220 N Sheridan Road Waukegan, IL ^$ 2,000,000

220 N Sheridan Road

^$ 2,000,000

Back to search

Recently Listed

220 N Sheridan Road

Waukegan, IL, 60085

^$ 2,000,000

Bedrooms-- Baths-- Sq 40,000

Monthly Estimate*

^$ 12,314

220 N Sheridan Road, Waukegan, IL 60085 - Image 1

Commercial Property for sale in Waukegan, IL

for $2,000,000. This 40,000 square foot building was built in 1923 on a lot size of 0.242585.

HISTORIC WAUKEGAN MASONIC TEMPLE FOR SALE! Incredible opportunity to bring your vision to this one-of-a-kind historic landmark offering approximately 40,000 square feet in the heart of Waukegan. This special property features multiple expansive gathering spaces, a stunning Grand Ballroom, reception areas, and endless possibilities for redevelopment, events, mixed-use, commercial, or creative space. Ideally located on Sheridan Road with views of Lake Michigan, this iconic building is just steps from the Genesee Theatre, shopping, restaurants, and transportation. Situated within both the TIF District and the Illinois Enterprise Zone, this property offers outstanding potential for investors, developers, and visionary owners looking to restore and reposition a true historic treasure.

Commercial Active

Price

^$ 2,000,000

Property Type

Commercial

Taxes

^$ 27,313

Style

Lot Size

0.242585

Year Built

1923

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12610188

Features

General

Cooling None

Zoning OTHER

Construction Materials Concrete

Year Built 1923

Electric Circuit Breakers Separate Meters

Tenant Pays Other

Stories Count 3

Township Waukegan

Tax Year 2024

Gross Income 0

County Lake

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Status Active

Directions Grand & Sheridan Rd. South to Property (on West side of street)

City Waukegan

Number Of Units Total 0

MLS Area Park City / Waukegan

Lot Size Square Feet 10567

Tax Annual Amount 27313

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Interior

Flooring Marble Varies Wood

Exterior

Building Area Total 40000

Lot Dimensions 145 X 74 X 142 X 74

* Excluded Features

List By

Re/Max Plaza

Broker

greg@gregklemstein.com

Affordability Calculator

$14,590

Per Month

Monthly Principal & Interest: $12,314
Monthly Property Taxes: $2,276
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Waukegan, IL

Average List Price ^$813,063

Percent of Sale Price 59%

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
4/4/2026	$2,000,000		Listed Price

Map

More homes like this one

homes for you

See all

220 N Sheridan Road, Waukegan, IL, 60085 is a Commercial Property for sale at $2,000,000 with 40,000 sqft and a lot size of 0.242585. 220 N Sheridan Road was built in 1923. 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.

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 4/14/2026.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

220 N Sheridan Road

Commercial Property for sale in Waukegan, IL

Affordability Calculator

Map

More homes like this one

Get more info about this home