509 May Street Waukegan, IL ^$ 175,000

509 May Street

^$ 175,000

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509 May Street

Waukegan, IL, 60085

^$ 175,000

Bedrooms-- Baths-- Sq 3,600

Monthly Estimate*

^$ 1,092

509 May Street, Waukegan, IL 60085 - Image 1

Commercial Property for sale in Waukegan, IL

for $175,000. This 3,600 square foot building was built on a lot size of 0.296143.

Formerly home to a well-known mechanic and body shop, but with current zoning changes, this versatile commercial building is packed with potential. The main level features a spacious, open shop floor with ample room for multiple vehicles and workstations, along with an existing paint booth ready for use. There's a dedicated office space on the main floor, as well as an upstairs area for storage or future expansion. The lot is fully fenced with ample storage and parking space. Located in a high-visibility area with easy access, this property is perfect for automotive use or a variety of other commercial purposes-a great opportunity to own a functional, well-located space with room to grow.

Commercial Active

Price

^$ 175,000

Property Type

Commercial

Taxes

^$ 3,626

Style

Auto Service

Lot Size

0.296143

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12423121

Features

General

Cooling None

Possession Closing

Zoning COMMR

Stories Count 2

Tax Year 2024

Business Type Auto Service

County Lake

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Status Active

Directions Head E on Belvidere Rd S on McCalister Ave E on May St

City Waukegan

MLS Area Park City / Waukegan

Lot Size Square Feet 12900

Tax Annual Amount 3626

Additional Parcels Y/N Y

Standard Status Active

Exterior

Building Area Total 3600

Lot Dimensions 12900

* Excluded Features

List By

Homesmart Connect Llc

Broker

lance@betterviewproperties.com

Affordability Calculator

$1,394

Per Month

Monthly Principal & Interest: $1,092
Monthly Property Taxes: $302
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Waukegan, IL

Average List Price ^$584,725

Percent of Sale Price 234%

About Waukegan, IL

89,653 Population

1% Since 2002

^$47,241 Median Income

33.6 Median Age

41% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/17/2025	$175,000		Listed Price

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509 May Street, Waukegan, IL, 60085 is a Commercial Property for sale at $175,000 with 3,600 sqft and a lot size of 0.296143. The property's zip code is 60085 which is in Waukegan, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

http://www.mredllc.com/comms/resources/DMCA_Notice.pdf

Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/13/2025.

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509 May Street

Commercial Property for sale in Waukegan, IL

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