Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Townline Rd & Milwaukee Ave Buffalo Grove, IL 60061
    Back to Search
    Property profile & analytics

    Townline Rd & Milwaukee Ave Buffalo Grove, IL 60061

    View on Map
    • Lifestyle centers
    • 192,624 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Townline Rd & Milwaukee Ave

    Property size
    192,624 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo Grove
    County
    Lake
    State
    Illinois
    Longitude
    -87.9464
    Latitude
    42.2386

    Comparable in this City

    • Value Estimation by Request
      258,691 SF

      851-1101 Milwaukee Ave

      Lifestyle centers • 258,691 SF
      851-1101 Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Value Estimation by Request
      5,815 SF

      220 Hawthorn Village Cmns

      Restaurants • 5,815 SF
      220 Hawthorn Village Cmns, Vernon Hills, IL 60061
      View Details
    • Value Estimation by Request

      1220 Us-45

      Retail properties & Spaces
      1220 Us-45, Vernon Hills, IL 60061
      View Details
    • Value Estimation by Request

      851 Milwaukee Ave

      Individual retail properties
      851 Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Value Estimation by Request
      240 SF

      60 Michigan Ct

      RESIDENTIAL PARKING GARAGE • 240 SF
      60 Michigan Ct, Vernon Hills, IL 60061-1105
      View Details
    • Value Estimation by Request
      240 SF

      11 Constitution Ct

      RESIDENTIAL PARKING GARAGE • 240 SF
      11 Constitution Ct, Vernon Hills, IL 60061-1102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Vernon Hills

      Multi-tenant outlot building with high visibility and redevelopment potential.
      850 N Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      71,248 SF

      Mariano's Fresh Market Investment Opportunity

      Single-tenant NNN leased grocery asset with long-term lease.
      1720 N Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Contact for pricing

      Vernon Hills Commercial Land Parcel

      0.82-acre vacant land parcel zoned B-1 in Vernon Hills, IL.
      1252 E Us Highway 45, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      7 SF

      Land Near Vernon Hills Metra

      7-acre commercial land near Metra station and Route 45.
      59 E Us Highway 45, Vernon Hills, IL 60061
      View Details
    • $1,999,000
      1.22 Acres

      Commercial Land on Milwaukee Avenue

      1.22-acre commercial lot with high visibility on Milwaukee Ave.
      25043 N Il Rte 21, Vernon Hills, IL 60061
      View Details
    • Contact for pricing

      Prime Land on Milwaukee Avenue

      2.21 acres of land for sale on Milwaukee Avenue.
      55 S Milwaukee Ave, Vernon Hills, IL 60061
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Vernon Hills Retail Opportunity

      Retail and restaurant space available in Vernon Hills, Illinois.
      101 Hawthorn Ctr, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      8,900 SF

      Vernon Hills Retail Outlot Opportunity

      Outlot opportunity in Vernon Hills for restaurant and retail concepts.
      600 Townline Rd, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      46,000 SF

      46,000 SF Anchor Opportunity

      Anchor space for lease across from Hawthorn Mall.
      555 E Townline Rd, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Vernon Hills

      Retail space with high traffic and excellent visibility.
      325 North Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      14,826 SF

      Prime Retail Space in Vernon Hills

      Trophy property in high-demand Chicago suburb with excellent visibility.
      701 N Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Contact for pricing

      Open-Air Retail & Dining Destination

      270,000 SF retail and dining destination in Lake County.
      851 N Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Townline Rd & Milwaukee Ave
    Buffalo Grove, IL 60061
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Townline Rd & Milwaukee Ave, Buffalo Grove, IL, 60061
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!