851 Milwaukee Ave Vernon Hills, IL 60061
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.