630-368-8609
30 W Phillip Rd, Vernon Hills, IL for Sale
Freestanding - FOR SALE
1/9
null | Request Cap Rate

30 W Phillip Rd
Vernon Hills, IL 60061


HIGHLIGHTS

  • Flexible Zoning Ordinance
  • Prime Location with Strong Traffic Counts
  • Desirable Demographic Base
  • Lake County Tax Advantage
  • Free & Clear Offering

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacant 20k SF Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

169

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

OR&D

APN/PARCEL ID

15-05-201-010,15-05-201-020

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
630-368-8609

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Adam ForetCBREMore Info
630-368-8609

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.