Listing provided courtesy of CompassMREDas Distributed by MLSGrid- MLS# 12628588MLS Provider

1301 S Lewis AvenueWaukegan, IL 60085

Commercial · 26,000 Sq. ft.
$1,550,000 Active

1301 S Lewis Avenue Overview

Time on Site:
67 days
Visits:
2

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.

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1301 S Lewis Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 26,000
  • Price/Sq.ft. $60

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Modified Gross
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1983

Business Information

  • Current Use: Commercial,Other

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Park City / Waukegan
  • Township: Waukegan

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $33,300.54
  • Tax Year: 2025

General Information

  • Parcel Number: 08322140150000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 26000

General Information

  • Cooling: Central Air
  • Electric: Other
  • Leasable Area: 26000
  • Stories: 1

Unit Information

  • Unit SqFt.: 26000

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 322 X 330
  • Lot Size Square Feet: 126913

Building Exterior/Construction

  • Construction Materials: Brick, Block

1301 S Lewis Avenue Neighborhood

Community

60085 (WAUKEGAN) Demographics

32
Median Age
4,499
Population Density (per sq. mile)
23%
College Educated
$48,435
Estimated Median Income
10,174
Estimated Total Home Owners
13,807
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1301 S Lewis Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1301 S Lewis Avenue Market Data

Based on the last 30 days in this zip code

$270,816
Average List Price
$178
Average Price per Square Foot
22
Properties Sold
39
Average Days on Market
64
Properties for Sale
Calculations provided by Reliance Network

1301 S Lewis Avenue History

Date Event Value Agent
5/19/2026Source: MRED Status Change
Active
5/14/2026Source: MRED Price Reduction
$1,550,000 -3.1%
5/14/2026Source: MRED Status Change
Price Change
4/29/2026Source: MRED Status Change
Active
4/24/2026Source: MRED Added to Database
April 24, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022
4/20/2022Source: MRED Status Change
Closed
3/18/2022Source: MRED Status Change
Pending
2/7/2022Source: MRED Status Change
Active