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Continental Executive Parke I 400 N Lakeview Pky 56,597 SF 22% Leased Office Building Vernon Hills, IL 60061 $3,348,480 CAD ($59.16 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Rare Infill Redevelopment Site – Few parcels of this scale remain in South Lake County with industrial building potential.
  • Located in Continental Executive Park in Vernon Hills with immediate access to I-94, connecting Chicago, O’Hare, and Milwaukee.
  • Corporate & Retail Adjacency – Situated near major corporate campuses, retail centers, and service amenities that enhance tenant appeal.
  • Zoning Advantage – Currently zoned Office/Business Park, allowing for an easy transition to industrial uses.
  • Strong Labor Market – Surrounded by a highly skilled workforce and dense residential base.
  • High-Demand Submarket – Southern Lake County industrial vacancy remains near historic lows, driving demand for modern space.

EXECUTIVE SUMMARY

400 Lakeview Parkway presents a rare infill zoned and improved industrial redevelopment opportunity in the heart of Vernon Hills, Lake County, Illinois. Zoned for business park use with a clear path toward construction of an industrial building, the site offers occupiers, developers and investors a unique chance to reposition a well-located property in one of Chicagoland’s most supply-constrained industrial submarkets. With excellent access to I-94, a strong labor pool, and immediate proximity to major corporate campuses and amenities, this parcel is ideally suited for logistics, light manufacturing, or advanced industrial users. Opportunities of this scale and zoning flexibility are exceptionally scarce in Vernon Hills, making this property a true standout. Investor & Developer Upside – Ideal for warehouse, distribution, light industrial, or advanced manufacturing redevelopment

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
56,597 SF
Building Class
B
Year Built
2000
Price
$3,348,480 CAD
Price Per SF
$59.16 CAD
Percent Leased
22%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
28,299 SF
Slab To Slab
12’
Building FAR
0.28
Lot Size
4.61 AC
Parking
207 Spaces (3.66 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Banking
  • Fitness Center
  • Pond
  • Property Manager on Site

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 100
  • 5,763 SF
  • Office
  • Partial Build-Out
  • Now

Suite 100 is 5,763 SF. It has a nice conference room, kitchen, ten private offices, and two file rooms. Bathrooms are located off suite.

  • 1st Fl - 130
  • 7,931 SF
  • Flex
  • Partial Build-Out
  • Now
  • 1st Fl-Ste 160
  • 2,923 SF
  • Office
  • Partial Build-Out
  • Now
  • 1st Fl-Ste 180
  • 4,526 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl - BTS
  • 12,261 SF
  • Flex
  • Shell Space
  • 30 Days

This is a proposed flex addition to the building. For the right tenant this is build-to-suit. 25' clear heights are proposed with upgraded power and 4 docks. When completed there could be 23,000 sf of flex space and 33,000 sf of office space. This would be perfect for a small to medium sized companies main office.

  • 2nd Fl-Ste 200
  • 23,193 SF
  • Office
  • Partial Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 100 5,763 SF Office Partial Build-Out Now
1st Fl - 130 7,931 SF Flex Partial Build-Out Now
1st Fl-Ste 160 2,923 SF Office Partial Build-Out Now
1st Fl-Ste 180 4,526 SF Office Full Build-Out Now
1st Fl - BTS 12,261 SF Flex Shell Space 30 Days
2nd Fl-Ste 200 23,193 SF Office Partial Build-Out Now

1st Fl-Ste 100

Size
5,763 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl - 130

Size
7,931 SF
Space Use
Flex
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 160

Size
2,923 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 180

Size
4,526 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl - BTS

Size
12,261 SF
Space Use
Flex
Condition
Shell Space
Available
30 Days

2nd Fl-Ste 200

Size
23,193 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 100

Size 5,763 SF
Space Use Office
Condition Partial Build-Out
Available Now

Suite 100 is 5,763 SF. It has a nice conference room, kitchen, ten private offices, and two file rooms. Bathrooms are located off suite.

1st Fl-Ste 160

Size 2,923 SF
Space Use Office
Condition Partial Build-Out
Available Now

1st Fl - BTS

Size 12,261 SF
Space Use Flex
Condition Shell Space
Available 30 Days

This is a proposed flex addition to the building. For the right tenant this is build-to-suit. 25' clear heights are proposed with upgraded power and 4 docks. When completed there could be 23,000 sf of flex space and 33,000 sf of office space. This would be perfect for a small to medium sized companies main office.

2nd Fl-Ste 200

Size 23,193 SF
Space Use Office
Condition Partial Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 15-04-401-009
  • 15-04-401-003
Land Assessment
$651,841 CAD
Improvements Assessment
$737,451 CAD
Total Assessment
$1,389,292 CAD
  • Listing ID: 37962419

  • Date on Market: 2025-10-06

  • Last Updated:

  • Address: 400 N Lakeview Pky, Vernon Hills, IL 60061

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