05/15/2026
$๐๐,๐๐๐ ๐๐๐๐๐ ๐๐๐๐ ๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐! ๐ฅ
This is not just a price update. This is a serious opportunity for investors, business owners, operators, and visionaries looking for a commercial space with size, visibility, parking, flexibility, and move-in-ready infrastructure.
1301 S Lewis Ave, Waukegan, IL 60085 is now offered at:
NEW PRICE: $1,550,000
Previously: $1,600,000
That is a $50,000 price reduction.
You can also LEASE THE ENTIRE PROPERTY at $10.00/SQ FT annually.
And when we say this property has potential, we mean it.
This is a 26,000 sq ft commercial building sitting on nearly 3 acres of prime Waukegan real estate, with a freshly striped 60-space parking lot and approximately 350 feet of frontage along South Lewis Avenue, where thousands of vehicles pass daily. That means your business does not just sit in a location. It gets seen.
Step inside and you will immediately understand why this property is different. Originally built as a grocery store and later transformed into a fully operational multi-use commercial facility, this building has been maintained, improved, and kept current by an owner who clearly cared about every detail.
Inside, you will find:
Approximately 11 private offices for administration, coaching, counseling, therapy, management, classes, or staff operations.
Two massive open training areas, including one that measures approximately 77'6" x 62' and another approximately 50'10" x 63'10". These spaces are wide, bright, clean, and ready for a business that needs room to move, gather, train, teach, perform, or grow.
A full commercial kitchen, giving future operators more possibilities for food service, events, staff use, school use, ministry use, or community programming.
Six restrooms total, with ADA-compliant hallways and bathrooms updated in 2019.
Showers already on-site, making this an incredible setup for a gym, fitness center, wrestling academy, martial arts school, training facility, athletic program, or wellness-based business.
A warehouse and loading dock area with three loading docks, one drive-in door, and generous storage space for equipment, inventory, supplies, deliveries, or operational needs.
A private fenced outdoor space with a picnic area, ideal for outdoor training, team gatherings, student breaks, congregation events, staff use, or additional program space.
And the updates matter. This property already has:
New rooftop HVAC installed in 2020
Energy-efficient LED lighting upgraded throughout in 2020
New water heaters
Full fire safety sprinkler system
Updated rooms throughout
ADA-compliant improvements
Current city compliance
In other words, this is not a property where you are walking into endless renovation headaches. This is a space where much of the heavy lifting has already been done.
The possibilities are huge:
Fitness center
Boxing gym
Wrestling academy
Martial arts dojo
Dog training facility
School or learning center
Church or worship center
Community facility
Event or training venue
Corporate office with warehouse support
Medical, therapy, or wellness center
Nonprofit headquarters
Large-scale business operation
Big buildings are one thing.
Big buildings with parking, visibility, loading access, offices, showers, kitchen, restrooms, outdoor space, and updated systems are much harder to find.
That is what makes this one special.
Now with a $50,000 price drop, this opportunity just became even stronger.
๐ 1301 S Lewis Ave, Waukegan, IL 60085
๐ฐ New Price: $1,550,000
โฌ๏ธ Reduced from $1,600,000 โ a $50,000 drop
๐ Lease Option: $10.00/SQ FT annually
๐ข 26,000 sq ft building
๐ณ Nearly 3 acres
๐ 60-space parking lot
Listed by: Alyssa Pimentel
๐ (847) 977-1940
This is the kind of commercial property that can become the foundation for something much bigger. The price has moved. The opportunity is here. Now is the time to take a serious look.
