300 N Milwaukee Ave, Lake Villa, IL 60046
For Lease
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This exceptional retail opportunity is located at 300 N Milwaukee Ave, Lake Villa, IL 60046, within the Crossing Plaza strip center. The property boasts a total of 20,509 square feet across 12 units, offering a diverse tenant mix. Currently, three units are available, presenting a unique chance for expansion or new business establishment. Two units offer 1,200 square feet each, ideal for a variety of retail uses. A highly desirable 2,400-square-foot end-cap unit is also available, perfectly suited for a restaurant or convenience store, benefiting from high visibility and ample space. The property sits on a 2.77-acre lot and was built in 1990. The single-story building is zoned SB and is located in Lake County's thriving Lake County submarket, near the cross street of Cedar Ave. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 2,400 square feet. This prime location offers excellent visibility and accessibility, making it an attractive investment for businesses seeking a strong presence in a busy commercial area. Don't miss this chance to secure your space in this established and successful retail center.
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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.