Search
For Sale
Contact for pricing

850 Tower Dr, Lake Villa, IL 60046

Shopping centers

Property Size1 SF
Price / SF$4,200,000
Days on Market1890

Property Features for 850 Tower Dr

General Information

Standard status Active
Size 1 SF
Property subtype Retail
Zoning Commercial
Occupancy 100%
Lease Type NNN
Net Operating Income $208,471

Building Details

Year Built 2006
Tenancy Multi
Listing Agency: Real Broker LLC IL
Listed By: Robert Satten · License #475.101369
Source: Crexi
Added: Jun 30, 2021 Changed: Aug 16 Last Checked: Aug 29 at 10:56AM

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 Real Broker LLC IL

Investment Insights

Based on property information with market context.

Key Highlights

  • Stable and lucrative income stream from a retail shopping center.
  • Prime location on Lake Tower Crossing in Lake Villa.
  • High visibility and excellent traffic flow.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Hair Salon Butcher Cafe & Coffee Shop Home Appliance 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.

Location Intelligence

Trade Area within ½ mile

302
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use

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

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.

Frequently Asked Questions

Where is this shopping center located?
The property is located at 850 Tower Dr Lake Villa, IL.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Stable and lucrative income stream from a retail shopping center.; Prime location on Lake Tower Crossing in Lake Villa.; High visibility and excellent traffic flow.
(847) 445-7325 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message