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    2603 Grand Ave Waukegan, IL 60085

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    For Lease
    $15 SF/Yr

    Retail spaces available in neighborhood shopping center on Grand Ave.

    Property Features for 2603 Grand Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1972

    Source: SPERRY VAN NESS Agent WAYNE CAPLAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Waukegan Center

    Located on Grand Avenue in Waukegan, IL, this neighborhood shopping center offers spaces for rent. The property is shadow-anchored by Lewis Foods Supermarket and benefits from high visibility and a traffic count exceeding 27,000 vehicles per day. Signage opportunities include building, pylon, and a large digital billboard on Grand Avenue. Available spaces, already in vanilla box condition, include 1326, 3920, and 5297 square feet options suitable for retail or office use. The center currently hosts tenants such as Dollar General, Talecris Plasma Resources, Rent-A-Center, Dotty's Cafe, and H R Block. The available spaces include two 2nd generation restaurant spaces, a former financial services office, and a former bank facility. The shopping center has approximately 66,000 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Randall Masonry & Tuckpointing Masonry Contractor dr.parreno . Medical Clinic Serenity Home Healthcare, ... Home Health Care Service ATM (ATM Link, ... Atm Dotty's Gambling House

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8656566
    Latitude
    42.369495

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in neighborhood shopping center on Grand Ave.
    Where is this shopping center located?
    The property is located at 2603 Grand Ave Waukegan, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Grand Ave (IL 132) with over 27,000 vehicles per day.; - Located in an established 66,000 SF neighborhood shopping center.; - Shadow-anchored by Lewis Foods Supermarket.
    (312) 676-1866
    Request Owner's contact information
    2603 Grand Ave Waukegan, IL 60085
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    Waukegan, IL 60085
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2603 Grand Ave Waukegan, IL 60085
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