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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
    Occupied Strip Building For Sale
    Updated: Dec 1, 2025
    Occupied Strip Building For Sale

    3035 Belvidere Rd, Waukegan, IL

    $2,962,000
    14,180 sqft · 1.30 AC lot
    100% occupied with long‑term leases and annual rental increases.
    Anchored by Concentra, a national leader in occupational health services.
    Endcap with drive‑thru.
    Recently renovated in 2024, including 40% roof replacement.
    Low price per square foot ($206).
    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
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 2 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 4 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.

    Multi-Unit Retail & Drive-In Site
    Multi-Unit Retail & Drive-In Site

    197 Peterson Road, Libertyville, IL 60048

    $1,599,000
    0.69 AC lot

    Five flexible commercial units with substantial parking and 11 drive-in bays for vehicle-accessible retail or service use.

    View details
    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.

    View details
    Anchored Retail Center For Sale
    Anchored Retail Center For Sale

    2207-2215 80th St, Kenosha, WI

    $4,890,000
    51,072 sqft · 5.70 AC lot

    Retail center with national tenants in a high-traffic location.

    View details
    Retail Endcap Space Available
    Retail Endcap Space Available

    2304 18th Street, Kenosha, WI 53140

    Contact for pricing
    10,297 sqft

    1,150 SF retail space with high visibility.

    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.

    Corner Lot in Beach Park
    Corner Lot in Beach Park

    12640 W WADSWORTH Road, Beach Park, IL 60087

    $750,000
    1.36 AC lot

    1.36 acre corner lot with high traffic visibility.

    View details
    Rand Road Development Opportunity
    Rand Road Development Opportunity

    20420 N Rand Road, Deer Park, IL 60074

    $2,500,000
    1.94 AC lot

    1.91 AC land with Rand Road frontage near retail.

    View details
    Madison Street Land Opportunity
    Madison Street Land Opportunity

    4440-4456 W Madison Street, Chicago, IL 60624

    $450,000
    0.91 AC lot

    Six lots on Madison Street, ideal for development.

    View details
    Elgin Land Development Opportunity
    Elgin Land Development Opportunity

    40 Acres Randall Road, Elgin, IL 60123

    $10,000,000
    40.40 AC lot

    40.4 acres on Randall Road, ideal for mixed-use development.

    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

    $10,125,000
    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

    $6,365,000
    Estimated value
    88,332 sqft · 5.32 AC lot
    View details
    3123 Lewis Ave
    SHOPPING CENTER, STRIP CENTER

    3123 Lewis Ave, Waukegan, IL 60087

    $1,970,000
    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

    $2,730,000
    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

    Value Estimation by Request
    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

    $1,200,000
    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

    $8,775,000
    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

    $1,250,000
    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

    $2,440,000
    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

    $3,400,000
    Estimated value
    21,600 sqft · 1.12 AC lot
    View details

    Waukegan, IL Shopping Centers Market Trends and Statistics

    Explore 15 shopping centers for sale in Waukegan, IL on our real estate platform. These investment opportunities span a total of 14,180 square feet of properties for sale, with an estimated market value of $2,962,000.

    Sale prices for plazas in Waukegan, IL start at $2,962,000, averaging $2,962,000, and reaching up to $2,962,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 11
    Storefront properties 7
    Auto shops 3
    Automotive properties 3

    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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