16-Unit Retail
For Sale
$1,850,000
Pending
300 N Milwaukee Avenue, Lake Villa, IL 60046
Recent improvements include a new parking lot, updated exterior lighting, and replacement retaining walls.
Property Size20,509 SF
Days on Market11
Property Features for 300 N Milwaukee Avenue
General Information
Standard status
Pending
Size
20,509 SF
Property subtype
Retail/Stores
Zoning
COMMR
Additional Details
Road Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$65,822
Amenities
Municipal Water
(847) 239-7442
370X378X519X220
20509
Building Details
Building Size
20,509 SF
Year Built
1990
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
ILrealty, Inc. Kurchina & Assoc.
(708) 787-2808
Listed By:
Ramzi Samir
Source:
Kawashgroup
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 12:13PM
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 ILrealty, Inc. Kurchina & Assoc.
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Investment Insights
Based on property information with market context.
Built in 1990, this 20,509-square-foot retail center contains 16 units. Fourteen are occupied, with two suites available: one measuring 1,200 square feet and another measuring 3,200 square feet. The property is zoned COMMR and has municipal water service.
Located at 300 N Milwaukee Avenue in Lake Villa, Illinois, the center has full ingress and egress. Improvements include a new parking lot in 2025, retaining walls in 2026, replacement of some sidewalks and curbs in 2024, a roof replacement in 2001, and updated exterior lighting in 2022.
Located at 300 N Milwaukee Avenue in Lake Villa, Illinois, the center has full ingress and egress. Improvements include a new parking lot in 2025, retaining walls in 2026, replacement of some sidewalks and curbs in 2024, a roof replacement in 2001, and updated exterior lighting in 2022.
Key Highlights
- 16‑unit center with 14 occupied units
- Two available suites: 1,200 square feet and 3,200 square feet
- 20,509 square feet; built in 1990
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 19%
McDonald's
Dining
19,314 visits/mo
0.5 miles
BP
Shops & Services
4,429 visits/mo
0.3 miles
Demographics for 60046, IL
34,690
Population
12,544
Households
2.8
Avg Household Size
41
Median Age
42%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
1,508
Density / Sq Mi
$122,376
Median Household Income
$58,297
Median Earnings
$1,645
Median Rent
$282,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Shopping center - Recent improvements include a new parking lot, updated exterior lighting, and replacement retaining walls.
Where is this shopping center located?
The property is located at 300 N Milwaukee Avenue Lake Villa, IL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 16‑unit center with 14 occupied units; Two available suites: 1,200 square feet and 3,200 square feet; 20,509 square feet; built in 1990
