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    Waukegan, IL Strip Malls for Sale

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    North Chicago, IL Park City, IL Gurnee, IL
    Occupied Strip Building For Sale
    $2,962,000
    14,180 SF
    Occupied Strip Building For Sale

    3035 Belvidere Rd, Waukegan, IL

    100% occupied strip building with long-term leases and rental increases.
    • 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).
    Updated: Dec 1, 2025
    View details
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 1 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 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.

    Restaurant-Included Retail Strip Center
    $3,199,900
    0.26 Acres
    Restaurant-Included Retail Strip Center

    Retail strip center with multiple active tenants and an included restaurant, positioned near Barrington’s train station.

    100 W Main Street, Barrington, IL 60010

    View details
    Retail Strip Mall with Ample Parking
    $2,959,000
    5,780 SF
    Retail Strip Mall with Ample Parking

    Versatile retail storefront property with ample parking and easy access for customers in a mixed residential and commercial area.

    114-120 S. Northwest Hwy, Barrington, IL 60010

    View details
    Retail Strip in Des Plaines
    $3,165,000
    15,042 SF
    Retail Strip in Des Plaines

    15,042 SF retail strip in high-traffic Chicago suburb.

    603 Golf Rd, Des Plaines, IL 60016

    View details
    Retail Investment Opportunity in Des Plaines
    $1,900,000
    Retail Investment Opportunity in Des Plaines

    Stable 6-unit retail asset with investment potential in Des Plaines.

    669-685 Graceland Avenue, Des Plaines, IL 60016

    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
    $750,000
    1.36 Acres
    Corner Lot in Beach Park

    1.36 acre corner lot with high traffic visibility.

    12640 W WADSWORTH Road, Beach Park, IL 60087

    View details
    Elgin Land Development Opportunity
    $10,000,000
    40.40 Acres
    Elgin Land Development Opportunity

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

    40 Acres Randall Road, Elgin, IL 60123

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    Prime Corner Commercial Land Available
    $800,000
    1.90 Acres
    Prime Corner Commercial Land Available

    Corner lot suitable for retail development, drive-thru, or subdivision.

    8450 Willow Springs Road, Willow Springs, IL 60480

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    Corner Lot Strip Mall Opportunity
    $130,000
    0.16 Acres
    Corner Lot Strip Mall Opportunity

    Ideal corner location for a small strip mall or franchise.

    237 W 79th Street, Chicago, IL 60620

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    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.

    3123 Lewis Ave
    SHOPPING CENTER, STRIP CENTER
    12,152 SF Lot: 0.57 Acres

    3123 Lewis Ave, Waukegan, IL 60087

    View details
    2205 Lewis Ave
    SHOPPING CENTER, STRIP CENTER
    48,030 SF Lot: 3.95 Acres
    Estimated value
    $7,195,000

    2205 Lewis Ave, Waukegan, IL 60087-3804

    View details
    1147 Grn Bay Rd
    SHOPPING CENTER, STRIP CENTER
    7,260 SF Lot: 1.39 Acres
    Estimated value
    $1,250,000

    1147 Grn Bay Rd, Waukegan, IL 60085-2243

    View details
    3008 Belvidere Rd
    SHOPPING CENTER, STRIP CENTER
    21,600 SF Lot: 1.12 Acres
    Estimated value
    $3,400,000

    3008 Belvidere Rd, Waukegan, IL 60085-6014

    View details

    Waukegan, IL Strip Malls Market Trends and Statistics

    Explore 5 strip malls 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 retail strips 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 4
    Automotive properties 4
    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%

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