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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
    View Property Analytics
    Commercial Property in Waukegan, IL
    Updated: Feb 5
    Commercial Property in Waukegan, IL

    1400 Sunset Avenue, Waukegan, IL 60087

    $1,100,000
    0.57 AC lot
    Brick, concrete, and block construction materials
    Central air conditioning
    Membrane roof
    Year built: 1960
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    Waukegan Commercial Property for Sale
    Waukegan Commercial Property for Sale

    403 Grand Avenue, Waukegan, IL 60085

    $450,000
    0.14 AC lot

    Commercial property available in Waukegan, Illinois.

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    Three-Story Office Building Suites
    Three-Story Office Building Suites

    5 S County Street, Waukegan, IL 60085

    $469,975
    0.04 AC lot

    Three-story brick office building with an elevator and six suites, each featuring reception, lobby/sitting room, and two offices.

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

    1400 Sunset Ave, Waukegan, IL 60087

    $1,100,000
    11,784 sqft 0.57 AC lot

    Stabilized, fully occupied office property with long-term tenants and durable construction.

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    Waukegan Office Building For Sale
    Waukegan Office Building For Sale

    222 N County Street, Waukegan, IL 60085

    $750,000
    0.19 AC lot

    Well-maintained office building in prime location, ideal for investors.

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    Prime Corner Development Site Available
    Prime Corner Development Site Available

    Brookside Avenue, Waukegan, IL 60085

    $700,000
    1.52 AC lot

    High-visibility 1.52-acre corner lot ideal for various commercial uses.

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    Commercial Building at Signalized Corner
    Commercial Building at Signalized Corner

    1200 N Green Bay Road, Waukegan, IL 60085

    $499,900
    0.31 AC lot

    Freestanding commercial building suited for retail or office use.

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    89,000 SF Warehouse with Offices
    89,000 SF Warehouse with Offices

    651 S Martin Luther King Jr Avenue, Waukegan, IL 60085

    $1,900,000
    89,000 sqft

    Versatile warehouse with ample parking and office space for sale.

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    Waukegan Commercial Building For Sale
    Waukegan Commercial Building For Sale

    319 N County Street, Waukegan, IL 60085

    $349,900
    0.18 AC lot

    B-5 commercial building in downtown Waukegan, ideal for investors.

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    Warehouse with Office Build-Out
    Warehouse with Office Build-Out

    3720 Hawthorne Court, Waukegan, IL 60087

    $850,000
    8,800 sqft

    Combined warehouse and office layout with 14-foot ceilings and multiple overhead doors for flexible loading and operations.

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    Well-Located Multi-Unit Industrial Flex
    Well-Located Multi-Unit Industrial Flex

    4059-4081 Joseph Drive, Waukegan, IL 60087

    Contact for pricing
    1.42 AC lot

    Seven-unit industrial flex property on a 1.42-acre site, 100% leased and well maintained.

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    Church with Office and Classroom Outbuilding
    Church with Office and Classroom Outbuilding

    800 Chestnut Street, Waukegan, IL 60085

    $350,000

    Religious facility with main seating for 75, plus a second-floor office, kitchen, and updated bathrooms.

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    Warehouse with Office and Docks
    Warehouse with Office and Docks

    405 Oakwood Ave, Waukegan, IL 60085

    Contact for pricing
    47,760 sqft

    Warehouse totals 47,760 SF with 2,736 SF office, 3 interior docks, and 50-car fenced parking.

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    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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    Waukegan Office Property For Sale
    Waukegan Office Property For Sale

    208 N West Street, Waukegan, IL 60085

    $259,900

    Office property near Lake County courthouse and downtown Waukegan.

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    Leased Office and Event Space
    Leased Office and Event Space

    814 Washington Street, Waukegan, IL 60085

    $250,000

    Fully leased office suites and event space with parking lot.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 17 Active Listings in Waukegan, IL, we suggest to view alternatives - similar 55 Off-Market properties to explore as potential leads.

    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

    Value Estimation by Request
    3,410 sqft 0.30 AC lot
    View details
    2504 Washington St
    OFFICE BUILDING

    2504 Washington St, Waukegan, IL 60085-4983

    $1,675,000
    Estimated value
    46,753 sqft 0.70 AC lot
    View details
    311 Genesee St
    OFFICE BUILDING

    311 Genesee St, Waukegan, IL 60085-4205

    Value Estimation by Request
    3,904 sqft 0.18 AC lot
    View details
    1309 Jackson St
    OFFICE BUILDING

    1309 Jackson St, Waukegan, IL 60085-1858

    Value Estimation by Request
    1,413 sqft 0.11 AC lot
    View details
    1000 Nn Ave
    OFFICE BUILDING

    1000 Nn Ave, Waukegan, IL 60085-2938

    Value Estimation by Request
    2,478 sqft 0.17 AC lot
    View details
    222 Washington St
    OFFICE BUILDING

    222 Washington St, Waukegan, IL 60085-5618

    Value Estimation by Request
    5,632 sqft 0.03 AC lot
    View details
    220 Washington St
    OFFICE BUILDING

    220 Washington St, Waukegan, IL 60085-5618

    Value Estimation by Request
    5,632 sqft 0.03 AC lot
    View details

    Waukegan, IL Office Spaces Market Trends and Statistics

    Explore 72 office spaces for sale in Waukegan, IL, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 163,320 square feet of properties for sale, with an estimated market value of $9,618,575.

    Sale prices for office spaces in Waukegan, IL start at $239,000, averaging $641,238, and reaching up to $1,900,000 — 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 26
    Office buildings 11
    Medical Office Space 4
    Coworking space 1
    Creative 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 $661.7K
    60087 $1.2M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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    Most Searched ZIP Codes in Waukegan, IL

    • 60085
    • 60087

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