Retail

Vernon Hills, IL Retail Space for Sale

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Retail Space in Vernon Hills
Updated: Mar 7
Retail Space in Vernon Hills

850 N Milwaukee Avenue |, Vernon Hills, IL 60061

Contact for pricing
13,885 sqft
High‑visibility corner location at a super‑regional intersection (Townline Road & Milwaukee Avenue) with 60,000 VPD.
Located directly in front of Hawthorn Mall, undergoing a major mixed‑use redevelopment (635,000 SF retail & 561 multi‑family residences).
Across the street from Mellody Farm, anchored by Whole Foods, Nordstrom Rack, REI, HomeGoods, and Barnes & Noble.
Adjacent to 260 luxury apartments at Mellody Farm.
Divisible ground floor space available: 13,885 SF.
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Staples Retail NNN Property
Updated: Mar 12
Staples Retail NNN Property

1600 N Milwaukee Ave, Vernon Hills, IL 60061

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19,150 sqft
Fee‑simple retail NNN asset with Staples at 1600 N Milwaukee Avenue in Vernon Hills, IL
Staples is operating on an NNN lease with about 13.6 years of primary term remaining
Lease includes one 5‑year option with a 10% rent increase
Rents are stated as 47% below market, creating a mark‑to‑market opportunity
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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 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

Opportunities in Nearby Cities

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

Retail Strip Center with Six Suites
Retail Strip Center with Six Suites

605-625 N Midlothian Rd, Mundelein, IL 60060

Contact for pricing
9,750 sqft 1.22 AC lot

Six-suite retail center with restaurant occupancy and direct exposure at a signalized intersection.

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Hotel-Front Retail Center
Hotel-Front Retail Center

701 N Milwaukee Ave, Wheeling, IL 60090

Contact for pricing
1,050 sqft

Shopping center positioned in front of the Westin Hotel with excellent visibility and ample parking.

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Freestanding Live-Work Building
Freestanding Live-Work Building

322 N Milwaukee Ave, Wheeling, IL 60090

$539,000

Completely remodeled freestanding building with large parking, flexible first-floor space, and an updated apartment upstairs.

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Retail Outlot With Available Building
Retail Outlot With Available Building

301-357 Townline Road |, Mundelein, IL 60060

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Multiple retail build-and-lot options are available for sale, including an out lot with a maximum building size.

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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.

851 Milwaukee Ave
Individual retail properties

851 Milwaukee Ave, Vernon Hills, IL 60061

Estimated value: by Request
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220 Hawthorn Village Cmns
Restaurants

220 Hawthorn Village Cmns, Vernon Hills, IL 60061

Estimated value: by Request
5,815 sqft 6.38 AC lot
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Vernon Hills, IL Retail Space Market Trends and Statistics

Explore 4 retail space for sale in Vernon Hills, IL on our real estate platform. These investment opportunities span a total of 33,035 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Shopping centers 5
Showrooms 2
Grocery and convenience stores 1

Demographics Overview

Population 28K
Population Growth (5Y) +3.3%
Median Household Income $121,588
College Educated 97.4%

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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