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    Waukegan, IL
    Office Units

    Waukegan, IL Office Units for Sale

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    North Chicago, IL Park City, IL Gurnee, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL Lake Forest, IL
    11 properties
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    Warehouse with Office Build-Out
    Updated: Aug 7, 2025
    Warehouse with Office Build-Out

    3720 Hawthorne Court, Waukegan, IL 60087

    $850,000
    8,800 sqft
    Approximately 8,800 SF combined warehouse and office space
    Front office includes four private offices, a conference room, shared open workspaces, kitchen, and break area
    Warehouse has 14‑foot ceilings for storage or vertical operations
    Loading access includes 1 dock with an overhead door plus 3 additional overhead garage doors
    Office and warehouse are connected for an efficient work flow
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    This listing looks promising.

    Here's a quick look at some key insights for

    3720 Hawthorne Court, Waukegan, IL 60087

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Mortgage

      $294K
      Feb 2018

    • Last Sold

      Mar 2021
      $437K

    • Property Type

      Industrial (General)
      Built 1980
    View Property Analytics
    Waukegan Commercial Property for Sale
    Updated: May 29
    Waukegan Commercial Property for Sale

    403 Grand Avenue, Waukegan, IL 60085

    $450,000
    0.14 AC lot
    Built in 1993
    Brick construction
    Central Air Conditioning
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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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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Warehouse with Office and Outdoor Storage
    Warehouse with Office and Outdoor Storage

    1020 Elizabeth Ave, Waukegan, IL 60085

    $4,500,000
    8,800 sqft 3.02 AC lot

    Industrial shop with 17-foot clear height, a 14-foot grade-level door, and fenced outdoor storage, plus leased office space.

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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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    Temperature Controlled Warehouse with Office
    Temperature Controlled Warehouse with Office

    54 Le Baron St, Waukegan, IL 60085

    Contact for pricing
    9,500 sqft

    Divisible 9,500 SF warehouse includes 500 SF office, 11' clear height, four DIDs, and full temperature control.

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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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    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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    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 16 Potential Opportunities for your consideration. Besides 11 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Retail and Office Center
    Mixed-Use Retail and Office Center

    3545-3575 Grand Ave, Gurnee, IL 60031

    Contact for pricing
    105,000 sqft 6.80 AC lot

    Mixed-use development with retail storefront visibility and second-floor office space on a signalized corner with abundant parking.

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    Versatile Office Space For Sale
    Versatile Office Space For Sale

    101 Waukegan Road, Lake Bluff, IL 60044

    Contact for pricing
    93,903 sqft

    15,034 SF divisible office space suitable for medical use.

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    Multi-Tenant Office Building
    Multi-Tenant Office Building

    655 Rockland Rd, Lake Bluff, IL 60044

    Contact for pricing
    12,822 sqft

    Well-maintained multi-tenant office property with 31 professional suites and 41 on-site parking spaces.

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    New Office Condo Building
    New Office Condo Building

    167 N. Greenleaf, Gurnee, IL 60031

    Contact for pricing

    Newer office condo units are available in 1,500 or 3,000 SF configurations.

    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.

    128 Genesee St
    Office Units

    128 Genesee St, Waukegan, IL 60085

    Value Estimation by Request
    View details

    Waukegan, IL Office Units Market Trends and Statistics

    Explore 12 office units for sale in Waukegan, IL, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 167,772 square feet of properties for sale, with an estimated market value of $9,269,775.

    Sale prices for office units in Waukegan, IL start at $250,000, averaging $1,158,721, and reaching up to $4,500,000 — 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 30
    Office buildings 12
    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 $690K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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    • 60087

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