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    Waukegan, IL Retail Properties & Spaces for Sale

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    North Chicago, IL Park City, IL Gurnee, IL Chicago, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL
    10 properties
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    Commercial Development Land
    Updated: Sep 17
    Commercial Development Land

    207 Pigeon Avenue, Waukegan, IL 60085

    $450,000
    1.52 AC lot
    1.52‑acre commercial land parcel
    2,520‑square‑foot outbuilding with a second floor
    Existing small home on the property
    Utilities to site
    Natural gas available
    View details
    10-Bay Automotive Service Property
    Updated: Jul 21
    10-Bay Automotive Service Property

    3375 Grand Ave, Waukegan, IL 60085

    $2,500,000
    10,244 sqft 1.76 AC lot
    10,244 SF building on 1.76 acres
    10 drive‑in doors, each 14' tall
    10 automotive service bays
    Parking for 170 vehicles
    Zoned for automobile sales and automobile repairs
    View details
    Mixed-Use Property with Redevelopment Potential
    Mixed-Use Property with Redevelopment Potential

    535 S Sheridan Rd, Waukegan, IL 60085

    $529,900
    29,798 sqft

    Retail, office, and warehouse components occupy a mixed-use commercial property positioned within an Illinois Enterprise Zone.

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    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
    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.

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    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.

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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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    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
    B3 Commercial Corner Land
    B3 Commercial Corner Land

    207 Pigeon Avenue, Waukegan, IL 60085

    $450,000

    B3-zoned corner parcel with utilities at the site and an existing outbuilding for commercial redevelopment.

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    Retail Spaces on Grand Avenue
    Retail Spaces on Grand Avenue

    2603-2709 Grand Ave, Waukegan, IL 60085

    Contact for pricing

    Retail and office spaces available in Waukegan shopping center.

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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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    Corner Storefront Property
    Corner Storefront Property

    2901 Sunset Avenue, Waukegan, IL 60087

    Contact for pricing
    8,760 sqft

    Corner-positioned commercial building with dedicated on-site parking and flexible retail-oriented space.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 10 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 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-Unit Storefront Property
    Two-Unit Storefront Property

    2748 Sheridan Rd, Zion, IL 60099

    $279,000
    4,500 sqft

    Sheridan Road commercial building with separate billing, storage areas, and an established occupant in one unit.

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    Office Building with Retail Space
    Office Building with Retail Space

    6021 W. Washington St., Gurnee, IL 60031

    Contact for pricing
    7,200 sqft

    C-2 PUD-zoned property with flexible office and retail space.

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    Two-Unit Retail Storefront
    Two-Unit Retail Storefront

    2748 Sheridan Road, Zion, IL 60099

    $279,000
    0.16 AC lot

    Commercial property with separately billed units, basement storage, and additional attic storage in one suite.

    View details
    Commercial Land Ideal for Development
    Commercial Land Ideal for Development

    35923 Barberry Ln, Gurnee, IL 60031

    Contact for pricing

    Commercial land parcel suitable for retail or office development.

    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
    Land Available Near I-94
    Land Available Near I-94

    601 Lakehurst Road, Waukegan, IL 60085

    $6,495,000

    Land for sale near I-94 and Belvidere Rd Exit.

    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.

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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

    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
    550 Genesee St
    RETAIL STORES (PERSONAL SERVICES)

    550 Genesee St, Waukegan, IL 60085-7573

    Estimated value:
    $590,000
    21,203 sqft 0.93 AC lot
    View details
    644 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    644 Grand Ave, Waukegan, IL 60085-4156

    Estimated value:
    $265,000
    1,081 sqft 0.12 AC lot
    View details
    1802 Belvidere Rd
    FINANCIAL BUILDING

    1802 Belvidere Rd, Waukegan, IL 60085-7222

    Estimated value:
    $410,000
    3,500 sqft 0.51 AC lot
    View details
    821 Grn Bay Rd
    SERVICE STATION WITH FOOD MART

    821 Grn Bay Rd, Waukegan, IL 60085-2237

    Estimated value:
    $1,080,000
    3,600 sqft 0.33 AC lot
    View details
    452 Lakehurst Rd
    GYM, HEALTH SPA

    452 Lakehurst Rd, Waukegan, IL 60085-6604

    Estimated value:
    $3,650,000
    42,526 sqft 3.24 AC lot
    View details
    2766 Washington St
    RETAIL STORES (PERSONAL SERVICES)

    2766 Washington St, Waukegan, IL 60085-4959

    Estimated value:
    $335,000
    7,680 sqft 0.11 AC lot
    View details
    2304 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    2304 Grand Ave, Waukegan, IL 60085-3313

    Estimated value:
    $910,000
    5,940 sqft 0.34 AC lot
    View details
    606 Nn Ave
    RETAIL STORES (PERSONAL SERVICES)

    606 Nn Ave, Waukegan, IL 60085-3948

    Estimated value:
    $155,000
    7,242 sqft 0.09 AC lot
    View details
    521 Greenwood Ave
    RETAIL STORES (PERSONAL SERVICES)

    521 Greenwood Ave, Waukegan, IL 60087-5102

    Estimated value:
    $1,050,000
    9,180 sqft 0.18 AC lot
    View details
    314 Lewis Ave
    CONVENIENCE STORE

    314 Lewis Ave, Waukegan, IL 60085-5230

    Estimated value:
    $1,610,000
    2,640 sqft 0.42 AC lot
    View details
    2435 Washington St
    CONVENIENCE STORE

    2435 Washington St, Waukegan, IL 60085-5064

    Estimated value:
    $1,155,000
    3,012 sqft 0.54 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

    Waukegan, IL Retail Properties & Spaces Market Trends and Statistics

    Explore 72 retail properties & spaces for sale in Waukegan, IL, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 57,696 square feet of properties for sale, with an estimated market value of $5,128,900.

    Sale prices for stores in Waukegan, IL start at $250,000, averaging $854,816, and reaching up to $2,500,000 — 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

    Shopping centers 6
    Storefront properties 3
    Auto shops 2
    Automotive properties 2
    Grocery and convenience stores 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 $696.7K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    How Realmo verifies these figures

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