VALUE-ADD NEIGHBORHOOD CENTER | GRAND PLAZA EAST

VALUE-ADD NEIGHBORHOOD CENTER | GRAND PLAZA EAST

$3,250,000 | 8.15%

Waukegan , Illinois

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Features

  • 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 | This location ranks in the top 1% of Domino’s Pizza stores nationwide by visits and is the second most visited location in Illinois (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

Contact

ADRIAN MENDOZA
Senior Managing Director
Tel: (630) 570-2163
adrian.mendoza@marcusmillichap.com

* Broker of Record: Steven Weinstock

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