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195 N Milwaukee Ave 9,500 SF Retail Building Vernon Hills, IL 60061 For Sale
Investment Highlights
- Freestanding 9,500-square-foot building on 1.19 acres in a high-traffic corridor.
- Positioned less than two miles from I-94, providing regional connectivity to Chicago and O’Hare Airport.
- Additional land area for parking with 30 on-site spaces; zoned B1.
- Located along Milwaukee Avenue with approximately 22,000 vehicles per day.
- Surrounded by national retailers including Whole Foods, REI, Nordstrom Rack, and Best Buy.
Executive Summary
195 North Milwaukee Avenue offers an opportunity to acquire a 9,500-square-foot freestanding retail building within an affluent suburban shopping hub in Vernon Hills, part of the Chicago MSA. Positioned along Milwaukee Avenue, which sees approximately 22,000 vehicles per day, the property benefits from excellent accessibility and visibility. Just one mile south of both Hawthorn Mall and Melody Farms, this site is adjacent to one of the region’s premier retail clusters anchored by retailers such as Whole Foods, REI, Barnes & Noble, Nordstrom Rack, and many others. Interstate 94 is within two miles, ensuring direct connectivity to Chicago and surrounding suburbs.
The existing layout features a highly functional showroom, multiple private offices, a reception area, kitchen, restrooms, and warehouse/workshop space with a drive-in door and second-floor offices overlooking the main floor. This configuration is flexible for owner-users seeking showroom, retail, or service opportunities. The surrounding trade area supports high household incomes exceeding $150,000 and average home values over $470,000.
The existing layout features a highly functional showroom, multiple private offices, a reception area, kitchen, restrooms, and warehouse/workshop space with a drive-in door and second-floor offices overlooking the main floor. This configuration is flexible for owner-users seeking showroom, retail, or service opportunities. The surrounding trade area supports high household incomes exceeding $150,000 and average home values over $470,000.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,500 SF
Building Class
B
Year Built
2002
Tenancy
Single
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’ on Milwaukee Avenue
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-03-301-039 | Improvements Assessment | $259,987 |
| Land Assessment | $286,485 | Total Assessment | $546,472 |
Property Taxes
Parcel Number
15-03-301-039
Land Assessment
$286,485
Improvements Assessment
$259,987
Total Assessment
$546,472
Contacts
-
Matt Tarshis -
Andrew Rubin -
Andrew Slovis -
Zack Pearlstein -
Frontline Real Estate Partners
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195 N Milwaukee Ave
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