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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

851 Milwaukee Ave Vernon Hills, IL 60061

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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