6 E Phillip Rd, Vernon Hills, IL 60061
This single-story, 21,621 square foot office building in Vernon Hills, IL, offers a unique opportunity for businesses seeking flexible space. Located on 4.93 acres and boasting 191 parking spaces, the property features 11 suites, with 8 currently available, ranging from 918 to 7,865 contiguous square feet. The building, constructed in 1986, is zoned OR&D and benefits from a high-traffic location along Route 60, experiencing 38,000 vehicles per day. Its convenient location offers close proximity to retail amenities, schools, new apartment complexes, and Advocate Condell Medical Center. The building is under new ownership and offers improvement incentives. Currently, 11,871 square feet of space is vacant, providing ample opportunity for immediate occupancy. While there are no elevators, the single-story design ensures easy accessibility. This property is ideal for a variety of medical or traditional office uses, offering a combination of convenience, visibility, and potential for customization. The minimum divisible space is 918 square feet, making it suitable for smaller businesses as well as larger organizations. This is a rare opportunity to secure prime office space in a thriving location.
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.