0 Sec Rte 176 & Waukegan Rd Lake Bluff, IL 60044
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.