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Rivertree Court 701 N Milwaukee Ave 8,143 - 22,969 SF of Retail Space Available in Vernon Hills, IL 60061
Highlights
- Two large box spaces of 8,143 SF and 14,826 SF available for lease.
- Anchored by top national retailers including Best Buy, Burlington, Ross, and T.J. Maxx.
- Strong performing power center with excellent soft goods co-tenancy.
- Located at the signalized intersection of Milwaukee Avenue and Townline Road with 67,000 VPD.
- Surrounded by a dense, affluent population with average household incomes exceeding $150,000 within 3 miles.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 200 | 8,143 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 220 | 14,826 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
701 N Milwaukee Ave - 1st Floor - Ste 200
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
701 N Milwaukee Ave - 1st Floor - Ste 220
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Rivertree Court
- Tenant
- Description
- US Locations
- Reach
- Best Buy
- Consumer Electronics
- 1,187
- International
- Discovery Clothing Company
- Ladies' Apparel
- 30
- National
- Half Price Books
- Books
- 124
- National
- Kirkland's
- Furniture/Mattress
- 461
- National
- Michaels
- Art/Crafts
- 1,436
- International
- Old Navy
- Unisex Apparel
- 1,357
- International
| Tenant | Description | US Locations | Reach |
| Best Buy | Consumer Electronics | 1,187 | International |
| Discovery Clothing Company | Ladies' Apparel | 30 | National |
| Half Price Books | Books | 124 | National |
| Kirkland's | Furniture/Mattress | 461 | National |
| Michaels | Art/Crafts | 1,436 | International |
| Old Navy | Unisex Apparel | 1,357 | International |
Property Facts
| Total Space Available | 22,969 SF | Gross Leasable Area | 341,981 SF |
| Center Type | Power Center | Total Land Area | 37.94 AC |
| Parking | 3673 Spaces | Year Built | 1988 |
| Stores | 44 | Cross Streets | Townline Rd |
| Center Properties | 8 |
| Total Space Available | 22,969 SF |
| Center Type | Power Center |
| Parking | 3673 Spaces |
| Stores | 44 |
| Center Properties | 8 |
| Gross Leasable Area | 341,981 SF |
| Total Land Area | 37.94 AC |
| Year Built | 1988 |
| Cross Streets | Townline Rd |
About the Property
Rivertree Court is a high-traffic power center located at the intersection of Milwaukee Avenue and Townline Road in Vernon Hills, Illinois. This premier retail destination offers two large box spaces of 8,143 SF and 14,826 SF, providing an exceptional opportunity for retailers seeking strong co-tenancy and visibility. The center is anchored by nationally recognized brands including Best Buy, Burlington, Ross Dress for Less, T.J. Maxx, Old Navy, Michaels, and Five Below, ensuring consistent customer draw and robust foot traffic. Positioned along a major retail corridor with traffic counts exceeding 67,000 vehicles per day, Rivertree Court benefits from excellent accessibility and exposure. The surrounding trade area features a dense population base with high household incomes, creating a favorable environment for retail success. Nearby amenities include a wide range of dining, entertainment, and shopping options, further enhancing the appeal of this location. With its strong tenant mix, ample parking, and proximity to major highways, Rivertree Court offers retailers a prime opportunity to establish or expand their presence in one of Chicago’s most dynamic suburban markets.
- Banking
- Restaurant
- Signage
Nearby Major Retailers
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Rivertree Court | 701 N Milwaukee Ave
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