For Lease
$18.50/SF/YR

50 Milwaukee Ave Lake Villa, IL 60046

Prime medical office suites available. Lake Villa, IL.

Overview

Added:
Dec 11, 2024
Days on market:
131
This two-story, 15,000 square foot medical building in Lake Villa, IL, offers exceptional leasing opportunities for healthcare professionals. Located at 50 S Milwaukee Ave, this 1997-built property features seven suites ranging from 625 to 1,950 contiguous square feet, with 6,400 square feet currently vacant. The building boasts a modern elevator, ample parking (35 spaces), and a common area lobby with public restrooms. A new owner is currently enhancing the property with upgrades including new windows, landscaping, and flooring. Tenant improvement allowances are available, and lease rates are competitive, including CAM, garbage/recycling, and heat. Tenants are responsible for electricity and internet. The building's zoning is commercial, situated on one acre of land in Lake County (IL), and is conveniently located near Grand Avenue. Several new tenants have already committed, including a psychotherapy office, sleep disorders center, and home medical equipment company. This is a fantastic opportunity to establish or expand your practice in a thriving medical community. No NNN lease required.

Highlights

  • High-traffic location at the intersection of Grand Avenue and Route 83.
  • Adjacent to a Walgreens.
  • High visibility with 14,300+ vehicles daily on Milwaukee Avenue. Less than 10 minutes from two commuter rail stations.
  • Excellent signage opportunities.
  • Durable masonry construction.
  • Ample parking with 36 surface spaces.

Property Details for 50 Milwaukee Ave

Property type
Office properties, Medical offices
RSF (Rentable sq. ft)
15,000 SF
Year Built
1997
Buildings
1
Stories
2

Unit(s) available at that property

Space
Unit 102
Size
1,950 SF
Rate per SF
$18.50
Space
Unit 104
Size
1,250 SF
Rate per SF
$18.50

Location Insight

City
Lake Villa
County
Lake
State
Illinois
Latitude
42.41476918
Longitude
-88.07250425
50 Milwaukee Ave, Lake Villa, Illinois

FAQs

What type of property is this?
Office property - Prime medical office suites available. Lake Villa, IL.
Where is the office property located?
The property is located at 50 Milwaukee Ave Lake Villa, IL.
What is the lease rate?
The lease rate is $18.50/SF/YR.
What are key features of this property?
This property features: High-traffic location at the intersection of Grand Avenue and Route 83.; Adjacent to a Walgreens.; High visibility with 14,300+ vehicles daily on Milwaukee Avenue. Less than 10 minutes from two commuter rail stations.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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50 Milwaukee Ave
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