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    544 Lakeview Pkwy Vernon Hills, IL 60061

    • Commercial real estate
    • 12.61 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimation
    $3,780,000
    Last Sale
    Jan 13, 2025
    $3,350,000
    Location Intelligence
    Property ID
    US28-0037015
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 544 Lakeview Pkwy

    Lot size
    12.61 lot acres
    Property type
    Commercial real estate
    APN
    15-04-202-152
    APU
    1504202152

    Description

    This exceptional Vernon Hills, IL office space at 544 Lakeview Pkwy, 1st Floor, offers a diverse range of flexible workspace solutions. Located in Lake County, this property caters to various business needs, from traditional office setups to coworking spaces, executive suites, and even medical or creative office environments. The space is available for multiple tenants and offers customizable options, ranging from single-person offices to large-scale corporate spaces accommodating 100+ desks. Services include fully furnished and equipped offices, tailored to specific requirements, encompassing serviced, custom, disaster recovery, and day offices. Coworking options provide shared office or open-plan areas with daily or hot desk reservations. A comprehensive suite of meeting rooms is available for various needs, from informal chats to large-scale conferences. Virtual office solutions are also offered, including prestigious business addresses, mail handling, and professional virtual assistant services. Flexible working plans provide global access to a vast network of business lounges and workspaces. The property's location in Vernon Hills offers convenient access to local amenities and transportation. This versatile property is ideal for businesses seeking adaptable and high-quality office space. Inquire today to explore the various options and find the perfect solution for your business needs.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,290,000
      6.5%
      $3,310,000
      7%
      $3,710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,490,000
      Geo Method
      $3,085,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,975,000
      Retail
      $3,220,000
      Mixed-Use
      $3,355,000
      Hospitality
      $3,555,000
      Educational
      $3,125,000
      Residential Income
      $3,250,000
      Energy
      $4,060,000
      Income-Based Land
      $3,630,000
      Food Service
      $3,425,000

    Location Insight

    • Map
    • Local Demand
    City
    Vernon Hills
    County
    Lake
    State
    Illinois
    Longitude
    -87.9479
    Latitude
    42.235
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $332,904
    $1,178,640
    $2,414,455
    $3,593,095
    -
    $3,536,274
    $7,244,089
    $10,780,363

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    • Value Estimation by Request

      977 Lakeview Pkwy

      COMMERCIAL (GENERAL)
      977 Lakeview Pkwy, Vernon Hills, IL 60061-1400
      View Details

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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
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