Retail Shopping Center on Route
422-484 Green Bay Road Waukegan, IL 60085
422-484 Green Bay Road, Waukegan, IL, 60085
Contact for pricing
For Sale
Contact for pricing
Multi-tenant retail center with 15 demised units, 126 parking spaces, and major retailers within a half-mile radius.
Days on Market105
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 Updated: Jul 23 at 6:33AM 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
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Grandview Court — 35277 N Green Bay Rd, Waukegan, IL 60085
- Coin Cloud Bitcoin ATM — 3233 Grand Ave, Waukegan, IL 60085
- Coinstar Kiosk | Bitcoin ATM — 922 N Green Bay Rd, Waukegan, IL 60085
- Douglas Center — 2666 Grand Ave, Waukegan, IL 60085
- Village Commons Shopping Center — Grand Ave, Gurnee, IL 60031
FAQs
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
