Shopping Center

Vernon Hills, IL Shopping Centers for Sale

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Power Center with Retail Tenants
Updated: Apr 11
Power Center with Retail Tenants

700 N Milwaukee Ave, Vernon Hills, IL 60061

Contact for pricing
258,613 sqft
258,613‑square‑foot shopping center in Vernon Hills, Illinois
98.4% occupied with 8 named retail tenants
Southeast corner of Route 60 (Townline Road) and Route 21 (Milwaukee Avenue)
Intersection traffic exceeds 55,000 vehicles daily
38 miles north of downtown Chicago and 60 miles from downtown Milwaukee
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Based on your search, we've compiled 9 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 1 Off-Market properties to explore as potential leads, plus 3 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.

Two-Story Mixed-Use Retail Office
Two-Story Mixed-Use Retail Office

225 E Deerpath Road, Lake Forest, IL 60045

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47,863 sqft

Two-story mixed-use building with retail and office space at a downtown street-corner location.

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Two-Story Mixed-Use Retail Office Center
Two-Story Mixed-Use Retail Office Center

840 S Waukegan Rd, Lake Forest, IL 60045

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53,557 sqft

Forest Square is a two-story mixed-use community center with below-ground heated parking and space for retail and office tenants.

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Fully Leased Four-Unit Strip Center
Fully Leased Four-Unit Strip Center

1500 S. Lake St., Mundelein, IL 60061

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10,000 sqft

Retail center with multiple occupants, individual Lake Street signage, and parking positioned at the front and rear.

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Service-Tenant Shopping Center
Service-Tenant Shopping Center

1501-1575 S Lake St, Mundelein, IL 60060

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89,357 sqft

Shopping center with net-lease arrangements and service-oriented national tenants.

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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
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 Corner Lot
Commercial Corner Lot

12640 W WADSWORTH Road, Beach Park, IL 60087

$750,000
1.36 AC lot

Fully developed commercial parcel positioned at a high-traffic intersection in Beach Park.

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Commercial Land at Signalized Intersection
Commercial Land at Signalized Intersection

40 Acres Randall Road, Elgin, IL 60123

$10,000,000
40.40 AC lot

Large development tract with adjacent sewer and water service near established retail anchors.

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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.

851-1101 Milwaukee Ave
Lifestyle centers

851-1101 Milwaukee Ave, Vernon Hills, IL 60061

Value Estimation by Request
258,691 sqft
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Vernon Hills, IL Shopping Centers Market Trends and Statistics

Explore 2 shopping centers for sale in Vernon Hills, IL on our real estate platform. These investment opportunities span a total of 258,613 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 6
Grocery and convenience stores 2
Showrooms 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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