410 sqft 0.30 AC lot
    View details
    2504 Washington St
    OFFICE BUILDING

    2504 Washington St, Waukegan, IL 60085-4983

    Estimated value:
    $760,000
    46,753 sqft 0.70 AC lot
    View details
    311 Genesee St
    OFFICE BUILDING

    311 Genesee St, Waukegan, IL 60085-4205

    Estimated value:
    $255,000
    3,904 sqft 0.18 AC lot
    View details
    1309 Jackson St
    OFFICE BUILDING

    1309 Jackson St, Waukegan, IL 60085-1858

    Estimated value:
    $130,000
    1,413 sqft 0.11 AC lot
    View details
    1000 Nn Ave
    OFFICE BUILDING

    1000 Nn Ave, Waukegan, IL 60085-2938

    Estimated value:
    $200,000
    2,478 sqft 0.17 AC lot
    View details
    222 Washington St
    OFFICE BUILDING

    222 Washington St, Waukegan, IL 60085-5618

    Estimated value:
    $185,000
    5,632 sqft 0.03 AC lot
    View details
    220 Washington St
    OFFICE BUILDING

    220 Washington St, Waukegan, IL 60085-5618

    Estimated value:
    $300,000
    5,632 sqft 0.03 AC lot
    View details
    1321 Grand Ave
    OFFICE BUILDING

    1321 Grand Ave, Waukegan, IL 60085-3717

    Estimated value:
    $110,000
    1,293 sqft 0.14 AC lot
    View details
    1212 Belvidere Rd
    OFFICE BUILDING

    1212 Belvidere Rd, Waukegan, IL 60085-6204

    Estimated value:
    $750,000
    5,685 sqft 0.84 AC lot
    View details
    609 Greenwood Ave
    OFFICE BUILDING

    609 Greenwood Ave, Waukegan, IL 60087-5000

    Estimated value:
    $350,000
    6,996 sqft 0.40 AC lot
    View details
    16 St
    OFFICE BUILDING

    16 St, Waukegan, IL 60085-8110

    Estimated value:
    $280,000
    8,156 sqft 0.25 AC lot
    View details
    1105 Greenwood Ave
    OFFICE BUILDING

    1105 Greenwood Ave, Waukegan, IL 60087-4908

    Estimated value:
    $245,000
    3,400 sqft 0.07 AC lot
    View details
    818 Washington St
    OFFICE BUILDING

    818 Washington St, Waukegan, IL 60085-5425

    Estimated value:
    $80,000
    3,837 sqft 0.22 AC lot
    View details
    207 Martin Luther King Jr Ave
    OFFICE BUILDING

    207 Martin Luther King Jr Ave, Waukegan, IL 60085-4235

    Estimated value:
    $260,000
    3,034 sqft 0.10 AC lot
    View details
    211 Martin Luther King Jr Ave
    OFFICE BUILDING

    211 Martin Luther King Jr Ave, Waukegan, IL 60085-4235

    Estimated value:
    $260,000
    2,800 sqft 0.12 AC lot
    View details
    1411 White Oak Dr
    OFFICE BUILDING

    1411 White Oak Dr, Waukegan, IL 60085-8302

    Estimated value:
    $1,200,000
    9,442 sqft 1.16 AC lot
    View details

    Waukegan, IL Office Buildings Market Trends and Statistics

    Explore 72 office buildings for sale in Waukegan, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 21,443 square feet of properties for sale, with an estimated market value of $3,988,750.

    Sale prices for office properties in Waukegan, IL start at $349,900, averaging $569,821, and reaching up to $1,100,000 — 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

    Office Units 17
    Office buildings 9
    Creative space 1
    Medical Office 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 $492K
    60087 $764.5K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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