1508 Washington Street Waukegan, IL ^$ 330,000

1508 Washington Street

^$ 330,000

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Recently Listed

1508 Washington Street

Waukegan, IL, 60085

^$ 330,000

Bedrooms-- Baths-- Sq 2,300

Monthly Estimate*

^$ 2,032

Commercial Property for sale in Waukegan, IL

for $330,000. This 2,300 square foot building was built on a lot size of 0.114784.

Single Building restaurant for sale. Currently Leased and Operating. Sits on high traffic area with lots of visibility.

Commercial Active

Price

^$ 330,000

Property Type

Commercial

Taxes

^$ 5,160

Style

Restaurant

Lot Size

0.114784

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12557913

Features

General

Cooling Central Air

Possession Closing Negotiable Tenant's Rights

Roof Rubber

Zoning OTHER

Construction Materials Block

Electric Service - 101 to 200 Amps

Tenant Pays Varies by Tenant

Stories Count 1

Tax Year 2024

Current Use Commercial

Business Type Restaurant

County Lake

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Possible Use Commercial

Status New

Directions WASHINGTON & LEWIS EAST TO PROPERTY.

City Waukegan

MLS Area Park City / Waukegan

Lot Size Square Feet 5000

Tax Annual Amount 5160

Additional Parcels Y/N N

Lease Type N/A

Standard Status Active

Ownership Type Individual

Exterior

Water Source Municipal Water

Building Area Total 2300

Lot Dimensions 50 X 100

Frontage Type City Street

Waterfront Y/N N

* Excluded Features

List By

Netgar Investments Inc

Broker

porfiriogarciaf@hotmail.com;porfiriogarciaf@yahoo.com

Affordability Calculator

$2,462

Per Month

Monthly Principal & Interest: $2,032
Monthly Property Taxes: $430
Monthly Home Insurance: --

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Interest Rate

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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 ^$775,913

Percent of Sale Price 135%

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
2/25/2026	$330,000		Listed Price

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1508 Washington Street, Waukegan, IL, 60085 is a Commercial Property for sale at $330,000 with 2,300 sqft and a lot size of 0.114784. 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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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 2/26/2026.

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1508 Washington Street

Commercial Property for sale in Waukegan, IL

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