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    216 N Milwaukee Avenue

    Lake Villa, IL 60046
    • $995,000
    • STATUS: Active
    • ON SITE: 71 days
    • MLS #: 10987695
    UPDATED: 44 min ago
    $995,000
    • 0
      BEDS
    • 1.71
      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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-17T06:54:54.603 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
    1.71
    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

    Construction Materials Steel Siding Docks None Foundation Details Concrete Perimeter Frontage Type City StreetState Road Location Mixed Use AreaPublic Transport AvailTif Zone Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking 51-100 SpacesLighted Parking Total 80 Roof Metal Roof Structure Steel Joists

    Interior Features

    Ceiling Height Ft 9 Cooling Central Individual Electric Circuit BreakersSeparate Meters101-200 Amps Fire Protection Ansul SystemFire Extinguisher/SOther Flooring Varies Heat Ventilation Forced AirGas Leasable Area 7600 Miscellaneous Inside Handicapped AccessMulti-TenantPrivate Restroom/SStorage Inside

    Property Features

    Additional Parcels YN No Current Use Commercial Existing Lease Type Modified Gross Exterior Building Type Steel Siding Extra Storage Spaces Available YN No Gross Rentable Area 14000 Investment YN Yes Known Encumbrances None Known Lot Size Dimensions 241 X 125 X 125 X 282 X 431 Min Avail Sq Ft Rentable 600 Net Rentable Area 14000 Number Of Tenants 4 Property Offered For Sale Or Rent Tax Annual Amount 38131 Tax Year 2019 Tenant Pays Common Area MaintenanceElectricityTaxesInsuranceRepairsScavengerSewerVaries By Tenant Unincorporated YN No Utilities Electric To SiteGas To SiteSanitary SewerWater-MunicipalWater To Site Water Drainage Storm Sewers 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-17T06:54:54.603 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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