216 N. Milwaukee Ave.

Lake Villa, IL  60046

 

​Status:  Active

Asking Price:  $995,000

​MLS #:  10987695

Type:  Commercial

Zoning:  CB
Unit. SF:  Approx. 14,000

Land SF:  Approx. 74,444

1/23

Great exposure on State Route 83 (N. Milwaukee Avenue) in Lake Villa. This 14,000 sfcenter 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.

Robert E. Frank

robertefrankrealestate@gmail.com

(847) 508-5263