622-628 Grand Avenue Waukegan, IL ^$ 949,000

622-628 Grand Avenue

^$ 949,000

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Recently Listed

622-628 Grand Avenue

Waukegan, IL, 60085

^$ 949,000

Bedrooms-- Baths-- Sq 6,482

Monthly Estimate*

^$ 6,555

622-628 Grand Avenue, Waukegan, IL 60085 - Image 1

622-628 Grand Avenue, Waukegan, IL 60085 - Image 2

622-628 Grand Avenue, Waukegan, IL 60085 - Image 3

Commercial Property for sale in Waukegan, IL

for $949,000. This 6,482 square foot building was built in 1992 on a lot size of 0.665748.

Attractive corner strip center in search of new owner after 18 years. Located on one of the main roads, convenient to both neighborhood foot traffic and a car traffic count of more than 8400 VPD. Tenants Include: 1) Papa Marcos Grill - one of the area's best known food establishments, tenant since 2012. 2) Meat Market & Groceries - Tenant since 1997. 3) Smoke City & Ice Cream Shop - the newest addition for the past 3 years.

Commercial Active

Price

^$ 949,000

Property Type

Commercial

Taxes

^$ 17,374

Style

Retail

Lot Size

0.665748

Year Built

1992

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12779144

Features

General

Cooling Central Individual

Zoning COMMR

Construction Materials Steel Siding Vinyl Siding

Year Built 1992

Electric Circuit Breakers

Stories Count 1

Tax Year 2025

Current Use Commercial

Business Type Retail

Assoc Fee Paid Per Not Applicable

County Lake

Net Operating Income 0

Property Type Commercial Sale Retail/Stores

Status New

Directions Grand & Jackson E to # on north side. NEC of Grand Ave. and Ash St.

City Waukegan

Number Of Units Total 4

MLS Area Park City / Waukegan

Lot Size Square Feet 29000

Tax Annual Amount 17374

Additional Parcels Y/N N

Leasable Area 0

Standard Status Active

Cap Rate 7.5

Exterior

Building Area Total 6482

Lot Dimensions 192x99x148x224

Frontage Type City Street

* Excluded Features

List By

Callahan Blandings & Schaper

Broker

jprealtor63@gmail.com

Affordability Calculator

$8,002

Per Month

Monthly Principal & Interest: $6,555
Monthly Property Taxes: $1,448
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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 ^$748,595

Percent of Sale Price 21%

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
10/7/2026	$949,000		Listed Price

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622-628 Grand Avenue, Waukegan, IL, 60085 is a Commercial Property for sale at $949,000 with 6,482 sqft and a lot size of 0.665748. 622-628 Grand Avenue was built in 1992. 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 7.375% 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.

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Data is updated as of 10/11/2026.

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622-628 Grand Avenue

Commercial Property for sale in Waukegan, IL

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