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    701 N Milwaukee Ave Vernon Hills, IL 60061

    For Lease
    Contact for pricing

    Trophy property in high-demand Chicago suburb with excellent visibility.

    Property size:
    2,246 SF
    Lot size:
    25.16 Acres

    Property Features for 701 N Milwaukee Ave

    General Information

    Size
    2,246 SF
    Lot size
    25.16 Acres

    Source: Pine Tree, LLC - Corporate Agent Michael Slusky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space in Vernon Hills

    This Vernon Hills property is located in a sought-after Chicagoland market. It is adjacent to numerous retail developments, including Hawthorn Mall, and positioned at the intersection of Milwaukee Avenue (31,500 VPD) and Route 60 (43,600 VPD), offering high visibility and signalized access. The surrounding area has a growing population of over 610,000 residents with an average household income of over $132,000. The available retail space is 2,246 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Dental Office Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Sunglass Hut at Macy's, Hawthorn Hills Square S.C., T2 trabajop, Rivertree Court, Marketplace At Vernon Hills

    Location Insight

    • Map
    • Local Demand
    City
    Vernon Hills
    County
    Lake
    State
    Illinois
    Longitude
    -87.9434202
    Latitude
    42.2366191

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    FAQs

    What type of property is this?
    Shopping center - Trophy property in high-demand Chicago suburb with excellent visibility.
    Where is this shopping center located?
    The property is located at 701 N Milwaukee Ave Vernon Hills, IL.
    What are key features of this property?
    This property features: - Located in a highly sought-after Chicagoland market.; - High visibility location at the intersection of Milwaukee Ave (31,500 VPD) & Route 60 (43,600 VPD) with signalized access.; - Adjacent to numerous retail developments, including Hawthorn Mall.
    (877) 206-5656
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    Vernon Hills, IL 60061
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 N Milwaukee Ave Vernon Hills, IL 60061
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