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    Waukegan, IL Restaurants for Sale

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    8 properties
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    Breakfast & Diner with Gaming Parlor
    Updated: Aug 20
    Breakfast & Diner with Gaming Parlor

    1451 Golf Road, Waukegan, IL 60085

    $549,000
    0.65 AC lot
    3,902‑square‑foot restaurant building
    Business, real estate, and equipment included
    Video gaming parlor operates into the late evening
    Full basement for equipment and cooler storage
    0.6457‑acre property at a stoplight intersection
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    Mixed-Use Brick Building
    Updated: May 17, 2024
    Mixed-Use Brick Building

    818 10th Street, Waukegan, IL 60085

    $449,900
    0.16 AC lot
    Mixed‑use building with a first‑floor Mexican restaurant and two second‑floor apartments
    0.155‑acre property at 818 10th Street, Waukegan, IL 60085
    Additional first‑floor space identified for gambling machines and potential sports bar use
    COMMR zoning
    Brick and concrete construction with a rubber membrane roof
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    Established Restaurant with Slot Machines
    Established Restaurant with Slot Machines

    1401 Golf Rd, Waukegan, IL

    Contact for pricing
    7,804 sqft 0.88 AC lot

    Waukegan restaurant, real estate, and slot machines for sale.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Freestanding Retail with Drive-Thru
    Freestanding Retail with Drive-Thru

    919 N Green Bay Rd, Waukegan, IL 60085

    Contact for pricing
    3,129 sqft

    Freestanding retail building with drive-thru and parking for up to 50, with three ingress/egress points.

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    Two-Story Restaurant with Gaming
    Two-Story Restaurant with Gaming

    36 N Genesee St, Waukegan, IL 60085

    Contact for pricing

    Two-story restaurant offers bar and gaming on the first floor, with storage on the second and full basement.

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    Fully Fixtured Buffet Restaurant
    Fully Fixtured Buffet Restaurant

    3900 Northpoint Blvd, Waukegan, IL 60085

    Contact for pricing

    Fully fixtured, newly updated buffet-style restaurant ready for operation.

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    Mixed-Use Brick Building
    Mixed-Use Brick Building

    818 10th Street, Waukegan, IL 60085

    Contact for pricing
    4,538 sqft

    Brick mixed-use building with two upstairs apartments and a first-floor Mexican restaurant plus space for gambling machines.

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    Drive-Thru Restaurant with Patio
    Drive-Thru Restaurant with Patio

    3220 N Lewis Ave, Waukegan, IL 60087

    Contact for pricing

    2023-built drive-thru restaurant with an outdoor patio and a large pylon sign on a high-traffic corner.

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    Based on your search, we've compiled 80 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 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.

    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    545-47 N Milwaukee Avenue, Libertyville, IL 60048

    $6,995,000
    6,000 sqft

    Downtown property combines office space with two restaurant suites under long-term leases.

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    Indian Fusion Restaurant with Private Dining
    Indian Fusion Restaurant with Private Dining

    620 N Milwaukee Ave, Libertyville, IL 60048

    $299,000

    Indian fusion restaurant operating since January 2023 with capacity for about 120 guests and flexible private dining options.

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    Bar and Pub with Upstairs Apartment
    Bar and Pub with Upstairs Apartment

    211 W Grass Lake Road, Lake Villa, IL 60046

    Contact for pricing

    The property combines a full-service kitchen, dining areas, and an upstairs apartment.

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    Mixed-Use Property with Restaurant
    Mixed-Use Property with Restaurant

    211 W Grass Lake Road, Lake Villa, IL 60046

    Contact for pricing

    Includes a remodeled upper-level apartment, commercial kitchen, bar area, patio, parking, and basement storage.

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    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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    Commercial Land With Seller Financing
    Commercial Land With Seller Financing

    502 Belvidere Road, Waukegan, IL 60085

    $49,900
    0.17 AC lot

    Commercial land on a busy street with water available, sold as-is, and offered with seller financing availability.

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    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.

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    Commercial Corner Lot
    Commercial Corner Lot

    12640 W WADSWORTH Road, Beach Park, IL 60087

    $750,000
    1.36 AC lot

    Fully developed commercial parcel positioned at a high-traffic intersection in Beach Park.

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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.

    226 Sheridan Rd
    RESTAURANT

    226 Sheridan Rd, Waukegan, IL 60085-4230

    $365,000
    Estimated value
    3,680 sqft 0.58 AC lot
    View details
    3001 Belvidere Rd
    RESTAURANT

    3001 Belvidere Rd, Waukegan, IL 60085-6013

    $730,000
    Estimated value
    5,238 sqft 0.68 AC lot
    View details
    219 Greenwood Ave
    BAR, TAVERN

    219 Greenwood Ave, Waukegan, IL 60087-5133

    $540,000
    Estimated value
    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

    $290,000
    Estimated value
    1,722 sqft 0.30 AC lot
    View details
    318 Belvidere Rd
    RESTAURANT

    318 Belvidere Rd, Waukegan, IL 60085-6508

    $195,000
    Estimated value
    1,318 sqft 0.19 AC lot
    View details
    30 Genesee St
    RESTAURANT

    30 Genesee St, Waukegan, IL 60085-4307

    $445,000
    Estimated value
    3,168 sqft 0.04 AC lot
    View details
    1510 Lewis Ave
    RESTAURANT

    1510 Lewis Ave, Waukegan, IL 60085-1760

    $560,000
    Estimated value
    2,558 sqft 0.64 AC lot
    View details
    1726 Belvidere Rd
    RESTAURANT

    1726 Belvidere Rd, Waukegan, IL 60085-7220

    $195,000
    Estimated value
    902 sqft 0.17 AC lot
    View details
    2101 Grand Ave
    RESTAURANT

    2101 Grand Ave, Waukegan, IL 60085-3415

    $720,000
    Estimated value
    4,892 sqft 0.63 AC lot
    View details
    1412 Washington St
    RESTAURANT

    1412 Washington St, Waukegan, IL 60085-5345

    $220,000
    Estimated value
    3,630 sqft 0.10 AC lot
    View details
    630 Grn Bay Rd
    BAR, TAVERN

    630 Grn Bay Rd, Waukegan, IL 60085-7007

    $1,350,000
    Estimated value
    25,310 sqft 1.61 AC lot
    View details
    36 Genesee St
    BAR, TAVERN

    36 Genesee St, Waukegan, IL 60085-4307

    $60,000
    Estimated value
    5,040 sqft 0.04 AC lot
    View details
    2632 Washington St
    RESTAURANT

    2632 Washington St, Waukegan, IL 60085-4917

    $160,000
    Estimated value
    1,188 sqft 0.50 AC lot
    View details
    2000 Grand Ave
    RESTAURANT

    2000 Grand Ave, Waukegan, IL 60085-3404

    $495,000
    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

    Waukegan, IL Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Waukegan, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 15,471 square feet of properties for sale, with an estimated market value of $998,900.

    Sale prices for restaurant properties in Waukegan, IL start at $449,900, averaging $499,450, and reaching up to $549,000 — 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

    Conventional restaurants 4
    Drive through restaurants 4
    Breakfast & diners 2
    Bars & Pubs 1
    Coffee shops 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

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    • 60085
    • 60087

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