Advertise
    Waukegan, IL
    Restaurants

    Waukegan, IL Restaurants for Sale

    Notify Me
    List
    Map
    North Chicago, IL Park City, IL Gurnee, IL
    Established Restaurant with Slot Machines
    Updated: Nov 25, 2025
    Established Restaurant with Slot Machines

    1401 Golf Rd, Waukegan, IL

    $799,000
    7,804 sqft · 0.88 AC lot
    Established breakfast/lunch restaurant with a great following.
    Business and real estate are being sold together.
    Includes slots machines.
    Serving the community for years.
    Beloved local tradition.
    View details
    Waukegan Retail Property with Drive-Thru
    Updated: Oct 8, 2024
    Waukegan Retail Property with Drive-Thru

    919 N Green Bay Rd, Waukegan, IL

    Contact for pricing
    3,129 sqft · 1.22 AC lot
    High visibility freestanding retail property with drive‑thru on Green Bay Road near Grand Avenue (Route 132).
    Strong transit‑oriented location with heavy vehicle and foot traffic, directly at a PACE bus stop and blocks from Route 41 and I‑94.
    Surrounded by national retailers including Jewel‑Osco, Walgreens, Starbucks, and McDonald’s.
    3,129‑square‑foot building.
    Three points of ingress/egress on three separate roads.
    View details
    Mixed-Use Building in Waukegan
    Mixed-Use Building in Waukegan

    818 10th Street, Waukegan, IL 60085

    $449,900
    0.16 AC lot

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

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 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.

    Retail Center Restaurant and Stores
    Retail Center Restaurant and Stores

    1742-1768 North Milwaukee Avenue, Libertyville, IL 60048

    Contact for pricing

    2003-built retail center offers contiguous storefront space and a second-generation restaurant suite with FF&E available.

    View details
    Mixed-Use Trophy Asset in Libertyville
    Mixed-Use Trophy Asset in Libertyville

    545 North Milwaukee Avenue, Libertyville, IL 60048

    $6,995,000
    16,621 sqft

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

    View details
    Renovated Storefront Building on Highway
    Renovated Storefront Building on Highway

    55 N Barron Blvd, Grayslake, IL 60030

    $899,900
    8,380 sqft

    Two-unit storefront building with leases in place and parking.

    View details
    Grayslake Corner Location For Sale
    Grayslake Corner Location For Sale

    102-106 Center St, Grayslake, IL 60030

    $599,900
    3,150 sqft

    Prime corner location in downtown Grayslake with redevelopment potential.

    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.

    Waukegan Land Development Opportunity
    Waukegan Land Development Opportunity

    1213 Grand Avenue, Waukegan, IL 60085

    $559,000
    1.49 AC lot

    Prime vacant land for commercial development in Waukegan, Illinois.

    View details
    Commercial Land in High-Traffic Area
    Commercial Land in High-Traffic Area

    502 Belvidere Road, Waukegan, IL 60085

    $49,900
    0.17 AC lot

    Commercial land with high visibility and seller financing options.

    View details
    Waukegan Land For Sale
    Waukegan Land For Sale

    1730 W Beach Road, Waukegan, IL 60087

    $152,900
    1.41 AC lot

    1.41 acre corner lot ready for development in Waukegan.

    View details
    Corner Lot in Beach Park
    Corner Lot in Beach Park

    12640 W WADSWORTH Road, Beach Park, IL 60087

    $750,000
    1.36 AC lot

    1.36 acre corner lot with high traffic visibility.

    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.

    226 Sheridan Rd
    RESTAURANT

    226 Sheridan Rd, Waukegan, IL 60085-4230

    Value Estimation by Request
    3,680 sqft · 0.58 AC lot
    View details
    3001 Belvidere Rd
    RESTAURANT

    3001 Belvidere Rd, Waukegan, IL 60085-6013

    Value Estimation by Request
    5,238 sqft · 0.68 AC lot
    View details
    219 Greenwood Ave
    BAR, TAVERN

    219 Greenwood Ave, Waukegan, IL 60087-5133

    Value Estimation by Request
    2,634 sqft · 0.27 AC lot
    View details
    940 Waukegan Rd
    RESTAURANT

