Property summary
Timberlake Shopping Center, located at 2229 N Lewis Ave in Waukegan, Illinois (zip code 60087), presents a prime retail investment opportunity. This neighborhood center offers two available spaces, ranging from 2,158 square feet to 32,743 square feet, providing flexibility for various retail concepts. The property boasts a highly visible location at the well-lit intersection of Lewis Avenue and Sunset Avenue, experiencing approximately 19,798 vehicles per day. Recent improvements include a refreshed façade, upgraded parking lot lighting, and new monument signage, enhancing the overall aesthetic and visibility. Situated within a densely populated residential area, the center benefits from strong local demand. The existing tenant mix includes a blend of local and national businesses, creating a diverse and attractive shopping environment for consumers. Lake County location provides easy access to a substantial customer base. This is an exceptional opportunity to establish or expand a retail presence in a thriving Waukegan community.
Property profile
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Current use
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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