For Lease

2135-2251 Belvidere Rd, Waukegan, IL

2135-2251 Belvidere Rd, Waukegan, IL 60085

35,465

SF Available

The Belvidere Discount Mall has developed a market niche within its community with a unique tenant mix along with our best of both worlds physical layout. With a mixture of regional and national retailers and a dominance of local retailers and service businesses, we offer shoppers a one-of-a-kind unique shopping environment, rather than a cookie-cutter mall with the same tenants that can be found in hundreds of other malls across the country. Our store sizes range from 300 square feet on up to further enhance our variety. Most of our retailers have taken a no-frills marketing concept which allows them to offer true discount prices. Our image within the community is that of a truly discount mall as we offer the convenience of an enclosed shopping mall with all the advantages of a strip center street identity signage for all tenants, single-floor layout, and a simple floor plan so your store, and your customers, won' t get lost in the shuffle.

The Belvidere Discount Mall first opened in 1965 as the first and only enclosed mall in Lake County, and the first along the shore between Chicago and Milwaukee. Today it is anchored by Home Depot and is home to many successful regional retailers. •The city expects to develop one million additional square feet of retail, hospitality, recreational, educational and cultural facilities over the next two decades.

 

Rental Details

  • Number of spaces 12
  • Total square feet available 35,465 SF
  • For Lease $10.00 - $40.00/SF/YR
  • Space Types Retail, Restaurant
  • Lease Type Modified Gross, Net
  • Date Updated May 20, 2026
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Reach out to the broker for more info on lease terms and amenities

For Lease 12 Spaces Available

Contacts

Theron May

Imperial Realty

Building Details

  • For Lease $10.00 - $40.00/SF/YR
  • Property Type Retail
  • Property Size 415,532 SF
  • Zoning commercial
  • Parking Spaces Avail. 2078
  • Parking Ratio 5.00 / 1,000 SF
  • Year Renovated 2021
  • Date Updated May 20, 2026

Attachments

Getting Around

  • Walk Score ®

    Somewhat Walkable (68)

  • Transit Score ®

    Some Transit (32)

  • Bike Score ®

    Somewhat Bikeable (47)
Powered by Walk Score ®

Location

  • City Waukegan, IL
  • Zip Code 60085
  • Market Suburban Chicago

Points of Interest

Great Lakes

3.00 miles

County Fair Station

3.73 miles

Scenic Railway (Hometown Station)

3.99 miles

Hometown Square Station

3.99 miles

Lake Bluff

4.84 miles

Libertyville

6.28 miles

Libertyville Metra Station

6.28 miles

Zion

7.30 miles

Prairie Crossing

8.08 miles

Speedway

0.66 miles

Mobil

0.82 miles

Shell

0.95 miles

Amoco

1.48 miles

Citgo

1.50 miles

Murphy USA

1.77 miles

Marathon

2.00 miles

Blink

6.58 miles

Volta

8.49 miles

North Chicago Metra Station Parking

1.86 miles

Lot K

1.94 miles

Outdoor Recreational Storage Lot

2.36 miles

O'Plaine Park Parking Access

2.63 miles

Staff and Patient Parking Garage

2.84 miles

LOT A Staff and Patient Parking

2.86 miles

LOT Q Staff Lot

2.87 miles

LOT B Staff and Patient Parking

2.88 miles

LOT C Patient Parking

2.89 miles

Carniceria y Fruteria el Mexicano

0.81 miles

Lewis Produce Market

1.50 miles

ALDI

1.85 miles

Walmart Supercenter

1.89 miles

Ross

2.07 miles

Jewel-Osco

2.08 miles

Burlington

2.24 miles

Navy Exchange

2.25 miles

dd's Discounts

2.31 miles

2135-2251 Belvidere Rd Listing Summary

  • The Price for Retail Space at 2135-2251 Belvidere Rd

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. When it comes to 2135-2251 Belvidere Rd, asking rent starts at $$10.00/SF/YR per square foot.

    2135-2251 Belvidere Rd has 2078 parking spots, for a parking ratio of 5.00 / 1,000 SF

    Recent renovations also contribute to the attractiveness of a retail property, which, in turn, influences rent. 2135-2251 Belvidere Rd was last renovated in 2021.

  • Retail Space Options Available at 2135-2251 Belvidere Rd

    2135-2251 Belvidere Rd has a total of 27,465 square feet of retail space for rent. Lease types available at the property include Modified Gross, Net lease terms. However, it should be noted that retail spaces come in different shapes and sizes, with different types of spaces serving the needs of different businesses. Out of the total retail space at this address, 27,465 square feet are Retail.

    2135-2251 Belvidere Rd also has 1 Restaurant space(s), which represents a total of 8,000 square feet.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. 2135-2251 Belvidere Rd offers 4 retail space(s) sized 1,000 square feet or less. Retail space of this size can be a more affordable option for small businesses or for those that don’t have very quick growth expectations. You will find 6 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 2135-2251 Belvidere Rd, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. The property includes 1 large retail space(s) of more than 10,000 square feet, which is typically a good choice for businesses that need lots of showroom space or the flexibility to set up specialized operations. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

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