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Retail Space with Natural Light
For Lease
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850 Tower Drive, Lake Villa, IL 60046

Commercial Lease, Lake Villa, IL

Space Size960 SF
Lot Size1.76 Acres
Days on Market81

Property Features for 850 Tower Drive

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions On S.W. Corner of Grass Lake Rd & Deep lake Rd
Subdivision Lake Villa / Lindenhurst
Standard status Active
Lot size 1.76 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 61310

Utilities

Cooling system Central Air

Amenities

reception/waiting area
large open workspace
kitchen
storage/IT room
private rest room
good visibility
natural light
plenty of parking

Building Details

Year built 2006
Floors in Building 1
Number of units 1
Flooring type Tile, Carpet
Building materials Brick, Concrete, Block
Roof type Composition
Listing Agency: Compass
Listed By: Kim Alden · License #475122036
Added: Jun 17 Changed: Aug 20 Last Checked: Sep 5 at 1:06AM
MLS# 12680904

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This approximately 960 SF retail space offers a practical arrangement for customer-facing and work functions, with a reception and waiting area leading into a generous open workspace. The premises also include a kitchen, storage and IT room, and a private restroom. Tile and carpet flooring, central air, and natural light support a comfortable day-to-day environment, while the layout can accommodate office, studio, service, boutique, or other retail-oriented operations. COMMR zoning is in place.

The space is part of an established shopping center positioned at an active intersection in Lake Villa. Nearby businesses include restaurants, a salon, gaming, fitness, and Dunkin. On-site parking is available, adding convenience for customers, staff, and visitors.

Key Highlights

  • Approximately 960 SF of office and retail space
  • Reception and waiting area with large open workspace
  • Kitchen, storage/IT room, and private restroom

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Hair Salon Butcher Cafe & Coffee Shop Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby

Demographics for 60046, IL

34,690
Population
12,544
Households
2.8
Avg Household Size
41
Median Age
42%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
1,508
Density / Sq Mi
$122,376
Median Household Income
$58,297
Median Earnings
$1,645
Median Rent
$282,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible commercial setting with reception, open work area, kitchen, storage, and private restroom.
Where is this retail space located?
The property is located at 850 Tower Drive Lake Villa, IL.
What are key features of this property?
This property features: Approximately 960 SF of office and retail space; Reception and waiting area with large open workspace; Kitchen, storage/IT room, and private restroom
More about this property
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