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216 N Milwaukee Avenue

Lake Villa, IL 60046
  • $995,000
  • STATUS: Active
  • ON SITE: 261 Days
  • MLS #: 10987695
UPDATED: 44 min ago
$995,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,000
    SQFT
  • $71
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989
County:

School Ratings & Info

Description

Great exposure on State Route 83 (N. Milwaukee Avenue) in Lake Villa. This 14,000 sf center has ample parking and frontage on two roads. This 10 unit, 2 building complex lies in a TIF district. Join long-term tenants Sammies, Edward Jones, and Daisy's Artrish Cafe. The west 7,000 sf building is ready for user/buyer to occupy or an investor can lease it up. The vacant building is already demised into 5 units. Lake Villa aggressively pursuing new businesses with tax incentives. Walk to Metra, Post Office, and downtown Lake Villa. Workforce housing/apartments located across the street. New sidewalk on Lake Avenue to be completed this year. Adjoining 20,000 square foot shovel-ready site also available. Over 14,000 vehicles per day on Milwaukee Avenue. Lease with option to purchase will be considered. Space for lease includes already built-out hair and nail salon, retail store, former Chill Martini Bar and office space.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-24T14:00:24.58 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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216 N Milwaukee Avenue Lake Villa, IL 60046

  • Price: $995,000
  • Status: Active
  • Updated: 44 min ago
  • MLS #: 10987695
0
Beds
0
Baths
0
½ Baths
N/A
Acres
14,000
SQFT
$71
$/SQFT
1989
Built
Neighborhood:
Lake Villa / Lindenhurst
County:
Lake
Area:
Lake Villa / Lindenhurst
Property Description
Great exposure on State Route 83 (N. Milwaukee Avenue) in Lake Villa. This 14,000 sf center has ample parking and frontage on two roads. This 10 unit, 2 building complex lies in a TIF district. Join long-term tenants Sammies, Edward Jones, and Daisy's Artrish Cafe. The west 7,000 sf building is ready for user/buyer to occupy or an investor can lease it up. The vacant building is already demised into 5 units. Lake Villa aggressively pursuing new businesses with tax incentives. Walk to Metra, Post Office, and downtown Lake Villa. Workforce housing/apartments located across the street. New sidewalk on Lake Avenue to be completed this year. Adjoining 20,000 square foot shovel-ready site also available. Over 14,000 vehicles per day on Milwaukee Avenue. Lease with option to purchase will be considered. Space for lease includes already built-out hair and nail salon, retail store, former Chill Martini Bar and office space.
Exterior Features

Docks None Exterior Building Type Steel Siding Foundation Details Concrete Perimeter Frontage Type City StreetState Road Outdoor Parking 51-100 SpacesLighted Parking Total 80 Roof Metal Roof Structure Steel Joists Water Drainage Storm Sewers

Interior Features

Cooling Central Individual Flooring Varies Heat Ventilation Forced AirGas Miscellaneous Inside Handicapped AccessMulti-TenantPrivate Restroom/SStorage Inside Number Of TLDocks 0

Property Features

Additional Parcels YN No Building Area Total 14000 Current Use Commercial Electric Circuit BreakersSeparate Meters101-200 Amps Fire Protection Ansul SystemFire Extinguisher/SOther Leasable Area 7600 Location Mixed Use AreaPublic Transport AvailTif Zone Net Operating Income 0 Number Of Tenants 4 Property Offered For Sale Or Rent Property Sub Type Strip Center Rental Price 12 Tax Annual Amount 38131 Tax Year 2019 Tenant Pays Common Area MaintenanceElectricityTaxesInsuranceRepairsScavengerSewerVaries By Tenant Township Lake Villa Type Retail/Stores Utilities Electric To SiteGas To SiteSanitary SewerWater-MunicipalWater To Site Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Robert E. Frank Real Estate.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-10-24T14:00:24.58 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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