Listed by Frontline Real Estate Partners
Unpriced
195 N Milwaukee Avenue
Details
Property Type Retail
Sub Type Commercial
Square Footage 9,500
Year Built 2002
Investment Type Owner/User
Retail | 9,500 SqFt
Marketing description
195 North Milwaukee Avenue presents a rare opportunity to acquire a 9,500-square-foot freestanding retail building in an affluent north suburban retail corridor, approx one (1) mile south of both Hawthorn Mall and Melody Farms, one the premier newer construction lifestyle center in the Chicago MSA. The building is part of a larger development with Kohl's, The Home Depot, Sam's Club, Planet Fitness, Farmers Fresh Market, Planet Fitness, DSW, Chipotle, and Panera, and Extended Stay Stay America. The building is ideally suited for an owner-user seeking a highly functional showroom, retail, or service facility surrounded by big box and national retailers. The existing layout includes an expansive showroom area, a warehouse/workshop component with a drive-in door, multiple private offices, reception area, kitchen, restrooms, and second-floor office/meeting space overlooking the main level. Located along Milwaukee Avenue (~22,000 VPD), less than two (2) miles from Interstate 94, the Property features exceptional visibility and accessibility within one of the northern suburbs’ most established retail corridors. Other neighboring retailers include Whole Foods, Nordstrom Rack, Dick's Sporting Goods, Target, Wal-Mart, Best Buy, Sky Zone, REI, Barnes & Noble, AMC Theaters, and TJ Maxx, among many others.
The Property is located at 195 North Milwaukee Avenue in Vernon Hills, Illinois, along Milwaukee Avenue, one of the area’s primary commercial corridors with traffic counts of approximately 22,000 vehicles per day. The site offers excellent regional accessibility, with Interstate 94 located less than two (2) miles away, providing convenient connectivity to the greater North Shore, Lake County, and the broader Chicagoland area. Vernon Hills is one of the most established retail trade areas in Chicago’s northern suburbs, supported by a strong demographic profile that includes more than 52,848 residents within the surrounding trade area and an average household income of $158,618. Known for its affluent consumer base, strong daytime population, and concentration of national retail tenancy, the area has long served as a premier suburban shopping destination.
The Property is well positioned for an owner-user showroom, retail, or service concept seeking a prominent presence within a dominant retail corridor. The surrounding trade area features a critical mass of national retailers, including Kohl’s, Sam’s Club, Best Buy, The Home Depot, Whole Foods, Old Navy, Dick’s Sporting Goods, Ulta Beauty, Men’s Wearhouse, Michaels, Lowe’s, Panera Bread, Chipotle, Chick-fil-A, Steinhafels, and Planet Fitness, among many others. This established retail ecosystem generates consistent consumer traffic and creates a highly desirable commercial environment for businesses that benefit from visibility, accessibility, and adjacency to proven national concepts. For a showroom or other owner-user concept, the Property offers an opportunity to establish a strong branded presence in a high-income, high-traffic location within one of the northern suburbs’ most active retail nodes.
Investment highlights
- Rarely available 9,500 square foot freestanding building in an affluent north suburban retail corridor
- Strong commercial positioning along Milwaukee Avenue (~22,000 VPD) with convenient access to Interstate-94
- Located approx one (1) mile south of Hawthorn mall and surrounded by big box and national retailers within an affluent and well established north suburban trade area
- The building is part of a larger development including Kohl's, The Home Depot, Sam's Club, Planet Fitness, & DSW
Listing Contacts
Listed by Frontline Real Estate Partners
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