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226 S Sheridan Rd 3,700 SF Retail Building Waukegan, IL 60085 For Sale
Investment Highlights
- Freestanding 3,700 SF office/retail space on almost one acre across three parcels.
- High-visibility corner with 273 feet of frontage along Belvidere Road and 188 feet along S. Sheridan Road.
- Positioned near major roadways with traffic counts up to 19,800 vehicles per day and easy access to Chicago Rockford International Airport.
- 39 dedicated parking spaces for customer and staff convenience.
- Proximity to Great Lakes Naval Station, Six Flags Great America, and Gurnee Mills Mall, driving steady traffic and business activity.
Executive Summary
This 3,700 SF free-standing office/retail property presents an outstanding ownership opportunity in the heart of Waukegan, Illinois. Occupying nearly one acre across three lots, the building offers exceptional visibility with extensive frontage on S. Sheridan Road and Belvidere Road—two well-traveled thoroughfares with daily traffic counts of 3,250 VPD and 19,800 VPD respectively. The site is supported by 39 on-site parking spaces, ensuring ease of access for customers, employees, and visitors.
Located less than four miles from the Great Lakes Naval Station, the property benefits from a steady employment base and strong daytime population drivers. Nearby attractions include Six Flags Great America and Gurnee Mills Mall, positioned just minutes away, expanding the trade area draw. Key retail brands are located close by, reinforcing consumer traffic and neighborhood vitality. The property is also conveniently positioned within 33 miles of Chicago Rockford International Airport, adding logistical efficiency for regional connectivity.
With generous frontage, strong roadway visibility, and a surrounding population exceeding 146,000 within a five-mile radius, this property is an excellent candidate for a business owner or investor seeking a stable, well-located asset.
Located less than four miles from the Great Lakes Naval Station, the property benefits from a steady employment base and strong daytime population drivers. Nearby attractions include Six Flags Great America and Gurnee Mills Mall, positioned just minutes away, expanding the trade area draw. Key retail brands are located close by, reinforcing consumer traffic and neighborhood vitality. The property is also conveniently positioned within 33 miles of Chicago Rockford International Airport, adding logistical efficiency for regional connectivity.
With generous frontage, strong roadway visibility, and a surrounding population exceeding 146,000 within a five-mile radius, this property is an excellent candidate for a business owner or investor seeking a stable, well-located asset.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,700 SF
Building Class
C
Year Built
1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
B-3 - The B3 District allows a wide range of commercial, institutional, and limited residential uses primarily along major arterial roads.
Parking
39 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-28-205-016 | Improvements Assessment | $126,093 |
| Land Assessment | $31,270 | Total Assessment | $157,363 |
Property Taxes
Parcel Number
08-28-205-016
Land Assessment
$31,270
Improvements Assessment
$126,093
Total Assessment
$157,363
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226 S Sheridan Rd
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