1750 Milwaukee Ave Vernon Hills, IL 60061-1538
- Commercial land
- 1.11 lot acres
Nov 09, 2022
Current Use by Public Records
- Commercial land
Property Details for 1750 Milwaukee Ave
- Lot size
- 1.11 lot acres
- Property type
- Commercial land
- APN
- 11-28-411-012
- APU
- 1128411012
Description
This exceptional 48,352 square foot retail property, located at 1750 N. Milwaukee Avenue in Vernon Hills, Illinois (zip code 60061), presents a unique investment opportunity. Situated in Lake County, this outparcel benefits from a highly desirable location within a major retail destination boasting the largest concentration of retail businesses in the area. The property enjoys full signalized access on busy Milwaukee Avenue, a thoroughfare with a high volume of traffic (23,000 vehicles per day). This ensures excellent visibility and accessibility for potential tenants and customers. The property is strategically anchored by a strong lineup of national retailers including Mariano's, Lowe's, Menard's, Aldi, and Starbucks, creating a synergistic environment and driving significant foot traffic. The surrounding area is comprised of affluent communities, providing a robust customer base for any retail establishment. This property is available for sale or lease, making it an attractive option for a variety of investors and businesses seeking a prime location in a thriving retail market. The property's size and location make it ideal for a variety of retail uses. The high traffic counts and strong anchor tenants provide a compelling investment opportunity with significant potential for return.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vernon Hills
- County
- Lake
- State
- Illinois
- Longitude
- -87.9493
- Latitude
- 42.258
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA