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Investment Highlights

  • ADA-compliant restroom and accessible layout for ease of use.
  • Brick/block construction with central air conditioning and gas heating.
  • Furniture and file cabinets included for immediate operational readiness.
  • Includes private office, conference room, break room, and four workstation areas.
  • Close proximity to I-94, facilitating quick connectivity to Chicago and Milwaukee.
  • Low monthly association fee includes snow removal, insurance, and landscaping.

Executive Summary

473 Park Avenue, Unit 500 is located in Lake Villa, Lake County, Illinois, within a business park zoned Limited Industrial (LI-2). The property offers electric, gas, and water utilities on site and provides municipal sewer service. Access routes include Illinois Route 132 and Route 83, connecting to regional thoroughfares and surrounding commercial districts. Parking accommodates approximately 13–18 vehicles. The structure is brick exterior with flat roof construction and includes ceiling tile finishes and HVAC with central air. Nearby uses include commercial and research facilities, financial and professional offices, and service-oriented businesses.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 500
  • 1,500 SF
  • Office
  • $255,387 CAD ($170.26 CAD/SF)
  • -
Sale Type Investment or Owner User
APN/Parcel ID 06-04-207-024
Description
Move in ready! This professional office space features a ceramic tiled entry, 4 work stations, private office, conference room, break room with full size refrigerator, storage room and ADA bathroom. Natural light from abundant windows. Ample parking. Brick/block construction. Central AC and gas forced heat. 200 AMP service. Easy access to I 94 just 8 miles east of Park Place Industrial Park. Warm, earth tone colors.
Sale Notes
Positioned just moments from major transportation routes, this professional office unit offers an owner-user or investor an adaptable and well-designed space in the Lake Villa business market. The property presents a move-in ready configuration that includes a secure ceramic-tiled entry, professional private office, conference room, and multiple workstations complemented by ample natural light through large windows. Additional amenities include a break room with full-size refrigerator, ADA-compliant restroom, and storage area, all supported by robust 200 AMP service, central air, and gas heating.
Situated less than two miles from I-94, the site provides direct access to Chicago and Milwaukee corridors while benefiting from low association fees covering landscaping, snow removal, insurance, and exterior maintenance, ensuring manageable operating costs. The building’s brick/block exterior adds durability and sound insulation, making it suitable for counseling, financial services, law firms, medical billing, or call centers. Offered with all office furniture and file cabinets included, this property simplifies ownership with minimal upfront investment.
Unit Unit Size Condo Use Price NOI
Unit 500 1,500 SF Office $255,387 CAD ($170.26 CAD/SF) -

Unit 500

Unit Size
1,500 SF
Condo Use
Office
Price
$255,387 CAD ($170.26 CAD/SF)
NOI
-

Unit 500

Unit Size 1,500 SF
Condo Use Office
Price $255,387 CAD ($170.26 CAD/SF)
NOI -
Sale Type Investment or Owner User
APN/Parcel ID 06-04-207-024
Description
Move in ready! This professional office space features a ceramic tiled entry, 4 work stations, private office, conference room, break room with full size refrigerator, storage room and ADA bathroom. Natural light from abundant windows. Ample parking. Brick/block construction. Central AC and gas forced heat. 200 AMP service. Easy access to I 94 just 8 miles east of Park Place Industrial Park. Warm, earth tone colors.</li></ul>
Sale Notes
Positioned just moments from major transportation routes, this professional office unit offers an owner-user or investor an adaptable and well-designed space in the Lake Villa business market. The property presents a move-in ready configuration that includes a secure ceramic-tiled entry, professional private office, conference room, and multiple workstations complemented by ample natural light through large windows. Additional amenities include a break room with full-size refrigerator, ADA-compliant restroom, and storage area, all supported by robust 200 AMP service, central air, and gas heating.<br> Situated less than two miles from I-94, the site provides direct access to Chicago and Milwaukee corridors while benefiting from low association fees covering landscaping, snow removal, insurance, and exterior maintenance, ensuring manageable operating costs. The building’s brick/block exterior adds durability and sound insulation, making it suitable for counseling, financial services, law firms, medical billing, or call centers. Offered with all office furniture and file cabinets included, this property simplifies ownership with minimal upfront investment.</li></ul>

Property Facts

The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 8,720 SF
Property Type Industrial (Condo)
Property Subtype Warehouse
Building Class B
Floors 1
Typical Floor Size 8,720 SF
Year Built 2000
Lot Size 0.57 AC
Parking Ratio 2.29/1,000 SF
Zoning L1-2

Amenities

  • Signage
  • Air Conditioning

Utilities

  • Lighting
  • Heating
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 40675522

  • Date on Market: 2026-05-27

  • Last Updated:

  • Address: 473 Park Ave, Lake Villa, IL 60046

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