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    851 Milwaukee Ave Vernon Hills, IL 60061

    Sponsored
    For Lease
    Contact for pricing

    Vernon Hills retail spaces, 1,181-6,000 sq ft.

    Lot size:
    7,181 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail opportunity is located at 851 N Milwaukee Ave, Vernon Hills, IL 60061, within the prestigious Mellody Farm development in Lake County. The property offers multiple tenancy options, perfect for small shops seeking a vibrant and affluent market. Two spaces are currently available, ranging in size from a comfortable 1,181 square feet to a substantial 6,000 square feet, providing flexibility for various business needs. The location benefits from a large and prosperous trade area, attracting customers from a wide radius. The property's world-class architecture and authentic placemaking design create an extraordinary shopping experience, enhancing the appeal to both businesses and consumers. This is an ideal setting for businesses seeking high visibility and a strong customer base within a thriving community. The property's address is easily accessible, ensuring convenient access for customers and employees alike. The multiple tenancy structure allows for a diverse range of businesses to coexist, creating a dynamic and attractive retail environment. This presents a unique chance to establish or expand a business in a prime location within a highly sought-after area.

    Property Features for 851 Milwaukee Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,181 SF

    Unit(s) available at that property

    Space
    J720
    Size
    1,181 SF
    Space
    Up to 6,000 SF
    Size
    6,000 SF

    HighLights

    • Exceptional retail space available at 851 N Milwaukee Ave, Vernon Hills, IL 60061, within the Mellody Farm development.
    • Two available spaces ranging from 1,181 to 6,000 square feet, ideal for various retail businesses.
    • High‑traffic location in a prosperous trade area with excellent visibility and accessibility.
    • Part of a vibrant, upscale retail environment with world‑class architecture and design.
    • Multiple tenancy options create a diverse and attractive shopping experience.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernon Hills
    County
    Lake
    State
    Illinois
    Longitude
    -87.943892137867
    Latitude
    42.242566656204

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    FAQs

    What type of property is this?
    Individual retail property - Vernon Hills retail spaces, 1,181-6,000 sq ft.
    Where is this individual retail property located?
    The property is located at 851 Milwaukee Ave Vernon Hills, IL.
    What are key features of this property?
    This property features: Exceptional retail space available at 851 N Milwaukee Ave, Vernon Hills, IL 60061, within the Mellody Farm development.; Two available spaces ranging from 1,181 to 6,000 square feet, ideal for various retail businesses.; High-traffic location in a prosperous trade area with excellent visibility and accessibility.
    Request Owner's contact information
    851 Milwaukee Ave Vernon Hills, IL 60061
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    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
    851 Milwaukee Ave Vernon Hills, IL 60061
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