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    1700 Lewis Ave Waukegan, IL 60085

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space, multiple units available.

    Lot size:
    32,670 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 1700 N Lewis Ave in Waukegan, Illinois (zip code 60085), offers a prime opportunity for businesses seeking high visibility and accessibility. The property consists of a total of 32,670 square feet of retail space situated on a sizable lot ranging from 0.35 to 0.4 acres. Currently, the entire space is vacant and available for lease, presenting a unique chance to establish a significant presence in a thriving market. The property is classified as a commercial outlot, ensuring excellent exposure and convenient access for customers. Multiple tenancy options are available, with a minimum divisible space of 15,246 square feet and a maximum contiguous space of 15,246 square feet. This flexibility allows for businesses of various sizes to find a suitable space to meet their operational needs. The property's strategic location in Waukegan, Illinois, provides easy access to major transportation routes and a substantial customer base. This makes it an ideal location for a variety of retail businesses seeking to capitalize on a high-traffic area. Interested parties are encouraged to inquire about leasing options and explore the potential of this exceptional retail property. The property is zoned for commercial use.

    Property Features for 1700 Lewis Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,670 SF

    Unit(s) available at that property

    Space
    0.40 AC Available Outlot
    Size
    17,424 SF
    Space
    0.35 AC Available Outlot
    Size
    15,246 SF
    Space
    Available Space 3
    Size
    20,248 SF

    HighLights

    • Two outlots available, fronting Lewis Ave.
    • Anchored by Tony's Fresh Market and Aldi.
    • Multiple access points: four curb cuts on Lewis Ave, including two full‑access points with traffic signals.
    • Shared signalized access with Waukegan Plaza (Burlington, Ross, DD's, Shoe Carnival, Aaron's, Family Dollar, and more).
    • High traffic count: 20,700 vehicles per day on Lewis Ave.
    • Dense population: nearly 100,000 residents within three miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Royal Prestige Home Goods Store Super Clean Landromat Laundromat Total By Verizon Cell Phone Store Primo Water Exchange Bottled Water Supplier MoneyGram Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8566683
    Latitude
    42.3838578

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space, multiple units available.
    Where is this individual retail property located?
    The property is located at 1700 Lewis Ave Waukegan, IL.
    What are key features of this property?
    This property features: Two outlots available, fronting Lewis Ave.; Anchored by Tony's Fresh Market and Aldi.; Multiple access points: four curb cuts on Lewis Ave, including two full-access points with traffic signals.
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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
    1700 Lewis Ave Waukegan, IL 60085
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