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Prime Retail Space in Vernon Hills
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701 N Milwaukee Ave, Vernon Hills, IL

Trophy property in high-demand Chicago suburb with excellent visibility.

Space Size8,143 SF - 14,826 SF
Lot Size25.16 Acres
Days on Market432

Property Features for 701 N Milwaukee Ave

General Information

Standard status Active
Size 8,143 SF - 14,826 SF
Lot size 25.16 Acres
Property subtype RETAIL

Spaces For Lease

at 701 N Milwaukee Ave Contact us

701 N Milwaukee Ave

Floor
1
Size
14,826 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Strong performing power center - Excellent soft goods co-tenancy - Sec milwaukee...
show more
Contact us

701 N Milwaukee Ave

Floor
1
Size
8,143 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Strong performing power center - Excellent soft goods co-tenancy - Sec milwaukee...
show more
Contact us
Listing Agency: Metro Commercial Real Estate - Corporate
Listed By: Sharon Bar-Shalom
Source: Moodyscre
Added: Jul 9, 2025 Changed: Sep 8 Last Checked: Sep 13 at 10:50AM

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 Metro Commercial Real Estate - Corporate

Investment Insights

Based on property information with market context.

This Vernon Hills property is located in a sought-after Chicagoland market. It is adjacent to numerous retail developments, including Hawthorn Mall, and positioned at the intersection of Milwaukee Avenue (31,500 VPD) and Route 60 (43,600 VPD), offering high visibility and signalized access. The surrounding area has a growing population of over 610,000 residents with an average household income of over $132,000. The available retail space is 2,246 square feet.

Key Highlights

  • Located in a highly sought‑after Chicagoland market.
  • High visibility location at the intersection of Milwaukee Ave (31,500 VPD) & Route 60 (43,600 VPD) with signalized access.
  • Adjacent to numerous retail developments, including Hawthorn Mall.

Property Analytics

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Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Parking Lot & Garage Auto Parts Store HVAC Service Grocery & Convenience Store

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,131
Businesses Nearby
650k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 36% Superstores 24% Shops & Services 18% Home Improvements & Furnishings 12%
Walmart Superstores
84,786 visits/mo 0.4 miles
Sam's Club Superstores
72,629 visits/mo 0.4 miles
DICK'S Sporting Goods Apparel
48,844 visits/mo 0.3 miles
T.J. Maxx Apparel
45,126 visits/mo 0.1 miles
Nordstrom Rack Apparel
39,179 visits/mo 0.4 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • T2 trabajop Milwaukee Ave &, CDW Way, Vernon Hills, IL 60061
  • Marketplace At Vernon Hills 235 N Milwaukee Ave, Vernon Hills, IL 60061
  • Rivertree Court 700 N Milwaukee Ave, Vernon Hills, IL 60061
  • Hawthorn Hills Square S.C. 700 N Milwaukee Ave, Vernon Hills, IL 60061
  • Sunglass Hut at Macy's 1 Hawthorn Ctr, Vernon Hills, IL 60061

Frequently Asked Questions

What type of property is this?
Shopping center - Trophy property in high-demand Chicago suburb with excellent visibility.
Where is this shopping center located?
The property is located at 701 N Milwaukee Ave Vernon Hills, IL.
What are key features of this property?
This property features: Located in a highly sought‑after Chicagoland market.; High visibility location at the intersection of Milwaukee Ave (31,500 VPD) & Route 60 (43,600 VPD) with signalized access.; Adjacent to numerous retail developments, including Hawthorn Mall.
(847) 780-1299 Call to check price and availability
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