Retail

Waukegan, IL Retail Space for Sale

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Retail Spaces on Grand Avenue
Updated: Nov 21, 2025
Retail Spaces on Grand Avenue

2603-2709 Grand Ave, Waukegan, IL 60085

Contact for pricing
66,345 sqft
High‑traffic location on Grand Ave (IL 132) with over 27,000 vehicles per day.
Shadow anchored by a 70,000 SF Lewis Foods Supermarket.
Pylon and large digital billboard signage available on Grand Ave.
Spaces available in Vanilla Box condition, ready for new businesses.
Existing tenants include Dollar General, Talecris Plasma Resources, Rent‑A‑Center, and Dotty's Cafe.
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Leased Office and Event Space
Updated: May 2, 2025
Leased Office and Event Space

814 Washington Street, Waukegan, IL 60085

$250,000
Fully leased office suites providing immediate rental income.
Established party/event space with a proven rental history.
Large parking lot with 21 spaces, offering potential for additional income generation.
Cash flow opportunity.
Commercial property suitable for various business ventures.
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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 77 Potential Opportunities for your consideration. Besides 2 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 1 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.

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.

View details
Multi-Unit Retail & Drive-In Site
Multi-Unit Retail & Drive-In Site

197 Peterson Road, Libertyville, IL 60048

$1,599,000
0.69 AC lot

Five flexible commercial units with substantial parking and 11 drive-in bays for vehicle-accessible retail or service use.

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Retail Space in Downtown Libertyville
Retail Space in Downtown Libertyville

121 W Church Street, Libertyville, IL 60048

$1,500,000
0.71 AC lot

2,000+ sq ft retail space in new building.

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Retail Space on Skokie Highway
Retail Space on Skokie Highway

1207 North Skokie Highway, Gurnee, IL 60031

Contact for pricing
10,000 sqft

10,000 SF retail space available on Skokie Highway.

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.

PUD-Zoned Commercial Land with Frontage
PUD-Zoned Commercial Land with Frontage

3229 State Road 207, Elkton, FL 32033

$1,599,000
2.07 AC lot

2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

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.

550 Genesee St
RETAIL STORES (PERSONAL SERVICES)

550 Genesee St, Waukegan, IL 60085-7573

Value Estimation by Request
21,203 sqft 0.93 AC lot
View details
644 Grand Ave
RETAIL STORES (PERSONAL SERVICES)

644 Grand Ave, Waukegan, IL 60085-4156

Value Estimation by Request
1,081 sqft 0.12 AC lot
View details
2766 Washington St
RETAIL STORES (PERSONAL SERVICES)

2766 Washington St, Waukegan, IL 60085-4959

Value Estimation by Request
7,680 sqft 0.11 AC lot
View details
2304 Grand Ave
RETAIL STORES (PERSONAL SERVICES)

2304 Grand Ave, Waukegan, IL 60085-3313

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

606 Nn Ave, Waukegan, IL 60085-3948

Value Estimation by Request
7,242 sqft 0.09 AC lot
View details
521 Greenwood Ave
RETAIL STORES (PERSONAL SERVICES)

521 Greenwood Ave, Waukegan, IL 60087-5102

$900,000
Estimated value
9,180 sqft 0.18 AC lot
View details
561 Lewis Ave
RETAIL STORES (PERSONAL SERVICES)

561 Lewis Ave, Waukegan, IL 60085-6113

$2,475,000
Estimated value
14,400 sqft 1.62 AC lot
View details
2859 Washington St
RETAIL STORES (PERSONAL SERVICES)

2859 Washington St, Waukegan, IL 60085-4839

Value Estimation by Request
2,400 sqft 0.18 AC lot
View details
2614 Grand Ave
RETAIL STORES (PERSONAL SERVICES)

2614 Grand Ave, Waukegan, IL 60085-2411

Value Estimation by Request
4,112 sqft 0.16 AC lot
View details
2510 Grand Ave
RETAIL STORES (PERSONAL SERVICES)

2510 Grand Ave, Waukegan, IL 60085-3317

$520,000
Estimated value
2,223 sqft 0.40 AC lot
View details
912 Greenwood Ave
RETAIL STORES (PERSONAL SERVICES)

912 Greenwood Ave, Waukegan, IL 60087-4952

Value Estimation by Request
3,500 sqft 0.07 AC lot
View details
38 Genesee St
RETAIL STORES (PERSONAL SERVICES)

38 Genesee St, Waukegan, IL 60085-4307

Value Estimation by Request
8,240 sqft 0.08 AC lot
View details
1401 11th St
RETAIL STORES (PERSONAL SERVICES)

1401 11th St, Waukegan, IL 60085

Value Estimation by Request
39,184 sqft 1.04 AC lot
View details
1602 Grand Ave
RETAIL STORES (PERSONAL SERVICES)

1602 Grand Ave, Waukegan, IL 60085-3606

Value Estimation by Request
1,200 sqft 0.09 AC lot
View details
1604 Grand Ave
RETAIL STORES (PERSONAL SERVICES)

1604 Grand Ave, Waukegan, IL 60085-3606

Value Estimation by Request
2,160 sqft 0.08 AC lot
View details
814 Gln Flora Ave
RETAIL STORES (PERSONAL SERVICES)

814 Gln Flora Ave, Waukegan, IL 60085-1839

Value Estimation by Request
10,140 sqft 0.40 AC lot
View details
678 Genesee St
RETAIL STORES (PERSONAL SERVICES)

678 Genesee St, Waukegan, IL 60085-7551

Value Estimation by Request
6,768 sqft 0.19 AC lot
View details
1820 Grand Ave
RETAIL STORES (PERSONAL SERVICES)

1820 Grand Ave, Waukegan, IL 60085-3575

Value Estimation by Request
3,348 sqft 0.21 AC lot
View details
610 Genesee St
RETAIL STORES (PERSONAL SERVICES)

610 Genesee St, Waukegan, IL 60085-7519

Value Estimation by Request
15,872 sqft 0.63 AC lot
View details
3901 Fountain Sq Pl
RETAIL STORES (PERSONAL SERVICES)

3901 Fountain Sq Pl, Waukegan, IL 60085-6705

$12,600,000
Estimated value
49,057 sqft 6.24 AC lot
View details
2001 Grn Bay Rd
RETAIL STORES (PERSONAL SERVICES)

2001 Grn Bay Rd, Waukegan, IL 60087-4218

$1,300,000
Estimated value
11,988 sqft 0.92 AC lot
View details
602 Nn Ave
RETAIL STORES (PERSONAL SERVICES)

602 Nn Ave, Waukegan, IL 60085-3948

Value Estimation by Request
4,686 sqft 0.15 AC lot
View details

Waukegan, IL Retail Space Market Trends and Statistics

Explore 72 retail space for sale in Waukegan, IL on our real estate platform. These investment opportunities span a total of 66,345 square feet of properties for sale, with an estimated market value of $250,000.

Sale prices for retail space in Waukegan, IL average $250,000 — 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

Storefront properties 10
Shopping centers 7
Auto shops 6
Automotive properties 6
Car washes 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 $125K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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