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    Waukegan, IL
    Shopping Center

    Waukegan, IL Shopping Centers for Sale

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    North Chicago, IL Park City, IL Gurnee, IL Chicago, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL
    Multi-Tenant Retail Center with Parking
    Updated: Apr 10
    Multi-Tenant Retail Center with Parking

    2662-2674 West Washington Street, Waukegan, IL 60085

    Contact for pricing
    9,176 sqft
    Four‑unit multi‑tenant retail center constructed in 2007 with 9,176 SF net lease able area
    Currently 47% occupied, generating approximately $XXXXX NOI with tenants operating triple‑net leases
    Subway and Accelerated Physical Therapy are two existing tenants; leases run through July 2019 and February 2020
    52‑car parking lot plus monument signage along West Washington Street
    Located directly across from Lake Behavioral Hospital; includes city‑approved $25MM expansion for the hospital
    View details
    Retail Spaces on Grand Avenue
    Updated: Nov 21, 2025
    Retail Spaces on Grand Avenue

    2603-2709 Grand Ave, Waukegan, IL 60085

    Contact for pricing
    66,345 sqft
    High‑traffic location on Grand Ave (IL 132) with over 27,000 vehicles per day.
    Shadow anchored by a 70,000 SF Lewis Foods Supermarket.
    Pylon and large digital billboard signage available** on Grand Ave.
    Spaces available in Vanilla Box condition, ready for new businesses.
    Existing tenants include Dollar General, Talecris Plasma Resources, Rent‑A‑Center, and Dotty's Cafe.
    View details
    Modified NNN Retail Center Anchored by DaVita
    Modified NNN Retail Center Anchored by DaVita

    3350-3364 Grand Ave, Waukegan, IL 60085

    Contact for pricing

    Modified NNN retail center anchored by DaVita, surrounded by major retailers and offering development pad potential.

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    Retail Shopping Center on Route 131
    Retail Shopping Center on Route 131

    422-484 Green Bay Road, Waukegan, IL 60085

    Contact for pricing

    Multi-tenant retail center with 15 demised units, 126 parking spaces, and major retailers within a half-mile radius.

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    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 4 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 13 Off-Market properties to explore as potential leads, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    One-Story Retail Shopping Center Suites
    One-Story Retail Shopping Center Suites

    1125-1199 S. Milwaukee Avenue, Libertyville, IL 60048

    Contact for pricing
    101,210 sqft 9.71 AC lot

    One-story brick shopping center with 15 suites and 316-stall paved customer parking, currently 93% leased.

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    Retail Center Restaurant and Stores
    Retail Center Restaurant and Stores

    1742-1768 North Milwaukee Avenue, Libertyville, IL 60048

    Contact for pricing

    2003-built retail center offers contiguous storefront space and a second-generation restaurant suite with FF&E available.

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    Retail Outparcel Center
    Retail Outparcel Center

    6300 Grand Ave, Gurnee, IL 60031

    Contact for pricing

    Fully occupied retail outparcel to Gurnee Mills, positioned on Grand Avenue near Interstate 94 access.

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    Gurnee Town Center Retail Space
    Gurnee Town Center Retail Space

    7105 Grand Avenue, Gurnee, IL 60031

    Contact for pricing

    Dominant power center in Gurnee's regional trade area.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Corner Lot
    Commercial Corner Lot

    12640 W WADSWORTH Road, Beach Park, IL 60087

    $750,000
    1.36 AC lot

    Fully developed commercial parcel positioned at a high-traffic intersection in Beach Park.

    View details
    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    20420 N Rand Road, Deer Park, IL 60074

    $2,500,000
    1.94 AC lot

    PUD-zoned commercial land with Rand Road frontage and natural gas availability.

    View details

    Off-Market Properties in Waukegan, IL

    Consider similar Off-Market properties in Waukegan, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2700 Belvidere Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    2700 Belvidere Rd, Waukegan, IL 60085-6008

    $10,665,000
    Estimated value
    91,273 sqft 3.89 AC lot
    View details
    1700 Lewis Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    1700 Lewis Ave, Waukegan, IL 60085-1764

    $6,515,000
    Estimated value
    88,332 sqft 5.32 AC lot
    View details
    3123 Lewis Ave
    SHOPPING CENTER, STRIP CENTER

    3123 Lewis Ave, Waukegan, IL 60087

    $500,000
    Estimated value
    12,152 sqft 0.57 AC lot
    View details
    1600 Lewis Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    1600 Lewis Ave, Waukegan, IL 60085-1762

    $725,000
    Estimated value
    30,510 sqft 1.75 AC lot
    View details
    3900 Fountain Sq Pl
    WHOLESALE OUTLET, DISCOUNT STORE

    3900 Fountain Sq Pl, Waukegan, IL 60085-6708

    $430,000
    Estimated value
    2,502 sqft 21.57 AC lot
    View details
    2229 Lewis Ave
    Neighborhood centers

    2229 Lewis Ave, Waukegan, IL 60087

    Value Estimation by Request
    View details
    2312 Grand Ave
    Lifestyle centers

    2312 Grand Ave, Waukegan, IL 60087

    Value Estimation by Request
    5,940 sqft 0.34 AC lot
    View details
    2205 Lewis Ave
    SHOPPING CENTER, STRIP CENTER

    2205 Lewis Ave, Waukegan, IL 60087-3804

    $7,195,000
    Estimated value
    48,030 sqft 3.95 AC lot
    View details
    699 Lakehurst Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    699 Lakehurst Rd, Waukegan, IL 60085-6707

    $680,000
    Estimated value
    35,868 sqft 3.55 AC lot
    View details
    920 Grn Bay Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    920 Grn Bay Rd, Waukegan, IL 60085-2240

    $925,000
    Estimated value
    69,723 sqft 6.51 AC lot
    View details
    1147 Grn Bay Rd
    SHOPPING CENTER, STRIP CENTER

    1147 Grn Bay Rd, Waukegan, IL 60085-2243

    $440,000
    Estimated value
    7,260 sqft 1.39 AC lot
    View details
    2650 Belvidere Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    2650 Belvidere Rd, Waukegan, IL 60085-6006

    $810,000
    Estimated value
    80,160 sqft 4.74 AC lot
    View details
    3008 Belvidere Rd
    SHOPPING CENTER, STRIP CENTER

    3008 Belvidere Rd, Waukegan, IL 60085-6014

    $680,000
    Estimated value
    21,600 sqft 1.12 AC lot
    View details

    Waukegan, IL Shopping Centers Market Trends and Statistics

    Explore 17 shopping centers for sale in Waukegan, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 75,521 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 17
    Automotive properties 7
    Auto shops 6
    Storefront properties 6
    Car washes 1

    Demographics Overview

    Population 100K
    Population Growth (5Y) +2.8%
    Median Household Income $68,390
    College Educated 16.7%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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