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    Property profile & analytics
    OFF-MARKET Estimated value $1,880,000
    Commercial real estate

    371 Townline Rd, Vernon Hills, IL 60061-4336

    1.34 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-1893107
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.34 ac (58,240 SF)
    APN 15-05-207-003
    UPID US28-1893107
    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
    $1.82M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.88M
    Owner & transaction history
    371 W Townline LLC · 1 yrs held
    371 W Townline LLC
    since 2025
    Last sale
    $2.0M
    7 recorded transactions
    2025
    2025
    $2.0M
    2023
    $1.5M
    2019
    $852,000
    2018
    2010
    $1.0M
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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