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    445 Townline Rd Vernon Hills, IL 60061

    For Sale
    Contact for pricing

    High-traffic retail outlot near Hawthorn Mall.

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail outlot, located at 445 E Townline Rd in Vernon Hills, Illinois (zip code 60061), presents a rare investment opportunity. Situated in a high-demand retail area directly across from Hawthorn Mall, which is currently undergoing a significant redevelopment, this property offers unparalleled visibility and accessibility. The outlot boasts flexible space ranging from 1,000 to 8,000 square feet, perfect for a variety of retail uses. Its prime location benefits from multiple signalized access points, ensuring convenient ingress and egress for customers. A large pylon sign at the main access point provides excellent branding opportunities, maximizing visibility to the high volume of traffic passing by daily. The surrounding area is anchored by established businesses such as Walmart, Golf Galaxy, and Ace Pickleball, creating a synergistic retail environment and attracting a substantial customer base. This property is ideal for businesses seeking a strong location within a thriving retail market experiencing significant growth and redevelopment. Lake County's robust economy and the proximity to Hawthorn Mall's revitalization project make this an exceptional investment opportunity with significant long-term potential. The property's flexible space and prominent location offer a unique chance to establish a successful retail presence in a highly desirable area.

    Property Features for 445 Townline Rd

    General Information

    Property type
    Retail properties
    Square Feet
    1 SF

    HighLights

    • Exceptional retail outlot investment opportunity at 445 E Townline Rd, Vernon Hills, IL 60061.
    • High‑visibility location directly across from Hawthorn Mall (under redevelopment).
    • Flexible space: 1,000‑8,000 square feet, suitable for various retail uses.
    • Multiple signalized access points and a large pylon sign for optimal visibility and accessibility.
    • Strong retail synergy with nearby Walmart, Golf Galaxy, and Ace Pickleball, attracting substantial customer traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vernon Hills
    County
    Lake
    State
    Illinois
    Longitude
    -87.954117679717
    Latitude
    42.239531708371

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail outlot near Hawthorn Mall.
    Where is this retail property located?
    The property is located at 445 Townline Rd Vernon Hills, IL.
    What are key features of this property?
    This property features: Exceptional retail outlot investment opportunity at 445 E Townline Rd, Vernon Hills, IL 60061.; High-visibility location directly across from Hawthorn Mall (under redevelopment).; Flexible space: 1,000-8,000 square feet, suitable for various retail uses.
    Request Owner's contact information
    445 Townline Rd Vernon Hills, 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
    445 Townline Rd Vernon Hills, IL 60061
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