300 Milwaukee AveLake Villa, IL 60046

Property Details for 300 Milwaukee Ave

Year built

1990

Construction

BRICK

Lot size

2.77 AC

Property size (Sq ft)

20,509 SF

Property type

Retail space

APN

02-33-302-006

APU

233302006

Description

This exceptional retail opportunity is located at 300 N Milwaukee Ave, Lake Villa, IL 60046, within the Crossing Plaza strip center. The property boasts a total of 20,509 square feet across 12 units, offering a diverse tenant mix. Currently, three units are available, presenting a unique chance for expansion or new business establishment. Two units offer 1,200 square feet each, ideal for a variety of retail uses. A highly desirable 2,400-square-foot end-cap unit is also available, perfectly suited for a restaurant or convenience store, benefiting from high visibility and ample space. The property sits on a 2.77-acre lot and was built in 1990. The single-story building is zoned SB and is located in Lake County's thriving Lake County submarket, near the cross street of Cedar Ave. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 2,400 square feet. This prime location offers excellent visibility and accessibility, making it an attractive investment for businesses seeking a strong presence in a busy commercial area. Don't miss this chance to secure your space in this established and successful retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $5,443,621

  6.5%

  $5,024,880

  7%

  $4,665,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,246,990

  Geo Method

  $6,731,669

• Alternative Use

  Use

  Valuation

  Residential

  $4,238,675

  Hospitality

  $3,882,604

  Educational

  $3,230,280

  Medical

  $3,341,375

  Retail

  $5,024,880

Location Insight

City

Lake Villa

County

Lake

State

Illinois

Latitude

42.4202

Longitude

-88.0785

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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