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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    6 E Phillip Rd, Vernon Hills, IL 60061

    4.93 ac lot
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US28-1430021
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 4.93 ac (214,751 SF)
    APN 15-04-107-007
    UPID US28-1430021
    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
    $650k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $650k
    Owner & transaction history
    Champion Vernon Hills LLC · 2 yrs held
    Champion Vernon Hills LLC
    since 2024
    Last sale
    $650,000
    2 recorded transactions
    2024
    $650,000
    2007
    $3.4M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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