1600 Milwaukee Ave, Vernon Hills, IL 60061-1574
This exceptional retail property, known as the Shoppes of Gregg's Landing, presents a unique leasing opportunity in the thriving Vernon Hills, Illinois market. Located at 1600 N Milwaukee Ave, this single-tenant building offers a substantial 19,150 square feet of vacant space, perfect for a variety of retail uses. Situated on a generous 1.93-acre lot, the property provides ample space for customer parking and potential expansion. The building's location in Lake County offers excellent visibility and accessibility, benefiting from high traffic counts on Milwaukee Avenue. The property is categorized as commercial retail and presents a blank canvas for a discerning tenant seeking a prominent location in a vibrant community. The address is easily accessible from major roadways, ensuring convenient access for both customers and employees. This is an exceptional opportunity to establish a strong retail presence in a high-demand area. The entire 19,150 square feet is currently available for lease, providing a significant footprint for a large-scale operation or the potential to subdivide for multiple smaller tenants. The property's size and location make it an ideal choice for businesses seeking high visibility and ample space. Interested parties are encouraged to inquire for further details and leasing information. The property is located in the 60061 zip code.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
Costs & Benchmarks
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Risks
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