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1301 S Lewis Avenue, Waukegan, IL 60085

Lake County

Key Facts

26,000Sq Ft
1983Year Built
1Stories

Description

BUY IT ALL FOR 1,550,000 OR LEASE EVERYTHING AT 10.00 SQ FT. ANNUALLY! This is the one you've been waiting for - and there is nothing like it on the market. From the moment you pull into the freshly striped, 60-space parking lot and take in the sheer scale of this 26,000 square foot building sitting on nearly 3 acres of prime Waukegan real estate, you'll understand immediately - this is not just a property. This is a platform for something great. Originally built as a grocery store and thoughtfully transformed over the years into a fully operational, multi-use commercial facility, 1301 S. Lewis Avenue has been meticulously maintained and remodeled by its current owner - someone who clearly took pride in every single square foot. New water heaters. Updated rooms throughout. Everything current and compliant with the City. Walk in ready to operate, not ready to renovate. Step inside and the first thing you notice is the light - energy-efficient LED panels installed throughout in 2020 flood every corridor, open workspace, and private office with bright, clean illumination. The reception area welcomes you with polished floors, fresh finishes, and a layout that immediately communicates professionalism. From there, the building unfolds into something truly special. There are approximately 11 private offices for administrative, coaching, counseling, or instructional use - but the offices are just the beginning. The real showstoppers are the two enormous open training areas that will take your breath away the moment you walk in. The first measures an incredible 77'6" x 62' - a cavernous, expanse of pure usable space. The second comes in at 50'10" x 63'10" - equally commanding, equally versatile. Whether you're envisioning a full-scale fitness floor, a competition-grade wrestling mat, a martial arts training hall, a sanctuary for worship, or a classroom environment for dozens of students - these rooms don't just accommodate your vision, they elevate it. Both spaces are bright, clean, and move-in ready. Beyond the training areas, the building delivers everything an operator needs to run a first-class facility. A full commercial kitchen. ADA-compliant hallways and bathrooms throughout - updated in 2019 and fully current. Six restrooms total, serving staff and guests with ease. And here's what will stop every fitness entrepreneur in their tracks - showers are already on-site and ready to go. The current owner operated an immaculately maintained dog training facility here, and they did not cut corners on a single thing. The plumbing is in place, the infrastructure is dialed in, and for anyone dreaming of opening a gym, a wrestling academy, a martial arts dojo, or a fitness center - you are not starting from scratch. You are steps away from the finish line. Out back, the warehouse and loading dock area provides serious operational muscle - three loading docks, one drive-in door, and generous storage space that most facilities in this price range simply cannot offer. And when it's time to step outside, the private fenced outdoor space with a picnic area offers a rare amenity - a peaceful, secured outdoor environment perfect for team gatherings, outdoor training, student recess, congregation events, or simply a place for your staff and clients to breathe. The infrastructure matches the ambition at every turn. A full fire safety sprinkler system is in place. New rooftop HVAC was installed in 2020. Energy-efficient LED lighting was upgraded throughout in 2020. New water heaters have been installed. Everything has been brought current and kept current - this owner did not let a single thing slide. Location? It doesn't get more connected than this. With 350 feet of frontage along South Lewis Avenue, where 10,100 vehicles pass every single day, your presence will be felt before anyone even walks through the door. Direct access to I-94 puts you 40 miles from downtown Chicago. The North Chicago Metra station is just 1.5 miles away.

Property Information

Property Type

Commercial Sale

Sub-Type

Retail

Year Built

1983

Stories

1

Living Area

26,000 sq ft

Lot Size

126,913 sq ft

Lot Dimensions

322 X 330

Zoning

COMMR

Days on Market

28

MLS® Listing#

12628588

Property Features

Cooling

Central Air

Construction

BrickBlock

Financial Details

Annual Taxes

$33,301

Tax year 2025

Parcel Number

08322140150000

Directions

North of 14th South of 11th on Lewis Ave

Affordability Calculator

$310,000

Estimated monthly payment

$8,250/mo

Principal $1,240,000 · Est. interest $1,729,910 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Waukegan, IL

$289,655
Median Listing Price
25
Median Days on Market
1,570
Median Sq Ft
$188
Median Price / Sq Ft
42
Active Listings
  • This home’s price is 435% above the area median.
  • Its price per sq ft is 68% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Waukegan, IL.

Location

  • 1301 S Lewis Avenue, Waukegan, IL 60085

Points of Interest in Waukegan, IL

Showing the Waukegan area map.

Nearby Schools

  • Novak-King Middle School

    School · 0.3 mi away

  • Lyon Magnet School

    Elementary · 0.6 mi away

  • North Chicago Community High School

    Secondary · 0.6 mi away

  • AJ Katzenmaier Academy

    School · 0.8 mi away

  • Evelyn Alexander School

    Elementary · 0.8 mi away

  • Neal Math Science Academy

    School · 0.8 mi away

  • John R. Lewis Middle School

    Secondary · 0.8 mi away

  • North Chicago Cusd

    School · 0.9 mi away

  • Green Bay School

    School · 1.2 mi away

  • Carman-Buckner Elementary School

    Elementary · 1.3 mi away

  • South Elementary School

    Elementary · 1.4 mi away

  • Learn 10 Campus North Chicago

    Elementary · 1.4 mi away

  • Washington Elementary School

    Elementary · 1.5 mi away

  • St Martin de Porres High School

    Secondary · 1.6 mi away

  • Cristo Rey St Martin College Prep

    School · 1.6 mi away

  • AOEC Stephens' Center

    School · 1.6 mi away

  • Andrew Cooke Magnet School

    Elementary · 1.6 mi away

  • Waukegan High School

    Secondary · 1.7 mi away

  • Miguel Juarez Middle School

    Secondary · 1.9 mi away

  • Waukegan High School

    Secondary · 2.0 mi away

Commute Calculator

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
1400 Sunset Avenue, Waukegan, IL$1,100,00011,784
2424 Washington Street, Waukegan, IL$1,350,00032,305
2424 Washington Street, Waukegan, IL$1,350,00032,305
712 S Green Bay Road, Waukegan, IL$1,750,0003,000
4045 York House Road, Waukegan, IL$1,800,000
651 S Martin Luther King Jr Avenue, Waukegan, IL$1,900,00086,000

Moving Cost Estimate

EXIT Agents in Waukegan

Midwest Real Estate Data logo

Listing Courtesy: Compass - 8473183718

Based on information submitted to the MLS GRID as of 2026-04-24. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-04-24

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Mainstreet Organization of Realtors. MLS® Listing#12628588. © 2026EXIT Realty®. All rights reserved.