651 S Martin Luther King Jr Avenue Waukegan, IL ^$ 1,900,000

651 S Martin Luther King Jr Avenue

^$ 1,900,000

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Recently Listed

651 S Martin Luther King Jr Avenue

Waukegan, IL, 60085

^$ 1,900,000

Bedrooms-- Baths-- Sq 86,000

Monthly Estimate*

^$ 11,699

651 S Martin Luther King Jr Avenue, Waukegan, IL 60085 - Image 1

651 S Martin Luther King Jr Avenue, Waukegan, IL 60085 - Image 2

651 S Martin Luther King Jr Avenue, Waukegan, IL 60085 - Image 3

651 S Martin Luther King Jr Avenue, Waukegan, IL 60085 - Image 4

Commercial Property for sale in Waukegan, IL

for $1,900,000. This 86,000 square foot building was built in 1956.

89,000 sq foot warehouse with ample parking and office space. This versatile building features high ceilings, large loading docks, and on-site parking for over 240 cars. Perfect for distribution, manufacturing, or storage, the property is equipped with multiple offices that have large windows, allowing for plenty of natural sunlight. The building is fully conditioned with heating and a sprinkler system.

Commercial Active

Price

^$ 1,900,000

Property Type

Commercial

Taxes

^$ 23,661

Style

Year Built

1956

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12545444

Features

General

Cooling Central Air

Zoning WRHSE

Year Built 1956

Electric Circuit Breakers Power - 480V Three Phase Other Four Phase

Tenant Pays Varies by Tenant

Stories Count 2

Property Subtype Warehouse

Tax Year 2023

Gross Income 0

County Lake

Net Operating Income 0

Operating Expense 0

Property Type Commercial Sale Industrial

Status New

Directions Drive S on MLK to Location.

City Waukegan

MLS Area Park City / Waukegan

Lot Size Square Feet 0

Tax Annual Amount 23661

Additional Parcels Y/N Y

Leasable Area 89581

Lease Type N/A

Standard Status Active

Exterior

Building Area Total 86000

Lot Dimensions 3 ACRES

* Excluded Features

List By

Millennium Properties Re, Inc.

Broker

bthompson@mpirealestate.com

Affordability Calculator

$13,670

Per Month

Monthly Principal & Interest: $11,699
Monthly Property Taxes: $1,972
Monthly Home Insurance: --

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Down Payment

Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 ^$628,680

Percent of Sale Price 67%

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
1/12/2026	$1,900,000		Listed Price

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651 S Martin Luther King Jr Avenue, Waukegan, IL, 60085 is a Commercial Property for sale at $1,900,000 with 86,000 sqft. 651 S Martin Luther King Jr Avenue was built in 1956. 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 6.25% 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.

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Data is updated as of 1/13/2026.

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651 S Martin Luther King Jr Avenue

Commercial Property for sale in Waukegan, IL

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