Retail Shopping Center on Route
For Sale
Contact for pricing
422-484 Green Bay Road, Waukegan, IL 60085
Multi-tenant retail center with 15 demised units, 126 parking spaces, and major retailers within a half-mile radius.
Property SizeContact for details
Days on Market122
Property Features for 422-484 Green Bay Road
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SVN | Chicago Commercial
(630) 567-3705
Listed By:
Daniel Vanchieri · License #IL 475171682
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 6:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago Commercial
Investment Insights
Based on property information with market context.
Bay Ridge Court is a multi-tenant shopping center built in 1991 with a Spanish architectural influence. The property spans 2.6 acres and offers 27,687 SF of retail space with 15 demised units supporting 11 tenants, ranging from 1,120 SF to 5,980 SF. The center provides 126 parking spaces and is currently 84.51% occupied.
Located on Green Bay Road (also known as Route 131), the center benefits from proximity to major retailers including McDonald’s, Walgreens, and Fifth Third Bank within a half mile. It sits near several car dealerships and is adjacent to a residential area that includes apartment buildings and other retailers. The property is approximately four miles east of I-94 and three miles west of Lake Michigan, with reported vehicle counts of 32,000 per day along Green Bay Road.
The offering includes an in-place NOI of $237,496, reflecting a 9.69% cap rate based on provided information, with remaining occupancy presenting an opportunity for additional leasing.
Located on Green Bay Road (also known as Route 131), the center benefits from proximity to major retailers including McDonald’s, Walgreens, and Fifth Third Bank within a half mile. It sits near several car dealerships and is adjacent to a residential area that includes apartment buildings and other retailers. The property is approximately four miles east of I-94 and three miles west of Lake Michigan, with reported vehicle counts of 32,000 per day along Green Bay Road.
The offering includes an in-place NOI of $237,496, reflecting a 9.69% cap rate based on provided information, with remaining occupancy presenting an opportunity for additional leasing.
Key Highlights
- Multi‑tenant retail center on 2.6 acres with 27,687 SF of retail space
- 15 demised units housing 11 tenants with unit sizes ranging from 1,120 SF to 5,980 SF
- Built in 1991 with 126 parking spaces on site
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
121k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 42%
Hotels & Casinos 1%
McDonald's
Dining
34,133 visits/mo
0.3 miles
Thorntons
Shops & Services
20,694 visits/mo
0.3 miles
Dollar Tree
Shops & Services
17,513 visits/mo
0.5 miles
Starbucks
Dining
17,344 visits/mo
0.4 miles
Shell
Shops & Services
10,420 visits/mo
0.5 miles
Demographics for 60085, IL
71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with 15 demised units, 126 parking spaces, and major retailers within a half-mile radius.
Where is this shopping center located?
The property is located at 422-484 Green Bay Road Waukegan, IL.
What are key features of this property?
This property features: Multi‑tenant retail center on 2.6 acres with 27,687 SF of retail space; 15 demised units housing 11 tenants with unit sizes ranging from 1,120 SF to 5,980 SF; Built in 1991 with 126 parking spaces on site
