Property profile

2229 Lewis Ave Waukegan, IL 60087

OFF-MARKET
Neighborhood centers
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Neighborhood centers

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor

Location

2229 Lewis Ave Waukegan, IL 60087
Waukegan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2229 Lewis Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message