Property profile

371 Townline Rd Vernon Hills, IL 60061

OFF-MARKET
Commercial real estate
Property ID
US28-1893107
1.34 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Location

371 Townline Rd Vernon Hills, IL 60061-4336
Vernon Hills metro Census 864513 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.82M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.70M

Owner & transaction history

since 2025
Last sale
$2.0M
7 recorded transactions
2025
Price N/A
2025
$2.0M
2023
$1.5M
2019
$852,000
2018
Price N/A
2010
$1.0M
2007
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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