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Versatile Commercial Property on Milwaukee Ave
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35220 N Illinois 83, Lake Villa, IL 60046

Contractor property with office, shop space, and fenced yard.

Property Size5,788 SF
Lot Size2.00 Acres
Price / SF$310.99
Days on Market662

Property Features for 35220 N Illinois 83

General Information

Standard status Active
Size 5,788 SF
Lot size 2.00 Acres
Property subtype Industrial

Building Details

Buildings 2
Listing Agency: Realty World-Tiffany R.E
Listed By: Bryan Shaughnessy · License #IL 475168061
Source: Crexi
Added: Nov 12, 2024 Changed: Sep 3 Last Checked: Sep 2 at 5:02AM

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 Realty World-Tiffany R.E

Investment Insights

Based on property information with market context.

This commercial property features approximately 350 feet of frontage on Milwaukee Ave in Round Lake Beach, with a daily traffic count near 18,000. The property, situated on just under 2 acres, is currently used as a contractor property. It includes 2130 square feet of office space and 4000 square feet of shop space, along with a 1.5-acre fenced-in yard. The property is suitable for a multitude of uses, including a contractor yard, auto repair, boat repair, storage, or redevelopment for restaurant or retail purposes.

Key Highlights

  • High‑traffic location: Approximately 350 feet of frontage on Milwaukee Ave with a daily traffic count near 18,000.
  • Large Lot: Just under 2 acres with a 1.5‑acre fenced‑in yard.
  • Versatile Use: Suitable for contractor yard, auto repair, boat repair, storage, redevelopment for restaurant/retail, etc.

Property Analytics

Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby
Well-served
Demand for This Use

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Contractor property with office, shop space, and fenced yard.
Where is this flex space located?
The property is located at 35220 N Illinois 83 Lake Villa, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: High‑traffic location: Approximately 350 feet of frontage on Milwaukee Ave with a daily traffic count near 18,000.; Large Lot: Just under 2 acres with a 1.5‑acre fenced‑in yard.; Versatile Use: Suitable for contractor yard, auto repair, boat repair, storage, redevelopment for restaurant/retail, etc.
(847) 875-4246 Call to check price and availability
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