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Vacant 20k SF Building 30 W Phillip Rd 20,092 SF Retail Building Vernon Hills, IL 60061 For Sale
INVESTMENT HIGHLIGHTS
- Flexible Zoning Ordinance
- Desirable Demographic Base
- Free & Clear Offering
- Prime Location with Strong Traffic Counts
- Lake County Tax Advantage
EXECUTIVE SUMMARY
CBRE is pleased to present, as its exclusive advisor, the opportunity to acquire a 2.29-acre piece of land that includes a vacant 20,092-square-foot former Bally’s Fitness. This opportunity presents the next owner with the opportunity to utilize the existing building or redevelop the parcel. The current zoning allows for a number of flexible uses. The Property is located less than one mile West of Vernon Hills’ major retail corridor. The corridor features over two million square feet of retail space, with nearly every major national retailer. The Property is strategically located on Townline Road, which sees an average of 34,400 VPD. The Property also has excellent visibility with abundant parking and an accessible road. Additionally, the Property’s zoning allows future investors to redesign the space to meet their expectations. Surrounding the Property is an affluent consumer base with a daytime population of 69,608 within a three-mile radius.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,092 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
2.29 AC
Zoning
OR&D
Parking
169 Spaces (8.41 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $280,404 | |
| Land Assessment | $200,191 | Total Assessment | $480,595 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$200,191
Improvements Assessment
$280,404
Total Assessment
$480,595
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Vacant 20k SF Building | 30 W Phillip Rd
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