Press Releases
Marcus & Millichap Brokers $2.85M Sale of Five-Suite Retail Center in Waukegan, Illinois
June 18, 2026
WAUKEGAN, Ill., June 18, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Grand Plaza East, a five-suite retail center located in Waukegan, Illinois. The property sold for $2.85 million.
“Generating five offers on a property with 11 month-to-month tenants demonstrates the depth of buyer demand for neighborhood retail centers in today’s market,” said Adrian Mendoza, senior managing director investments. “The buyer recognized an opportunity to create value through planned renovations and capital improvements, while acquiring a center in a corridor that continues to attract new businesses and benefit from limited new retail development.”
Mendoza, Austin Weisenbeck and Sean Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, an Illinois corporation, and procured the buyer, a private investor.
Grand Plaza East is situated on 2.91 acres at 2201 Grand Ave. Built in 1972, the 36,018-square-foot property is anchored by Domino’s Pizza, one of the brand’s highest-performing locations in Illinois. The center benefits from strong visibility along Grand Avenue, which carries approximately 19,300 vehicles per day, and convenient access to Metra rail service.
“Generating five offers on a property with 11 month-to-month tenants demonstrates the depth of buyer demand for neighborhood retail centers in today’s market,” said Adrian Mendoza, senior managing director investments. “The buyer recognized an opportunity to create value through planned renovations and capital improvements, while acquiring a center in a corridor that continues to attract new businesses and benefit from limited new retail development.”
Mendoza, Austin Weisenbeck and Sean Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, an Illinois corporation, and procured the buyer, a private investor.
Grand Plaza East is situated on 2.91 acres at 2201 Grand Ave. Built in 1972, the 36,018-square-foot property is anchored by Domino’s Pizza, one of the brand’s highest-performing locations in Illinois. The center benefits from strong visibility along Grand Avenue, which carries approximately 19,300 vehicles per day, and convenient access to Metra rail service.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
