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Open-Air Retail & Dining Destination
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851 N Milwaukee Ave, Vernon Hills, IL 60061

270,000 SF retail and dining destination in Lake County.

Space Size3,520 SF - 3,675 SF
Property Size10,903 SF
Days on Market997

Property Features for 851 N Milwaukee Ave

General Information

Standard status Active
Size 3,520 SF - 3,675 SF
Property subtype Retail

Building Details

Building Size 10,903 SF
Tenancy Multiple

Spaces For Lease

at 851 N Milwaukee Ave Contact us

G1700

Size
3,520 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

3,663 SF End Cap

Size
3,675 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Mid-America Real Estate Corporation
Listed By: Brendan Reedy · License #IL 478004552
Source: Crexi
Added: Dec 12, 2023 Changed: Aug 23 Last Checked: Sep 1 at 5:30PM

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 Mid-America Real Estate Corporation

Investment Insights

Based on property information with market context.

This 270,000 square foot open-air retail and dining destination is located at the busiest intersection in Lake County. The location benefits from high traffic volume, with 66,300 vehicles per day. The property attracts 4,016,008 annual visits and is immediately adjacent to 260 luxury apartment units.

Key Highlights

  • 270,000 SF open‑air retail & dining destination
  • Located at the busiest intersection in Lake County
  • 66,300 vehicles per day (VPD)

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Parking Lot & Garage Auto Parts Store HVAC Service Grocery & Convenience 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,131
Businesses Nearby
682k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 46% Shops & Services 14% Superstores 12% Dining 12%
Walmart Superstores
84,786 visits/mo 0.2 miles
Macy's Apparel
70,350 visits/mo 0.4 miles
DICK'S Sporting Goods Apparel
48,844 visits/mo 0.2 miles
T.J. Maxx Apparel
45,126 visits/mo 0.3 miles
Nordstrom Rack Apparel
39,179 visits/mo 0.2 miles

Demographics for 60061, IL

27,581
Population
11,649
Households
2.4
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,283
Density / Sq Mi
$121,588
Median Household Income
$60,647
Median Earnings
$1,862
Median Rent
$390,300
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
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Similar Off Market Nearby

  • T2 trabajop Milwaukee Ave &, CDW Way, Vernon Hills, IL 60061
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  • Rivertree Court 700 N Milwaukee Ave, Vernon Hills, IL 60061
  • Hawthorn Hills Square S.C. 700 N Milwaukee Ave, Vernon Hills, IL 60061
  • Hawthorn Village Commons 264 Hawthorn Village Commons, Vernon Hills, IL 60061

Frequently Asked Questions

What type of property is this?
Shopping center - 270,000 SF retail and dining destination in Lake County.
Where is this shopping center located?
The property is located at 851 N Milwaukee Ave Vernon Hills, IL.
What are key features of this property?
This property features: 270,000 SF open‑air retail & dining destination; Located at the busiest intersection in Lake County; 66,300 vehicles per day (VPD)
(630) 954-7390 Call to check price and availability
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