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Vacant 20k SF Building 30 W Phillip Rd 20,092 SF Retail Building Vernon Hills, IL 60061 For Sale

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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.

30 W Philip Brochure_CBRE NRP

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

20,092 SF

Building Class

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

305’ on Townline Rd

Signage

Space Availability

Space
Size
Space Use
Position
Available

1st Floor
20,000 SF
Retail
Outparcel
Now

This is a premier retail pad opportunity located in the center of Vernon Hills, one of Lake County’s most vibrant trade areas. Positioned along W Townline Road (Route 60) with an impressive 37,700 vehicles per day, the site offers exceptional visibility and frontage. Occupiers benefit from strong regional demand sparked by proximity to the recently redeveloped Hawthorn Mall and Mellody Farm Shopping Center, creating a dense hub of top national retailers and amenities that drive consistent traffic. The pad consists of an existing 20,000 SF building with flexibility for multiple redevelopment scenarios including new construction, drive-thru, or build-to-suit. Neighboring tenants include Whole Foods Market, Target, Starbucks, Portillo’s, and Walmart, anchoring this location within a thriving retail ecosystem. With convenient signalized access at Deerpath Drive and the area’s highest daytime office population concentration, this site delivers unmatched convenience and long-term viability for retail, dining, or service uses.