195 Milwaukee AveVernon Hills, IL 60061

Property Details for 195 Milwaukee Ave

Lot size

1.19 AC

Property type

Commercial real estate

APN

15-03-301-039

APU

1503301039

Description

This exceptional 9,500-square-foot, two-story Class A retail building presents a rare investment opportunity in desirable Vernon Hills, Illinois. Located at 195 N Milwaukee Ave, 60061, this single-tenant property sits on a 51,836-square-foot lot and boasts a prime location within a bustling commercial area, ensuring high visibility and easy access. Built in 2002, the building is zoned B1 and features a versatile layout suitable for various uses, including daycare, quick-service restaurants, and full-service restaurants. Previous tenants have included Walgreens, Starbucks, Family Dollar, Aspen Dental, and The Learning Experience, demonstrating the property's strong appeal and location advantages. The asking price is $4,750,000, translating to $500 per square foot. The property offers ample parking and is conveniently located near major thoroughfares, providing excellent accessibility for customers and employees. Modern amenities include HVAC systems, restroom facilities, and utility connections, ensuring a comfortable and functional space for any business. The surrounding area features a strong retail sector and affluent demographics, making it an ideal location for a variety of businesses seeking to thrive in a dynamic market. This property offers significant potential for long-term appreciation and stable cash flow, making it an attractive investment opportunity for owner-users. The property's adaptable design allows for seamless adaptation to changing market dynamics, ensuring its continued relevance and value in the years to come. The building's prominent signage opportunities and large windows provide excellent visibility to attract foot traffic and drive-by customers. This is a unique chance to acquire a high-quality retail property in a thriving community.

Location Insight

City

Vernon Hills

County

Lake

State

Illinois

Latitude

42.2297

Longitude

-87.9409

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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