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    2103 Belvidere Rd Waukegan, IL 60085
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    Property profile & analytics

    2103 Belvidere Rd, Waukegan, IL 60085

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    • Retail properties & Spaces
    • 320,000 SF
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Corpus Dasalla Corporation DBA Sarge & Sage / Clothing & Fashion Store

    Property Details for 2103 Belvidere Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents a 320,000 square foot, Class B medical office building situated within the Belvidere Mall in Waukegan, Illinois. The single-story building, located at 2103 Belvidere Rd, sits on a 20-acre lot and offers multiple tenancy options with a minimum divisible space of 1,000 square feet and spaces ranging up to 20,000 square feet. The property boasts 1,000 parking spaces, providing ample convenience for patients and staff. Its prime location at the high-traffic intersection of Belvidere Road and Lewis Avenue sees approximately 37,000 vehicles daily, ensuring high visibility and accessibility. The mall benefits from its proximity to a significant population base (approximately 105,000 within a 3-mile radius) with a median household income of $40,148. Further enhancing its appeal, the property is conveniently located near Naval Station Great Lakes and across from the recently renovated Corrine J. Rose Park, a 30-acre park featuring various recreational amenities. The property is zoned for retail use and is in Lake County, IL, zip code 60085. This established mall, originally opened in 1965, offers a unique blend of national and local retailers, creating a thriving commercial environment. The property is currently anchored by Home Depot. This presents a rare chance to acquire a well-positioned medical office space within a dynamic retail environment.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8594
    Latitude
    42.3503
    More about this property
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