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24803 N Milwaukee Ave 2.98 Acres of Commercial Land Offered at $1,450,000 in Vernon Hills, IL 60061

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EXECUTIVE SUMMARY

Prime Commercial Development Opportunity – 4.8 Acres
Unlock the potential of this 4.8-acre property, consisting of two adjacent parcels zoned General Commercial (GC). Ideally suited for a variety of commercial uses, including retail, hospitality, dining, medical, or other business ventures.
Key Features:
Strategic Location – Overlooking the scenic Des Plaines River
Fully Serviced – Utilities available on-site
Versatile Zoning – Endless commercial possibilities
Existing Structure – House on the property conveyed "AS IS"
General Commercial (GC) zoning is a designation that allows for a broad range of commercial activities intended to serve the local community and regional markets. Properties within this zoning category typically support business, retail, office, hospitality, and service-oriented establishments.
Common Permitted Uses:
Retail stores – Shopping centers, specialty shops, and general merchandise stores
Restaurants & Cafes – Fast food, sit-down dining, and coffee shops
Office buildings – Professional, medical, and corporate offices
Hospitality & Lodging – Hotels, motels, and extended stays
Entertainment & Recreation – Theaters, fitness centers, and amusement facilities
Automotive Services – Car dealerships, repair shops, and gas stations
Medical & Health Services – Clinics, urgent care centers, and pharmacies
Development Standards:
Building height limits – Typically 1-4 stories, depending on location
Setback requirements – Vary based on adjacent zoning and lot size
Parking regulations – Minimum spaces required per square footage of use
Signage restrictions – Size, height, and illumination rules apply
Landscaping & buffer zones – Often required to separate commercial from residential areas
For specific regulations related to General Commercial Zoning in a particular area, it’s best to consult the local zoning ordinance or contact the city’s planning department. Don’t miss this exceptional investment or development opportunity!

PROPERTY FACTS Under Contract

Price $1,450,000
Sale Type Investment or Owner User
Sale Conditions
Build to Suit
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Hospitality
  • Fast Food
  • Healthcare
  • Hold For Development
  • Medical
  • Restaurant
  • Storefront, Retail or Office
  • Strip Center
Total Lot Size 2.98 AC
No. Stories 1
Zoning GC - Broad range of commercial activities to serve the local community & regional markets. Typically retail, office, hospitality & service-oriented

1 LOT AVAILABLE

Lot

Price $1,450,000
Price Per AC $485,861.60
Lot Size 2.98 AC

4.8-acre property, consisting of two adjacent parcels zoned General Commercial (GC). Ideally suited for a variety of commercial uses, including retail, hospitality, dining, medical, or other business ventures.

DESCRIPTION

4.8-acre property, consisting of two adjacent parcels zoned General Commercial (GC). Ideally suited for a variety of commercial uses, including retail, hospitality, dining, medical, or other business ventures.

  • Listing ID: 35011814

  • Date on Market: 3/4/2025

  • Last Updated:

  • Address: 24803 N Milwaukee Ave, Vernon Hills, IL 60061

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