[3] After about seven years of being empty, Builders Square occupied the anchor spot in 1995,[4] and was replaced with Home Depot around 2000.

The mall is currently owned by Imperial Realty, who purchased it from original owners Landuau & Heyman Inc. in the fall of 1985.

[6][7] Since 2019 the mall also embraced artists and creators in Waukegan, frequently lending vacant retail spaces and its concourses for vendor fairs and popup shops.

In 1991, Imperial Realty twinned the Belvidere Cinema again to form a four-screen "miniplex" and reopened it as a discount theater.

Since November 2021 the theater functions as a DIY venue known as Belvidere Cinema Gallery with monthly revival and independent screenings, local art exhibits and occasional live music.