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    Townline Rd & Milwaukee Ave Buffalo Grove, IL 60061

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, Lake County, IL

    Lot size:
    192,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Hawthorn Hills Square Shopping Center, located at the intersection of Townline Rd and Milwaukee Ave in Vernon Hills, IL (zip code 60061), presents a compelling investment opportunity. This 192,624 square foot shopping center boasts a strong tenant mix, anchored by prominent national retailers including Dick's Sporting Goods, PetSmart, Walmart, and IHOP, ensuring high daily traffic and a desirable trade area. The center currently features six suites, with 13,044 square feet of vacant space available for lease. Units range from a minimum of 1,000 square feet to a maximum contiguous space of 4,500 square feet, offering flexibility for various retail and restaurant concepts. The property is conveniently situated in Lake County, Illinois, providing easy access for customers and employees. Ample parking is available with 906 spaces. This well-located shopping center offers a unique chance to establish a presence in a thriving retail environment. The property is classified as a retail and restaurant space, and is categorized as a shopping center with multiple tenancies. This is an exceptional opportunity to capitalize on the high visibility and strong demographics of this established center.

    Property Features for 0 Townline Rd & Milwaukee Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    192,624 SF

    Unit(s) available at that property

    Space
    Suite 25
    Size
    4,500 SF
    Space
    Suite 28
    Size
    2,423 SF
    Space
    Suite 30
    Size
    1,870 SF
    Space
    Suite 35
    Size
    1,000 SF
    Space
    Suite 17
    Size
    2,251 SF
    Space
    Suite 34
    Size
    1,000 SF

    HighLights

    • 192,624 square feet (SF) of gross leasable area (GLA)
    • 906 parking spaces
    • Located in the Chicago‑Naperville‑Elgin Metropolitan Statistical Area (MSA)
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Buffalo Grove
    County
    Lake
    State
    Illinois
    Longitude
    -87.9464
    Latitude
    42.2386

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Space, Lake County, IL
    Where is this lifestyle center located?
    The property is located at Townline Rd & Milwaukee Ave Buffalo Grove, IL.
    What are key features of this property?
    This property features: 192,624 square feet (SF) of gross leasable area (GLA); 906 parking spaces; Located in the Chicago-Naperville-Elgin Metropolitan Statistical Area (MSA)
    Request Owner's contact information
    Townline Rd & Milwaukee Ave Buffalo Grove, IL 60061
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    Buffalo Grove, IL 60061
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Townline Rd & Milwaukee Ave Buffalo Grove, IL 60061
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