371 Townline Rd, Vernon Hills, IL 60061-4336
This exceptional 5,675-square-foot freestanding building, situated on a 1.33-acre lot in Vernon Hills, Illinois, presents a unique investment opportunity. Formerly a Chili's restaurant, this Class A property boasts a prime location on busy Townline Road, experiencing over 30,000 vehicles daily. Built in 2010, the single-tenant building offers ample parking with 97 spaces and excellent visibility thanks to prominent monument and building signage. The property is zoned commercial and is well-suited for a variety of uses, including medical, retail, or restaurant establishments. Its strategic location across from Hawthorne Elementary School and near other retail anchors like Starbucks and Walgreens ensures high traffic and strong consumer demographics. The surrounding area features affluent suburban communities, with an average household income exceeding $131,643 within a one-mile radius and a population density of 132,629 within a five-mile radius. The property's features include one story, 97 parking spaces, and is for sale for $1,985,000 ($349.78 per square foot). This is an ideal opportunity for owner-users seeking a high-traffic location in a thriving community. The property's strong location and versatile zoning make it an attractive investment for discerning buyers.
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.