Vernon Hills, IL Restaurants for sale

Updated: May 28

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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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.

High Traffic Restaurant with Gaming

241 S Milwaukee Avenue, Wheeling, IL 60090

$2,099,000

12,000 sqft

Restaurant with gaming in high-traffic location for sale.

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Free-Standing Restaurant with Outdoor Seating

260 S Milwaukee Avenue, Wheeling, IL 60090

$799,900

0.73 AC lot

Free-standing restaurant building on a large parcel with 30 parking spaces and indoor plus outdoor dining for 40-plus guests.

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Turnkey Restaurant with Drive-Thru

1158 E Dundee Rd, Palatine, IL 60074

Contact for pricing

1,744 sqft 0.50 AC lot

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

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Retail, Land, Special Purpose

180 N Smith St, Palatine, IL 60067

$2,500,000

21,500 sqft 1.00 AC lot

Mixed-use properties · 21,500 SF

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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.

Mundelein, IL Commercial Land

331 Plaza Circle lot: 4, Mundelein, IL 60060

$286,000

0.43 AC lot

Commercial land available in Mundelein, Illinois.

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Rand Road Development Opportunity

20420 N Rand Road, Deer Park, IL 60074

$2,500,000

1.94 AC lot

1.91 AC land with Rand Road frontage near retail.

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Commercial Land in High-Traffic Area

502 Belvidere Road, Waukegan, IL 60085

$49,900

0.17 AC lot

Commercial land with high visibility and seller financing options.

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Waukegan Land Development Opportunity

1213 Grand Avenue, Waukegan, IL 60085

$559,000

1.49 AC lot

Prime vacant land for commercial development in Waukegan, Illinois.

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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 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.

Neighborhood	Average Price
60061	$3.7M

Neighborhood

Average Price

60061

$3.7M

Vernon Hills, IL Restaurants for Sale

151 E TOWNLINE RD, Vernon Hills, IL 60061