Waukegan, Illinois, is a diverse city that offers a unique blend of industrial heritage, cultural attractions, and recreational opportunities, making it an ideal location for Retail Space For Lease. With a population of around 90,000, Waukegan provides a sizable customer base for businesses. The city's proximity to Chicago, its largest employer, and its own industrial history, including ship and wagon building, flour milling, and dairying, have contributed to its growth. Additionally, Waukegan's port district, operating the harbor and regional airport, provides services for recreational boaters and large shipping vessels. The city is also home to institutions like the Waukegan Public School District, Cristo Rey St. Martin College Prep, and Immanuel Lutheran School, ensuring a well-educated workforce. With attractions like the Genesee Theatre, Waukegan Municipal Beach, and the Waukegan History Museum, Waukegan offers a great quality of life for residents and visitors alike.
Waukegan's Retail Space For Lease market is thriving, with 20 available listings. The average annual rent per square foot is $17 USD, with a range of options from $8 USD to $40 USD per square foot. Spaces range in size from 1 square feet to 24,000 square feet, with an average size of 4,601 square feet. In addition to Retail Space, Waukegan also offers Restaurants, Medical Offices, and Office Space For Lease, each with its own unique characteristics and advantages. Restaurants, for example, can benefit from the city's busy downtown area and proximity to Lake Michigan. Medical Offices can take advantage of the city's well-established healthcare infrastructure, while Office Space can capitalize on the city's growing business sector. Overall, Waukegan's diverse economy and attractions make it an attractive location for businesses of all types.
What is the average cost per square foot for retail space in Waukegan?
The average cost per square foot for retail space in Waukegan is $17 USD per square foot, with 20 available listings ranging in size from 4,601 square feet to 24,000 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as major department stores or grocery chains, can significantly impact surrounding retail space leases in Waukegan, Illinois, as they attract a high volume of foot traffic, increasing visibility and desirability for nearby retailers, which can lead to higher lease rates and a more competitive market, with 20 available listings, averaging $17 USD per square foot, and ranging in size from 4,601 square feet to 24,000 square feet.
