Vernon Hills, IL Restaurants for sale

Updated: Jun 1

Single-Tenant Ground Leased Restaurant

151 E Townline Rd, Vernon Hills, IL 60061

$3,695,652

3,454 sqft

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.

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See what stands out in Lake County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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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.

Indian Fusion Restaurant with Private Dining

620 N Milwaukee Ave, Libertyville, IL 60048

$299,000

Indian fusion restaurant operating since January 2023 with capacity for about 120 guests and flexible private dining options.

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Mixed-Use Property with Restaurant

1116-1122 North Diamond Lake Road, Mundelein, IL 60060

$1,450,000

Includes an operating restaurant, leased convenience store, and two residential units with supporting site improvements.

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Brewery Restaurant with Patio

169 N Seymour Ave, Mundelein, IL 60060

Contact for pricing

8,198 sqft

Fully built-out brewery and restaurant with indoor dining, private events, and outdoor patio service.

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Established Coffee Shop Business

114 N Milwaukee Avenue, Libertyville, IL 60048

Contact for pricing

Boba tea concept at a Libertyville commercial address with RTAIL zoning.

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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.

Commercial Land with Road Frontage

20420 N Rand Road, Deer Park, IL 60074

$2,500,000

1.94 AC lot

PUD-zoned commercial land with Rand Road frontage and natural gas availability.

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Commercial Land with Street Frontage

1213 Grand Avenue, Waukegan, IL 60085

$559,000

Vacant commercial parcel with B-2 and B-3 zoning at a signalized intersection near retail, transit, and established neighborhoods.

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Signalized Intersection Commercial Land

NEC Route 176 & Westridge Drive, Island Lake, IL 60042

$1,500,000

7.51 AC lot

Mostly level commercial land with water available at a signalized intersection.

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Signalized Corner Commercial Land

1730 W Beach Road, Waukegan, IL 60087

$152,900

1.41 AC lot

Municipal water and sewer are located in the rights-of-way along both adjoining streets.

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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

851-1101 Milwaukee Ave, Vernon Hills, IL 60061

Value Estimation by Request

258,691 sqft

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Restaurants

220 Hawthorn Village Cmns, Vernon Hills, IL 60061

Value Estimation by Request

5,815 sqft 6.38 AC lot

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Vernon Hills, IL Restaurants Market Trends and Statistics

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 average $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.

Vernon Hills, IL Restaurants for Sale

151 E Townline Rd, Vernon Hills, IL 60061