Property profile

1750 Milwaukee Ave Vernon Hills, IL 60061

OFF-MARKET
Commercial land
Property ID
US28-2627490
1.11 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 48,352 square foot retail property, located at 1750 N. Milwaukee Avenue in Vernon Hills, Illinois (zip code 60061), presents a unique investment opportunity. Situated in Lake County, this outparcel benefits from a highly desirable location within a major retail destination boasting the largest concentration of retail businesses in the area. The property enjoys full signalized access on busy Milwaukee Avenue, a thoroughfare with a high volume of traffic (23,000 vehicles per day). This ensures excellent visibility and accessibility for potential tenants and customers. The property is strategically anchored by a strong lineup of national retailers including Mariano's, Lowe's, Menard's, Aldi, and Starbucks, creating a synergistic environment and driving significant foot traffic. The surrounding area is comprised of affluent communities, providing a robust customer base for any retail establishment. This property is available for sale or lease, making it an attractive option for a variety of investors and businesses seeking a prime location in a thriving retail market. The property's size and location make it ideal for a variety of retail uses. The high traffic counts and strong anchor tenants provide a compelling investment opportunity with significant potential for return.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.11 ac (48,395 SF)
APN 11-28-411-012
UPID US28-2627490

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1750 Milwaukee Ave Vernon Hills, IL 60061-1538
Vernon Hills metro Census 863904 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$790k

Owner & transaction history

since 2022
Last sale
$750,000
3 recorded transactions
2022
$750,000
2021
Price N/A
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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