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2201-2303 Grand Ave
Waukegan, IL 60085 Downtown Waukegan

$3,250,000 USD

General Retail For Sale  •  30,000 SF

Property Details

  • Property Type General Retail
  • Total Building Size 36,018 SF
  • Lot Size 2.91 AC
  • Building Class C
  • Year Built 1972
  • Tenancy Multiple
33 Transit Score
78 Walk Score

Highlights

98% occupied shopping center with an add-value opportunity
Below market rents | Ability to raise rents to market rate levels and sign firm lease terms
Anchored by a top performing Domino's Pizza | Second most visited location in Illinois and top 1% of stores nationwide by visits (Placer.ai)
Multiple tenants in place since 2008–2011, complemented by recent leasing momentum from new leases executed in 2024 and 2025
Strong visibility and access along Grand Avenue, which sees 19,300 vehicles per day
More than 100,000 residents within a three-mile radius and average household incomes exceeding $92,000 within a five-mile radius

Property Flyers

Amenities

  • Restaurant
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Waukegan Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 2.3 mi
North Chicago Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 9 min - 4.5 mi
AirportDriveWalkDistance
Chicago O'Hare International 67 min - 38.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 167
Type: Surface
Included in Rent: Yes
Sean Sharko 630-570-2238 Sharko | Weisenbeck | Mendoza Group
Sean Sharko 630-570-2238 Sharko | Weisenbeck | Mendoza Group