For Sale
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Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Vernon Hills market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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