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    N Milwaukee Ave Vernon Hills, IL 60061

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    For Lease
    Contact for pricing

    Outlot opportunity in Vernon Hills for restaurant and retail concepts.

    Property size:
    7,000 SF
    Lot size:
    89.93 Acres

    Property Features for N Milwaukee Ave

    General Information

    Size
    7,000 SF
    Lot size
    89.93 Acres

    Source: GreatStreet Realty Partners, LLC Agent Steve Pilafas

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

    Overview

    Vernon Hills Retail Outlot Opportunity

    This retail opportunity is located in Vernon Hills, a northern suburb of Chicago in Lake County. The area features a strong daytime population and affluent demographics. It is anchored by Hawthorn Mall and is near the world headquarters of companies such as CDW, Grainger, Abbvie, and American Hotel Register. This 7,000-square-foot outlot is suitable for restaurant and retail concepts.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Vernon Hills
    County
    Lake
    State
    Illinois
    Longitude
    -87.9420398
    Latitude
    42.2248668

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    FAQs

    What type of property is this?
    Retail space - Outlot opportunity in Vernon Hills for restaurant and retail concepts.
    Where is this retail space located?
    The property is located at N Milwaukee Ave Vernon Hills, IL.
    What are key features of this property?
    This property features: - Affluent demographics; - Outlot opportunity for restaurant and retail concepts; - Strong daytime population
    (847) 981-8090
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    N Milwaukee Ave Vernon Hills, IL 60061
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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
    N Milwaukee Ave Vernon Hills, IL 60061
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