Neighborhood Retail Center Anchored by
2201 Grand Ave Waukegan, IL 60085
For Sale
Contact for pricing
Pending
Neighborhood shopping center anchored by Domino’s Pizza with frontage on Grand Avenue and several month-to-month gross leases.
Property Size36,018 SF
Days on Market179
Property Features for 2201 Grand Ave
General Information
- Standard status
- Pending
- Size
- 36,018 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1972
Listing Agency:
Marcus & Millichap SWM Group
Listed By:
Adrian Mendoza · License #IL 475.147980
Source:
Crexi
Added: Jan 26
Changed: Jul 23
Last Checked: Jul 23 at 4:45AM
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 Marcus & Millichap SWM Group
Investment Insights
Based on property information with market context.
Grand Plaza East is a neighborhood retail shopping center offered for sale with 15 tenants in place and a Domino’s Pizza anchor. The center features tenant suites operating under gross leases, with 10 of the 15 tenants on month-to-month terms. The leasing mix also includes longer-established operators, with multiple tenants in place since 2008–2011, and additional new leases executed in 2024 and 2025.
The property is located along Grand Avenue, benefiting from strong visibility and access with 19,300 vehicles per day reported for the corridor. It is also described as being conveniently near Metra rail service. The remarks further note that the Domino’s location ranks in the top 1% nationwide by visits, generating approximately 92,600 annual visitors.
While specific suite configurations are not detailed, the property’s disclosed lease structure and tenancy history provide a clear picture of current operations, with opportunities identified in the offering materials to move toward more landlord-friendly lease terms over time.
The property is located along Grand Avenue, benefiting from strong visibility and access with 19,300 vehicles per day reported for the corridor. It is also described as being conveniently near Metra rail service. The remarks further note that the Domino’s location ranks in the top 1% nationwide by visits, generating approximately 92,600 annual visitors.
While specific suite configurations are not detailed, the property’s disclosed lease structure and tenancy history provide a clear picture of current operations, with opportunities identified in the offering materials to move toward more landlord-friendly lease terms over time.
Key Highlights
- Neighborhood retail center built in 1972 with 15 tenants and gross leases in place
- Domino’s Pizza anchor with approximately 92,600 annual visitors; ranks in the top 1% nationwide by visits and #2 in Illinois
- 10 of 15 tenants are on month‑to‑month leases, providing flexibility for lease rollover
Property Analytics
Location Intelligence
Current Use by Public Records
J's Bar and Slots
Bar & Pub
Car Waukegan
Insurance Agency
Similar Off Market Nearby
- Club De Nutricon Y Ejeecicios — 1705 Grand Ave, Waukegan, IL 60085
- Grand Plaza East — Waukegan, IL 60085
- Waukegan Plaza Lewis Ave LLC — 1321 N Lewis Ave, Waukegan, IL 60085
- Douglas Center — 2666 Grand Ave, Waukegan, IL 60085
- Lewis Plaza — Lewis Ave &, W Glen Flora Ave, Waukegan, IL 60085
FAQs
What type of property is this?
Shopping center - Neighborhood shopping center anchored by Domino’s Pizza with frontage on Grand Avenue and several month-to-month gross leases.
Where is this shopping center located?
The property is located at 2201 Grand Ave Waukegan, IL.
What are key features of this property?
This property features: Neighborhood retail center built in 1972 with 15 tenants and gross leases in place; Domino’s Pizza anchor with approximately 92,600 annual visitors; ranks in the top 1% nationwide by visits and #2 in Illinois; 10 of 15 tenants are on month‑to‑month leases, providing flexibility for lease rollover
