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Listing provided courtesy of HomeSmart Connect LLCMREDas Distributed by MLSGrid- MLS# 12423121MLS Provider

509 May StreetWaukegan, IL 60085

Commercial · 3,600 Sq. ft.
$175,000 Active

509 May Street Overview

Time on Site:
348 days
Visits:
38

Formerly home to a well-known mechanic and body shop, but with current zoning changes, this versatile commercial building is packed with potential. The main level features a spacious, open shop floor with ample room for multiple vehicles and workstations, along with an existing paint booth ready for use. There's a dedicated office space on the main floor, as well as an upstairs area for storage or future expansion. The lot is fully fenced with ample storage and parking space. Located in a high-visibility area with easy access, this property is perfect for automotive use or a variety of other commercial purposes-a great opportunity to own a functional, well-located space with room to grow.

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509 May Street Facts & Features

  • Type Commercial
  • Sq. ft. 3,600
  • Price/Sq.ft. $49

Details

General

Income/Expenses

  • Operating Expense: 0

Business Information

  • Business Type: Auto Service

Location/Region

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

Tax Information

  • Tax Annual Amount: $3,626.00
  • Tax Year: 2024

General Information

  • Parcel Number: 08283110900000
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3600

General Information

  • Cooling: None
  • Stories: 2

Unit Information

  • Unit SqFt.: 12900

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 12900
  • Lot Size Square Feet: 12900

509 May Street 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.

509 May Street Monthly Cost

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$ %
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$
$
Eric Nowik
* 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.

509 May Street 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

509 May Street History

Date Event Value Agent
12/6/2025Source: MRED Status Change
Active
12/1/2025Source: MRED Status Change
Re-activated
8/11/2025Source: MRED Status Change
Contingent
8/6/2025Source: MRED Status Change
Active
7/31/2025Source: MRED Status Change
Re-activated
7/31/2025Source: MRED Added to Database
July 17, 2025
7/31/2025Source: MRED Status Change
Active
7/31/2025Source: MRED Status Change
Contingent