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    Historic Institutional Building
    Updated: Jun 21
    Historic Institutional Building

    574 S Mcalister Avenue, Waukegan, IL 60085

    Contact for pricing
    0.55 AC lot
    Brick institutional building originally constructed in 1900
    Approximately 14,001 SF building on a prominent 0.55‑acre site
    Approximately 24,002‑square‑foot parcel offers land area for parking and outdoor amenities (subject to municipal approval)
    Expansive floor plan with substantial footprint and established presence for redevelopment, adaptive reuse, investment, or owner‑occupant conversion
    Suitable for a wide range of uses including educational facilities, religious institutions, non‑profits, offices, training, community services, and event or cultural venues
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    Historic Institutional Building
    Updated: Jun 21
    Historic Institutional Building

    574 S Mcalister Avenue, Waukegan, IL 60085

    Contact for pricing
    14,001 sqft 0.55 AC lot
    Institutional building built in 1900 with approximately 14,001 SF of interior space.
    0.55‑acre site for parking, outdoor amenities, and gathering/recreational uses (subject to municipal approval).
    Approximately 14,001 SF building size on a prominent site, suited to adaptive reuse, redevelopment, or conversion projects.
    Approximately 24,002‑square‑foot parcel provides additional land area for potential future site enhancements (subject to approval).
    Historic institutional character and substantial footprint offer flexible space for many institutional, office, or community‑oriented uses.
    View details
    Corner-Location School and Daycare Facility
    Corner-Location School and Daycare Facility

    742 West Greenwood Avenue, Waukegan, IL 60087

    $650,000

    Masonry school-daycare building with classrooms, offices, and auditorium-style assembly space plus zoned HVAC and multiple restrooms.

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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 12 Potential Opportunities for your consideration. Besides 3 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Driving School and Residential Apartment
    Driving School and Residential Apartment

    9011 Grand Avenue, River Grove, IL 60171

    $419,000
    0.07 AC lot

    Long-running driving school operation with a renovated two-bedroom, one-bath apartment and covered outdoor space.

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    Multi-Story Educational Facility
    Multi-Story Educational Facility

    2989 North Milwaukee Avenue, Chicago, IL 60618

    Contact for pricing
    80,471 sqft 1.04 AC lot

    Newer, four-story school-ready building with parking, kitchen and gymnasium spaces, delivered vacant for immediate occupancy.

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    Chicago School Building and Land
    Chicago School Building and Land

    819 & 831-847 N. Leamington Avenue, Chicago, IL 60651

    $1,250,000
    27,500 sqft 0.63 AC lot

    School building with land in Chicago's Austin neighborhood.

    View details
    Specialty School Property For Sale
    Specialty School Property For Sale

    9011 Grand Avenue, River Grove, IL 60171

    $419,000

    For sale specialty school property with convenient drive-up access via Grand Avenue and nearby side-street parking.

    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.

    Cantera Business Park Land Opportunity
    Cantera Business Park Land Opportunity

    28301 Ferry Rd, Warrenville, IL 60555

    $9,250,000
    161,209 sqft 19.00 AC lot

    19-acre site in Cantera Business Park, Warrenville, IL.

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    Land in Tinley Park, IL
    Land in Tinley Park, IL

    16750 Harlem Avenue, Tinley Park, IL 60477

    $599,000
    1.01 AC lot

    Commercial land available for sale in Tinley Park, Illinois.

    View details
    Cross Plains Land Opportunity
    Cross Plains Land Opportunity

    L12 Lindale Drive lot: 12, Cross Plains, WI 53528

    $179,900
    0.32 AC lot

    Land for sale in proposed golf course community.

    View details
    Corner Lot on Shelbyville Road
    Corner Lot on Shelbyville Road

    5133 Gray Road, Indianapolis, IN 46237

    $1,350,000
    8.21 AC lot

    Large corner lot suitable for various developments with approvals.

    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.

    708 Greenwood Ave
    Specialty properties

    708 Greenwood Ave, Waukegan, IL 60087

    Value Estimation by Request
    View details

    Waukegan, IL Schools Market Trends and Statistics

    Explore 4 schools for sale in Waukegan, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 14,001 square feet of properties for sale, with an estimated market value of $650,000.

    Sale prices for school buildings & campuses in Waukegan, IL start at $0.00, averaging $216,666, and reaching up to $650,000 — 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

    Churches & religious facilities 9
    NNN properties 3
    Schools 3
    1031 exchange properties 1
    Day care centers 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 $469K
    60087 $650K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Waukegan fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Waukegan, IL

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    • 60087

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