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    2603-2709 Grand Ave Waukegan, IL 60085

    For Sale
    Contact for pricing

    Retail and office spaces available in Waukegan shopping center.

    Property size:
    66,345 SF

    Property Features for 2603-2709 Grand Ave

    General Information

    Size
    66,345 SF

    Source: Wayne Caplan Agent Wayne Caplan

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

    Overview

    Retail Spaces on Grand Avenue

    Located on Grand Avenue (IL 132) in Waukegan, IL, this neighborhood shopping center offers spaces ranging from 3,920 to 5,297 square feet. The property is shadow-anchored by Lewis Foods Supermarket and benefits from high visibility on Grand Avenue, with a traffic count exceeding 27,000 vehicles per day. Existing tenants include Dollar General, Talecris Plasma Resources, Rent-A-Center, Dotty's Cafe, and H&R Block. Spaces are available in Vanilla Box condition, suitable for retail or office use. A second-generation restaurant space and a former bank facility are also available. Recent leases have been signed with CM Chicken and Serenity Home Health Services. The property features building pylon and a large digital billboard signage on Grand Ave. Douglas Center is positioned on Grand Avenue (IL Rt. 132), a primary retail and commercial corridor in Waukegan, with proximity to major retailers, I-94, I-41, Green Bay Road, and downtown Waukegan. The shopping center has a total area of approximately 66,000 SF.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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

    Club De Nutricon Y Ejeecicios, Grand Plaza East, Coin Cloud Bitcoin ATM, Douglas Center, Lewis Plaza

    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 and office spaces available in Waukegan shopping center.
    Where is this shopping center located?
    The property is located at 2603-2709 Grand Ave Waukegan, IL.
    What is the asking price?
    The asking price for this property is $15.
    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.; - Shadow anchored by a 70,000 SF Lewis Foods Supermarket.; - **Pylon and large digital billboard signage available** on Grand Ave.
    (312) 529-5791
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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
    2603-2709 Grand Ave Waukegan, IL 60085
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