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195 N Milwaukee Ave

9,500 SF Retail Building Vernon Hills, IL 60061 $4,750,000 ($500/SF)

Investment Highlights

  • Rare opportunity to own a freestanding retail building in vibrant Vernon Hills.
  • Location - Nestled in vibrant Vernon Hills, this property is surrounded by major thoroughfares and shopping centers.
  • Building is owner occupied, allowing leaseback or flexibility for closing.
  • Size and Layout can accommodate a number of different hospitality or service based businesses.
  • 1/4 mile from the Redevelopment of the Hawthorne Mall including over 400 new residences.

Executive Summary

**Prime Retail Space in Vibrant Vernon Hills** Welcome to a premier commercial opportunity in the heart of Vernon Hills, Illinois. This 9500 square foot retail building offers an unparalleled location for businesses seeking to thrive in a dynamic market. Situated in a bustling commercial area, this property enjoys high visibility and easy access, making it an ideal destination for retail, dining, or service-oriented ventures. **Key Features:** 1. **Size & Layout:** Boasting 9500 square feet of versatile space, this building provides ample room for a variety of business concepts. With an open floor plan, it offers flexibility for customization to suit the needs of any tenant. 2. **Location:** Nestled in the vibrant community of Vernon Hills, this property benefits from its proximity to major thoroughfares and shopping centers. Positioned in a high-traffic area, it ensures constant exposure to a diverse customer base. 3. **Accessibility:** Convenient access is a key advantage of this property. Located near major highways and arterial roads, it ensures easy reach for both local patrons and commuters. Abundant parking spaces further enhance accessibility for customers and employees alike. 4. **Visibility:** With prominent signage opportunities and large windows, this building offers excellent visibility to attract foot traffic and drive-by customers. Its strategic placement within a commercial hub ensures maximum exposure for businesses. 5. **Amenities:** Equipped with modern amenities, including HVAC systems, restroom facilities, and utility connections, this property is ready to accommodate various business needs. High-speed internet and telecommunications infrastructure are available to support seamless operations. 6. **Surrounding Area:** Vernon Hills is a thriving community known for its strong retail sector and affluent demographics. Nearby attractions, including shopping malls, recreational facilities, and dining establishments, contribute to the area's appeal as a retail destination. **Ideal for:** - Retail Stores - Restaurants & Cafes - Fitness Centers - Professional Offices - Showrooms - Entertainment Venues **Don't miss this opportunity to establish your business in one of Vernon Hills' most sought-after locations. Contact us today to schedule a viewing and explore the possibilities this exceptional property has to offer.**

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Sale Conditions
Sale Leaseback
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,500 SF
Building Class
B
Year Built
2002
Price
$4,750,000
Price Per SF
$500
Building Height
2 Stories
Building FAR
0.18
Lot Size
1.19 AC
Zoning
B1
Parking
30 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
278 FT on Milwaukee Avenue

Nearby Major Retailers

U.S. Bank
Planet Fitness
On The Border
Five Guys
MOD Pizza
Noodles & Company
Citi
Ihop Restaurant
Shake Shack
Whole Foods

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-03-301-039
Land Assessment
$270,320
Improvements Assessment
$245,317
Total Assessment
$515,637
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
  • Listing ID: 31641673

  • Date on Market: 3/24/2023

  • Last Updated:

  • Address: 195 N Milwaukee Ave, Vernon Hills, IL 60061

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