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General Commercial Land Parcel
For Sale
$1,450,000

24803 N Milwaukee Avenue Vernon, Vernon Hills, IL 60061

Two adjacent parcels totaling about 4.8 acres offer general commercial zoning and utilities to the site.

Property SizeContact for details
Lot Size4.80 Acres
Days on Market137

Property Features for 24803 N Milwaukee Avenue Vernon

General Information

Standard status Active
Lot size 4.80 Acres
Property subtype Unimproved Land
Zoning General Commercial

Additional Details

Utilities to Site Yes

Amenities

Electric to Site, Natural Gas Available
Listing Agency: Fulton Grace Realty
Listed By: Julie Presta · License #475172128
Source: Kw
Added: Apr 24 Changed: Sep 3 Last Checked: Sep 6 at 7:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fulton Grace Realty

Investment Insights

Based on property information with market context.

Approximately 4.8 acres comprised of two adjacent parcels are offered for sale. The property is zoned General Commercial and may be used for a range of commercial purposes, including retail, hospitality, restaurant, medical, or other commercial uses, subject to applicable regulations. Utilities are available to the site. A house on the property will be conveyed “AS IS.”

The property overlooks the Des Plaines River, providing a scenic setting for a future development. Taxes listed reflect the total for both parcels.

Because the land includes a conveyance “AS IS” house and the parcels are being sold together, due diligence is recommended for site planning and any redevelopment considerations.

Key Highlights

  • Approximately 4.8 acres across two adjacent parcels
  • Zoned General Commercial with potential uses including retail, hospitality, restaurant, and medical
  • Utilities to the site

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Parking Lot & Garage Law Firm Auto Repair Shop Auto Parts Store Nail Salon Dental Office

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby

Demographics for 60061, IL

27,581
Population
11,649
Households
2.4
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,283
Density / Sq Mi
$121,588
Median Household Income
$60,647
Median Earnings
$1,862
Median Rent
$390,300
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Two adjacent parcels totaling about 4.8 acres offer general commercial zoning and utilities to the site.
Where is this commercial land located?
The property is located at 24803 N Milwaukee Avenue Vernon Vernon Hills, IL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Approximately 4.8 acres across two adjacent parcels; Zoned General Commercial with potential uses including retail, hospitality, restaurant, and medical; Utilities to the site
More about this property
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