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Property profile & analytics
OFF-MARKET
Lifestyle centers

0 Sec Rte 176 & Waukegan Rd Lake Bluff, IL 60044

64,574 SF
Property ID
Property summary
AI-generated overview

Carriage Way Shopping Center presents a prime retail investment opportunity in Lake County. This multi-tenant shopping center boasts a total of 64,574 square feet, offering spaces ranging from 4,261 to 8,539 square feet currently available. The center is strategically located at a high-traffic intersection experiencing over 38,000 vehicles per day, providing exceptional visibility and accessibility for businesses. A significant advantage is its adjacency to a newer Target store, further enhancing its draw and customer base. The center is anchored by a Heinen's grocery store, attracting a consistent flow of shoppers. The property features ample parking, with a ratio of 5.25 spaces per 1,000 square feet. The surrounding area demonstrates strong daytime population density and high household incomes, creating a robust and affluent market for potential tenants. This established center is home to a mix of successful national and local businesses, creating a vibrant and thriving retail environment. The available spaces present a unique chance to establish or expand a business within a well-established and successful shopping center. The minimum divisible space is 4,261 square feet, while the maximum contiguous space available is 4,278 square feet. A total of 8,539 square feet is currently vacant.

Property profile
Verified
Property type Lifestyle centers
Total area 64,574 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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