Advertise
    Waukegan, IL
    Restaurants

    Waukegan, IL Restaurants for Sale

    Notify Me
    List
    Map
    North Chicago, IL Park City, IL Gurnee, IL Chicago, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL
    12 properties
    Sort:
    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
    View details
    Operating Restaurant Building
    Updated: Feb 25
    Operating Restaurant Building

    1508 Washington Street, Waukegan, IL 60085

    $349,000
    0.11 AC lot
    Currently leased and operating restaurant property
    0.1148‑acre parcel at 1508 Washington Street, Waukegan, IL 60085
    Block construction
    Central Air cooling
    Rubber roof
    View details
    Restaurant Land Lease
    Restaurant Land Lease

    1400 N Lewis Avenue, Waukegan, IL 60085

    $725,000
    0.55 AC lot

    The 0.551-acre site is located on North Lewis Avenue in Waukegan.

    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
    Breakfast & Diner Property
    Breakfast & Diner Property

    1451 Golf Rd, Waukegan, IL 60085

    $549,000
    3,902 sqft

    Operating restaurant property with equipment, real estate, and a video gaming parlor.

    View details
    Mixed-Use Brick Building
    Mixed-Use Brick Building

    818 10th Street, Waukegan, IL 60085

    $449,900
    0.16 AC lot

    Two-level property combines a Mexican restaurant with two upstairs apartments and additional commercial space.

    View details
    Brick Mixed-Use Building
    Brick Mixed-Use Building

    818 10th St, Waukegan, IL 60085

    $449,900
    4,538 sqft

    Two upper-level apartments accompany a first-floor Mexican restaurant and additional commercial area.

    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Chick-fil-A NNN Property
    Chick-fil-A NNN Property

    790 S Northpoint Blvd, Waukegan, IL 60085

    Contact for pricing
    5,222 sqft 2.00 AC lot

    Secured by a 15-year absolute NNN ground lease with Chick-fil-A, Inc.

    View details
    Dutch Bros Coffee Shop
    Dutch Bros Coffee Shop

    653 N Green Bay Rd, Waukegan, IL 60085

    Contact for pricing
    1,090 sqft

    New construction coffee shop with multiple access points and monument signage.

    View details
    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.

    View details
    Corner Strip Center
    Corner Strip Center

    622-628 Grand Avenue, Waukegan, IL 60085

    $949,000

    The tenant mix includes a grill, grocery market, and specialty shop serving food and ice cream.

    View details
    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.

    View details
    Operating Restaurant Building
    Operating Restaurant Building

    1508 Washington Street, Waukegan, IL 60085

    Contact for pricing

    Currently leased restaurant property on Washington Street in Waukegan, Illinois.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 12 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 60 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.

    Three-Unit Storefront Building
    Three-Unit Storefront Building

    55 Barron Boulevard, Grayslake, IL 60030

    $899,900
    0.66 AC lot

    A separate parcel provides a parking lot alongside the commercial building.

    View details
    Multi-Level Restaurant and Bar
    Multi-Level Restaurant and Bar

    250 Center St, Grayslake, IL 60030

    $3,750,000
    9,165 sqft

    Built-out foodservice and event property with commercial kitchen infrastructure, multiple dining areas, and outdoor patios.

    View details
    Indian Fusion Restaurant with Private Dining
    Indian Fusion Restaurant with Private Dining

    620 N Milwaukee Ave, Libertyville, IL 60048

    $199,000

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

    View details
    Established Coffee Shop Business
    Established Coffee Shop Business

    114 N Milwaukee Avenue, Libertyville, IL 60048

    Contact for pricing

    Boba tea concept at a Libertyville commercial address with RTAIL zoning.

    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.

    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.

    View details
    Signalized Corner Commercial Land
    Signalized Corner Commercial Land

    1730 W Beach Road, Waukegan, IL 60087

    $152,900
    1.41 AC lot

    Municipal water and sewer are located in the rights-of-way along both adjoining streets.

    View details
    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.

    View details
    Antioch Land for Business Use
    Antioch Land for Business Use

    1207 Main Street, Antioch, IL 60002

    $738,000
    1.64 AC lot

    1.64 acre commercial land parcel in Antioch, Illinois.

    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

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

    3001 Belvidere Rd, Waukegan, IL 60085-6013

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

    219 Greenwood Ave, Waukegan, IL 60087-5133

    Estimated value:
    $540,000
    2,634 sqft 0.27 AC lot
    View details
    940 Waukegan Rd
    RESTAURANT

    940 Waukegan Rd, Waukegan, IL 60085-6710

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

    2122 Grand Ave, Waukegan, IL 60085-3416

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

    318 Belvidere Rd, Waukegan, IL 60085-6508

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

    30 Genesee St, Waukegan, IL 60085-4307

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

    1510 Lewis Ave, Waukegan, IL 60085-1760

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

    1726 Belvidere Rd, Waukegan, IL 60085-7220

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

    2101 Grand Ave, Waukegan, IL 60085-3415

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

    1412 Washington St, Waukegan, IL 60085-5345

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

    630 Grn Bay Rd, Waukegan, IL 60085-7007

    Estimated value:
    $1,350,000
    25,310 sqft 1.61 AC lot
    View details

    Waukegan, IL Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Waukegan, IL, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 25,685 square feet of properties for sale, with an estimated market value of $4,020,800.

    Sale prices for restaurant properties in Waukegan, IL start at $349,000, averaging $574,400, and reaching up to $949,000 — 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

    Conventional restaurants 8
    Drive through restaurants 4
    Breakfast & diners 3
    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 $469.4K

    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
    Why this one?
    Saved
    Reason not saved — we won't ask again

    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!