Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    97 Phillip Rd Vernon Hills, IL 60061-1739

    • Commercial real estate
    • 0.81 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 07, 2023
    $17,730,000
    Location Intelligence
    Property ID
    US28-2812168
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 97 Phillip Rd

    Lot size
    0.81 lot acres
    Property type
    Commercial real estate
    APN
    15-05-202-031
    APU
    1505202031

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vernon Hills
    County
    Lake
    State
    Illinois
    Longitude
    -87.9674
    Latitude
    42.2388
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $150,411
    $56,562
    $1,109,988
    $1,166,550
    -
    $169,703
    $3,330,297
    $3,500,000

    Comparable in this City

    • Value Estimation by Request
      9.83 Acres

      640 Darling Dr

      COMMERCIAL (GENERAL) • 9.83 Acres
      640 Darling Dr, Vernon Hills, IL 60061-3035
      View Details
    • Value Estimation by Request
      8.85 Acres

      155 Butterfield Rd

      COMMERCIAL (GENERAL) • 8.85 Acres
      155 Butterfield Rd, Vernon Hills, IL 60061-1958
      View Details
    • Value Estimation by Request
      5.24 Acres

      888 Frst Edge Dr

      COMMERCIAL (GENERAL) • 5.24 Acres
      888 Frst Edge Dr, Vernon Hills, IL 60061-3105
      View Details
    • Value Estimation by Request
      23.12 Acres

      101 Hawthorn Ctr

      COMMERCIAL (GENERAL) • 23.12 Acres
      101 Hawthorn Ctr, Vernon Hills, IL 60061-1501
      View Details
    • Value Estimation by Request
      5.18 Acres

      700 Hawthorn Ctr

      COMMERCIAL (GENERAL) • 5.18 Acres
      700 Hawthorn Ctr, Vernon Hills, IL 60061-1514
      View Details
    • Value Estimation by Request

      977 Lakeview Pkwy

      COMMERCIAL (GENERAL)
      977 Lakeview Pkwy, Vernon Hills, IL 60061-1400
      View Details

    Similar Nearby for Sale

    • $850,000
      0.82 Acres

      Vernon Hills Commercial Land

      0.82-acre development opportunity. High traffic counts.
      1252 Us-45, Vernon Hills, IL 60061
      View Details
    • $850,000

      Vernon Hills Commercial Land Parcel

      0.82-acre vacant land parcel zoned B-1 in Vernon Hills, IL.
      1252 E Us Highway 45, Vernon Hills, IL 60061
      View Details
    • $524,900

      Penthouse Condo in Stevenson District

      Top-floor condo with upgrades, views, and access to top schools.
      1199 E Port Clinton Rd, Vernon Hills, IL 60061
      View Details
    • $2,133,499

      Prime Retail Land For Sale

      Commercial land with high visibility and flexible development options.
      1820 N Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      73,150 SF

      Vernon Hills Multi-Tenant Industrial Property

      73,150 SF multi-tenant industrial property in Vernon Hills, IL.
      560-562 E Bunker Ct, Vernon Hills, IL 60061
      View Details
    • $305,000
      1,234 SF

      Well-Maintained Unit in Cul-de-Sac

      Two-bedroom, two-bath unit with updated features and premium location.
      902 Sparta Ct, Vernon Hills, IL 60061
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,379 SF

      Vernon Hills Retail Outlots For Lease

      Prime Retail Space, Multiple Units Available
      325 Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      67,258 SF

      Vernon Hills Flex Space Available

      Versatile industrial space, 6,065-19,428 sq ft.
      900 Woodlands Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      6,569 SF

      Vernon Hills Warehouse Space Available

      6,569 SF warehouse with air-conditioning and rare loading.
      900-980 Woodlands Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing

      Industrial Building Available For Lease

      203,831 SF industrial building available for sale or lease.
      210 Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • $2,000 /Mo
      948 SF

      First Floor Condo Near Park

      Condo near Big Bear Lake Park, shopping, and transportation.
      11 Parkside Ct, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      7,450 SF

      Office and Flex Suites Available

      Office and flex suites for rent with immediate occupancy.
      150 N Fairway Dr, Vernon Hills, IL 60061
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    97 Phillip Rd
    Vernon Hills, IL 60061-1739
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.