Vernon Hills, IL Restaurants for sale

$3,695,652

3,454 SF

Single-Tenant Ground Leased Restaurant

151 E TOWNLINE RD, Vernon Hills, IL 60061

Raising Cane’s is secured by a new 15-year triple-net ground lease through May 2041 with zero landlord responsibilities.

Single‑tenant Raising Cane’s property with a new 15‑year triple‑net ground lease through May 2041.
Lease features zero landlord responsibilities, with 10% rental escalations throughout the primary term.
Signed May 2041 lease also includes five 5‑year renewal options.
Construction completed May 2026; rent commenced May 26, 2026.
New 3,454 SF building on Illinois Route 60/Townline Road with 35,000 vehicles per day reported.

Updated: May 28

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Vernon Hills, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mundelein Mixed-Use Investment Opportunity

$1,450,000

12,875 SF

Mundelein Mixed-Use Investment Opportunity

Fully equipped restaurant, convenience store, and residential units for sale.

1116 Diamond Lake Rd, Mundelein, IL

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Contact for pricing

1,744 SF

Turnkey Restaurant with Drive-Thru

1,744 SF restaurant with drive-thru on half-acre lot.

1158 E Dundee Rd, Palatine, IL

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High-Traffic Commercial Property For Sale

$750,000

3,503 SF

High-Traffic Commercial Property For Sale

3,500 sq ft commercial property in high-traffic area.

799 E Us Highway 45 Highway, Mundelein, IL 60060

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Contact for pricing

1,744 SF

Turnkey Restaurant with Drive-Thru

1,744 SF restaurant with drive-thru on half-acre lot.

1158 E Dundee Rd, Palatine, IL 60074

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$286,000

0.43 Acres

Mundelein, IL Commercial Land

Commercial land available in Mundelein, Illinois.

331 Plaza Circle lot: 4, Mundelein, IL 60060

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$1,111,000

Prime Land in Mundelein, IL

Signaled corner location near retail and residential developments.

20924 & 20902 W Park Avenue, Mundelein, IL 60060

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$512,000

3.20 Acres

Palatine Land For Sale

3.2 acre commercial land available in Palatine, Illinois.

20638 Lake Cook Road, Palatine, IL 60074

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$2,500,000

1.94 Acres

Rand Road Development Opportunity

1.91 AC land with Rand Road frontage near retail.

20420 N Rand Road, Deer Park, IL 60074

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Off-Market Properties in Vernon Hills, IL

Consider similar Off-Market properties in Vernon Hills, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Lifestyle centers

258,691 SF

Value Estimation by Request

851-1101 Milwaukee Ave, Vernon Hills, IL 60061

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Restaurants

5,815 SF Lot: 6.38 Acres

Value Estimation by Request

220 Hawthorn Village Cmns, Vernon Hills, IL 60061

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Vernon Hills, IL Restaurants Investment Opportunities Market Analysis

Explore 3 restaurants for sale in Vernon Hills, IL on our real estate platform. These investment opportunities span a total of 3,454 square feet of properties for sale, with an estimated market value of $3,695,652.

Sale prices for restaurant properties in Vernon Hills, IL start at $3,695,652, averaging $3,695,652, and reaching up to $3,695,652 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Vernon Hills, IL Restaurants for Sale

151 E TOWNLINE RD, Vernon Hills, IL 60061