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    1820 N Milwaukee Ave Vernon Hills, IL 60061

    For Sale
    $2,133,499

    Commercial land with high visibility and flexible development options.

    Lot size:
    6.10 Acres

    Property Features for 1820 N Milwaukee Ave

    General Information

    Lot size
    6.10 Acres

    Source: Van Vlissingen and Co. Agent Nick Panarese III

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

    Overview

    Prime Retail Land For Sale

    This commercial land is located at a signalized intersection in a high-traffic area. Zoned B1-PUD, it offers excellent visibility and strong demographics. The location provides proximity to major retailers and presents flexible development options. There is potential for mixed-use development.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernon Hills
    County
    Lake
    State
    Illinois
    Longitude
    -87.9514469
    Latitude
    42.2595276

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    FAQs

    What type of property is this?
    Commercial land - Commercial land with high visibility and flexible development options.
    Where is this commercial land located?
    The property is located at 1820 N Milwaukee Ave Vernon Hills, IL.
    What is the asking price?
    The asking price for this property is $2,133,499.
    What are key features of this property?
    This property features: - Prime retail location in a high-traffic area; - Zoned B1-PUD, allowing for flexible development options; - Excellent visibility at a signalized intersection
    (847) 634-2300
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    1820 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
    1820 N Milwaukee Ave Vernon Hills, IL 60061
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