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Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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