Property profile

300 N Milwaukee Ave Lake Villa, IL 60046

FOR LEASE
Retail space
Property ID
US28-1944361
20,509 SF 2.77 ac lot Built 1990
Trust Owned 27-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 300 N Milwaukee Ave, Lake Villa, IL 60046, within the Crossing Plaza strip center. The property boasts a total of 20,509 square feet across 12 units, offering a diverse tenant mix. Currently, three units are available, presenting a unique chance for expansion or new business establishment. Two units offer 1,200 square feet each, ideal for a variety of retail uses. A highly desirable 2,400-square-foot end-cap unit is also available, perfectly suited for a restaurant or convenience store, benefiting from high visibility and ample space. The property sits on a 2.77-acre lot and was built in 1990. The single-story building is zoned SB and is located in Lake County's thriving Lake County submarket, near the cross street of Cedar Ave. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 2,400 square feet. This prime location offers excellent visibility and accessibility, making it an attractive investment for businesses seeking a strong presence in a busy commercial area. Don't miss this chance to secure your space in this established and successful retail center.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Construction BRICK
Total area 20,509 SF
Lot 2.77 ac (120,792 SF)
APN 02-33-302-006
UPID US28-1944361

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Hair Salon
  • Barber Shop
  • Charitable Organization Social Service Agency
  • Postal Service Courier Service

Location

300 N Milwaukee Ave Lake Villa, IL 60046
Lake Villa metro Census 861012 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$710k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $2.7M +9.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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