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    3123 N Lewis Ave Waukegan, IL 60087

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    For Lease
    Contact for pricing

    Retail space adjacent to Target-anchored strip center in Waukegan, IL.

    Property size:
    1,218 SF
    Lot size:
    1.21 Acres

    Property Features for 3123 N Lewis Ave

    General Information

    Size
    1,218 SF
    Lot size
    1.21 Acres

    Source: Horizon Realty & Management Agent Ilija Pod

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

    Overview

    Retail Space Near Target Center

    This 1,218 square foot retail space is located adjacent to an 18,000 square foot Target-anchored strip center. The property benefits from a high population density, with over 150,000 residents within a 5-mile radius. Situated within the Chicago MSA, the location boasts average household incomes exceeding $80,000 within a 1-mile radius. The property is currently leased to a mix of nationally recognized tenants, including BMO Harris Bank, T-Mobile, and Total Renal Care Inc.
    Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8543583
    Latitude
    42.4091699

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    FAQs

    What type of property is this?
    Strip mall - Retail space adjacent to Target-anchored strip center in Waukegan, IL.
    Where is this strip mall located?
    The property is located at 3123 N Lewis Ave Waukegan, IL.
    What are key features of this property?
    This property features: - Adjacent to 18,000 SF Target anchored strip center; - High population density - over 150K residents within a 5 mile radius; - Located within the Chicago MSA
    (312) 217-4655
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    3123 N Lewis Ave Waukegan, IL 60087
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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
    3123 N Lewis Ave Waukegan, IL 60087
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