311 Waukegan Avenue Highwood, IL ^$ 250,000

311 Waukegan Avenue

^$ 250,000

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Recently Listed

311 Waukegan Avenue

Highwood, IL, 60040

^$ 250,000

Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

^$ 1,727

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311 Waukegan Avenue, Highwood, IL 60040 - Image 10

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Commercial Property for sale in Highwood, IL

for $250,000. This 5,000 square foot building was built on a lot size of 0.114784.

Turnkey Restaurant (Business Sale Only) Opportunity in Downtown Highwood! Fantastic opportunity to own an established, turnkey restaurant business in the heart of Highwood! Located in a vibrant downtown area, this restaurant offers spacious dining areas, and an inviting outdoor patio perfect for additional seating and seasonal dining. Interior features ample seating with booths and tables, a dedicated bar area, and a fully equipped commercial kitchen. All restaurant features and trade fixtures are included in the sale, offering a great opportunity for a new owner to step in and continue operations or bring their own restaurant concept to life. Schedule your private showing today! Showings: 8-9am Monday - Thursday

Commercial Active

Price

^$ 250,000

Property Type

Commercial

Taxes

^$ 0

Style

Food & Beverage,Grocery

Lot Size

0.114784

Town/City

Highwood

County/Region

Lake

MLS | Web ID

12802213

Features

General

Cooling Central Air

Possession Negotiable

Roof Rubber

Zoning COMMR

Construction Materials Brick

Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Operating Stops Taxes Insurance Repairs Roof Scavenger Structure Tax Stops Sewer Other

Stories Count 1

Tax Year 2025

Current Use Commercial

Business Type Food & Beverage Grocery

Business Name G & G SPANISH AMERICAN GROCERY

County Lake

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Status Active

Directions Green Bay Rd to Highwood Ave East Over Tracks to Waukegan Ave North to Number 311

City Highwood

MLS Area Highwood

Lot Size Square Feet 5000

Tax Annual Amount 0

Additional Parcels Y/N N

Lease Type N/A

Standard Status Active

Exterior

Building Area Total 5000

Lot Dimensions 50 X 100

Frontage Type City Street Frontage Road Public Road

Waterfront Y/N N

* Excluded Features

List By

Netgar Investments Inc

Broker

Stephaniehomeguide@gmail.com

Affordability Calculator

$1,727

Per Month

Monthly Principal & Interest: $1,727
Monthly Property Taxes: --
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 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 Highwood, IL

Average List Price ^$820,000

Percent of Sale Price 228%

About Highwood, IL

5,478 Population

32% Since 2002

^$54,880 Median Income

35.96 Median Age

37% 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
11/6/2026	$250,000		Listed Price

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311 Waukegan Avenue, Highwood, IL, 60040 is a Commercial Property for sale at $250,000 with 5,000 sqft and a lot size of 0.114784. The property's zip code is 60040 which is in Highwood, 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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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 11/14/2026.

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311 Waukegan Avenue

Commercial Property for sale in Highwood, IL

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