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    Property profile & analytics

    185 Milwaukee Ave Lincolnshire, IL 60069

    • Commercial real estate
    • 4.06 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US28-0921349
    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 185 Milwaukee Ave

    Lot size
    4.06 lot acres
    Property type
    Commercial real estate
    APN
    15-15-407-010
    APU
    1515407010

    Description

    This exceptional retail opportunity is located at 185 N Milwaukee Ave, Lincolnshire, IL 60069, in Lake County. The property, known as Village Green Retail, offers three available spaces ranging in size from 844 square feet to 3,337 square feet, perfect for a variety of retail businesses. The property boasts ample parking, ensuring convenient access for customers. Its strategic location provides easy access to I-94 via Olde Half Day Road, enhancing visibility and accessibility for both customers and employees. The surrounding area is characterized by an affluent trade area with a high daytime population, presenting a significant opportunity for businesses seeking a strong customer base. The multiple tenancy setup allows for flexibility and potential for synergistic businesses. This property is ideally suited for businesses seeking high visibility and convenient access in a thriving Lincolnshire community. The address is easily accessible from major roadways, making it a convenient location for customers and employees alike. The property's location within a high-traffic area and affluent neighborhood ensures a steady stream of potential customers. This is a rare opportunity to secure retail space in a desirable and high-demand location.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnshire
    County
    Lake
    State
    Illinois
    Longitude
    -87.9321
    Latitude
    42.2036
    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
    $147,612
    $612,133
    $1,021,902
    $1,634,035
    -
    $1,836,583
    $3,066,013
    $4,902,596

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      $340,000
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    185 Milwaukee Ave
    Lincolnshire, IL 60069
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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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