    940 Waukegan Rd, Waukegan, IL 60085-6710

    $820,000
    Estimated value
    2,152 sqft · 0.79 AC lot
    View details
    2122 Grand Ave
    RESTAURANT

    2122 Grand Ave, Waukegan, IL 60085-3416

    Value Estimation by Request
    1,722 sqft · 0.30 AC lot
    View details
    318 Belvidere Rd
    RESTAURANT

    318 Belvidere Rd, Waukegan, IL 60085-6508

    Value Estimation by Request
    1,318 sqft · 0.19 AC lot
    View details
    30 Genesee St
    RESTAURANT

    30 Genesee St, Waukegan, IL 60085-4307

    Value Estimation by Request
    3,168 sqft · 0.04 AC lot
    View details
    1510 Lewis Ave
    RESTAURANT

    1510 Lewis Ave, Waukegan, IL 60085-1760

    $565,000
    Estimated value
    2,558 sqft · 0.64 AC lot
    View details
    1726 Belvidere Rd
    RESTAURANT

    1726 Belvidere Rd, Waukegan, IL 60085-7220

    Value Estimation by Request
    902 sqft · 0.17 AC lot
    View details
    2101 Grand Ave
    RESTAURANT

    2101 Grand Ave, Waukegan, IL 60085-3415

    $755,000
    Estimated value
    4,892 sqft · 0.63 AC lot
    View details
    1412 Washington St
    RESTAURANT

    1412 Washington St, Waukegan, IL 60085-5345

    Value Estimation by Request
    3,630 sqft · 0.10 AC lot
    View details
    630 Grn Bay Rd
    BAR, TAVERN

    630 Grn Bay Rd, Waukegan, IL 60085-7007

    $1,440,000
    Estimated value
    25,310 sqft · 1.61 AC lot
    View details
    36 Genesee St
    BAR, TAVERN

    36 Genesee St, Waukegan, IL 60085-4307

    Value Estimation by Request
    5,040 sqft · 0.04 AC lot
    View details
    2632 Washington St
    RESTAURANT

    2632 Washington St, Waukegan, IL 60085-4917

    Value Estimation by Request
    1,188 sqft · 0.50 AC lot
    View details
    2000 Grand Ave
    RESTAURANT

    2000 Grand Ave, Waukegan, IL 60085-3404

    $505,000
    Estimated value
    1,440 sqft · 0.36 AC lot
    View details
    50 Grn Bay Rd
    RESTAURANT

    50 Grn Bay Rd, Waukegan, IL 60085-4816

    $735,000
    Estimated value
    17,239 sqft · 1.25 AC lot
    View details
    3300 Grand Ave
    RESTAURANT

    3300 Grand Ave, Waukegan, IL 60085-2206

    $1,475,000
    Estimated value
    1,732 sqft · 0.72 AC lot
    View details
    800 Waukegan Rd
    RESTAURANT

    800 Waukegan Rd, Waukegan, IL 60085-6723

    $3,350,000
    Estimated value
    3,532 sqft · 1.52 AC lot
    View details
    2500 Grand Ave
    BAR, TAVERN

    2500 Grand Ave, Waukegan, IL 60085-3317

    Value Estimation by Request
    7,421 sqft · 0.34 AC lot
    View details
    919 Grn Bay Rd
    RESTAURANT

    919 Grn Bay Rd, Waukegan, IL 60085-2239

    $935,000
    Estimated value
    3,144 sqft · 1.21 AC lot
    View details
    2021 Lewis Ave
    RESTAURANT

    2021 Lewis Ave, Waukegan, IL 60087-4721

    Value Estimation by Request
    1,896 sqft · 0.45 AC lot
    View details

    Waukegan, IL Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Waukegan, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,804 square feet of properties for sale, with an estimated market value of $799,000.

    Sale prices for restaurant properties in Waukegan, IL start at $799,000, averaging $799,000, and reaching up to $799,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 2
    Breakfast & diners 1
    Conventional restaurants 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 $449.9K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Restaurants for Sale Near Waukegan, IL

    Popular Searches in Waukegan, IL

    Popular Categories

    Most Searched ZIP Codes in Waukegan, IL

    • 60085

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!