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    Vernon Hills, IL
    Conventional Restaurant

    Vernon Hills, IL Conventional Restaurants for Sale

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    Long Grove, IL Mundelein, IL Prairie View, IL Buffalo Grove, IL Libertyville, IL Lincolnshire, IL Kildeer, IL Wheeling, IL
    Single-Tenant Ground Leased Restaurant
    Updated: May 28
    Single-Tenant Ground Leased Restaurant

    151 E TOWNLINE RD, Vernon Hills, IL 60061

    $3,695,652
    3,454 sqft
    Single‑tenant Raising Cane’s property with a new 15‑year triple‑net ground lease through May 2041.
    Lease features zero landlord responsibilities, with 10% rental escalations throughout the primary term.
    Signed May 2041 lease also includes five 5‑year renewal options.
    Construction completed May 2026; rent commenced May 26, 2026.
    New 3,454 SF building on Illinois Route 60/Townline Road with 35,000 vehicles per day reported.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Vernon Hills, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Restaurant-Included Retail Strip Center
    Restaurant-Included Retail Strip Center

    100 W Main Street, Barrington, IL 60010

    $3,199,900
    0.26 AC lot

    Retail strip center with multiple active tenants and an included restaurant, positioned near Barrington’s train station.

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    Mixed-Use Retail and Residential Building
    Mixed-Use Retail and Residential Building

    1330 Webford Avenue, Des Plaines, IL 60016

    $399,900
    0.21 AC lot

    Private courtyard and flexible C-13 zoning support a variety of retail, office, and restaurant uses.

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    Mixed-Use Property with Courtyard
    Mixed-Use Property with Courtyard

    1330 Webford Avenue, Des Plaines, IL 60016

    $399,900
    0.21 AC lot

    Mixed-use building with a private courtyard and zoning support for a range of commercial uses in the COMMR district.

    View details
    Retail Strip with Multiple Tenants
    Retail Strip with Multiple Tenants

    100 W Main Street, Barrington, IL 60010

    $3,199,900

    Retail strip in Barrington with multiple active tenants, including several specialty retail and a restaurant included in the sale.

    View details

    Vernon Hills, IL Conventional Restaurants Market Trends and Statistics

    Explore 1 conventional restaurants for sale in Vernon Hills, IL on our real estate platform. These investment opportunities span a total of 3,454 square feet of properties for sale, with an estimated market value of $3,695,652.

    Sale prices for conventional restaurants in Vernon Hills, IL start at $3,695,652, averaging $3,695,652, and reaching up to $3,695,652 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 1

    Demographics Overview

    Population 28K
    Population Growth (5Y) +3.3%
    Median Household Income $121,588
    College Educated 97.4%

    High-Yield Neighborhoods for Investment

    Identify Vernon Hills submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60061 $3.7M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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