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Property profile & analytics

700 Milwaukee Ave Vernon Hills, IL 60061

  • Commercial real estate
  • 1.38 lot acres
Value Estimation
$1,210,000
Location Intelligence
Property ID
US28-1344820
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 700 Milwaukee Ave

Lot size
1.38 lot acres
Property type
Commercial real estate
APN
15-04-201-003
APU
1504201003

Description

Hawthorn Hills Square, located at 700 N Milwaukee Ave in Vernon Hills, Illinois (zip code 60061), offers exceptional retail space in a vibrant Lake County location. This multi-tenant strip center and restaurant space features three available units, perfect for a variety of businesses. The spaces are highly versatile, with a minimum divisible square footage of 1,000 square feet and a maximum contiguous square footage of 4,500 square feet. A total of 12,044 square feet is currently vacant, presenting a significant opportunity for expansion or new tenancy. The property's prime location in Vernon Hills provides excellent visibility and accessibility, making it an ideal choice for businesses seeking high foot traffic and strong community engagement. This is a fantastic opportunity to establish or expand your business in a thriving retail environment. The property is classified as a retail strip center with restaurant capabilities. Interested parties should inquire about lease terms and availability. The property is situated in Lake County, Illinois, offering easy access to major transportation routes and a strong local economy.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Vernon Hills
County
Lake
State
Illinois
Longitude
-87.9461
Latitude
42.24
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
$51,998
$407,069
$154,150
$561,219
-
$1,221,329
$462,496
$1,683,825
More about this property
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