Retail Space in Vernon
For Sale
Contact for pricing
850 N Milwaukee Avenue, Vernon Hills, IL 60061
Multi-tenant outlot building with high visibility and redevelopment potential.
Property Size13,885 SF
Days on Market236
Property Features for 850 N Milwaukee Avenue
General Information
Standard status
Active
Size
13,885 SF
Property subtype
Multi-Tenant Outlot Building
Properties For Sale
at 850 N Milwaukee Avenue Contact usGround Floor
Size
13,885 SF
Term
Negotiable
Second Floor
Size
5,078 SF
Term
Negotiable
Listing Agency:
Mid-America Real Estate Group | Chicago
Listed By:
Greg Bayer
(630) 954-7441
Source:
Midamericagrp
Added: Mar 7
Changed: Oct 25
Last Checked: Oct 28 at 6:42AM
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 Mid-America Real Estate Group | Chicago
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Investment Insights
Based on property information with market context.
Available space is located in a multi-tenant outlot building at the northwest corner of East Townline Road and North Milwaukee Avenue in Vernon Hills. The ground floor offers 13,885 square feet, which is divisible. The second floor provides between 1,668 and 5,078 square feet, also divisible. The building benefits from corner visibility at the intersection of Townline Road and Milwaukee Avenue, which serves 60,000 vehicles per day. It is situated directly in front of Hawthorn Mall, which is undergoing a major mixed-use redevelopment to include 635,000 square feet of retail space and 561 multi-family residences. The property is across the street from Mellody Farm, anchored by Whole Foods, Nordstrom Rack, REI, HomeGoods, and Barnes & Noble, in addition to 260 luxury apartments.
Key Highlights
- High‑visibility corner location at a super‑regional intersection (Townline Road & Milwaukee Avenue) with 60,000 VPD.
- Located directly in front of Hawthorn Mall, undergoing a major mixed‑use redevelopment (635,000 SF retail & 561 multi‑family residences).
- Across the street from Mellody Farm, anchored by Whole Foods, Nordstrom Rack, REI, HomeGoods, and Barnes & Noble.
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
682k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 46%
Shops & Services 14%
Superstores 12%
Dining 12%
Walmart
Superstores
84,786 visits/mo
0.2 miles
Macy's
Apparel
70,350 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
48,844 visits/mo
0.2 miles
T.J. Maxx
Apparel
45,126 visits/mo
0.3 miles
Nordstrom Rack
Apparel
39,179 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant outlot building with high visibility and redevelopment potential.
Where is this retail space located?
The property is located at 850 N Milwaukee Avenue Vernon Hills, IL.
What are key features of this property?
This property features: High‑visibility corner location at a super‑regional intersection (Townline Road & Milwaukee Avenue) with 60,000 VPD.; Located directly in front of Hawthorn Mall, undergoing a major mixed‑use redevelopment (635,000 SF retail & 561 multi‑family residences).; Across the street from Mellody Farm, anchored by Whole Foods, Nordstrom Rack, REI, HomeGoods, and Barnes & Noble.
