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    FOR LEASE
    Retail space

    300 N Milwaukee Ave, Lake Villa, IL 60046

    20,509 SF 2.77 ac lot Built 1990
    Trust Owned 27-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-1944361
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1990
    Construction BRICK
    Total area 20,509 SF
    Lot 2.77 ac (120,792 SF)
    APN 02-33-302-006
    UPID US28-1944361
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.39M
    Blend (final) Blend
    $2.07M
    Owner & transaction history
    Midwest Bank & Trust Co Ttee
    Midwest Bank & Trust Co Ttee
    2 recorded transactions
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $2.7M +9.1%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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