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850-870 N Milwaukee Ave 1,668 - 15,049 SF of 4-Star Retail Space Available in Vernon Hills, IL 60061
HIGHLIGHTS
- Very strong household income in nearby area
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,303 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor | 1,668 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor | 2,192 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor | 2,886 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Corner visibility at Super-Regional Intersection of Townline Road & Milwaukee Avenue, serving 60,000 VPD Situated directly in front of Hawthorn Mall, which is currently undergoing a major mixed-use redevelopment to include 635,000 SF of retail and 561 multi-family residences Across the street from Mellody Farm - anchored by Whole Foods, Nordstrom Rack, REI, HomeGoods, and Barnes & Noble; plus 260 luxury apartments
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Strong anchor tenants
- Strong nearby population
- Surrounded by medical tenants
2nd Floor
Corner visibility at Super-Regional Intersection of Townline Road & Milwaukee Avenue, serving 60,000 VPD Situated directly in front of Hawthorn Mall, which is currently undergoing a major mixed-use redevelopment to include 635,000 SF of retail and 561 multi-family residences Across the street from Mellody Farm - anchored by Whole Foods, Nordstrom Rack, REI, HomeGoods, and Barnes & Noble; plus 260 luxury apartments
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Strong anchor tenants
- Strong nearby population
- Surrounded by medical tenants
2nd Floor
Corner visibility at Super-Regional Intersection of Townline Road & Milwaukee Avenue, serving 60,000 VPD Situated directly in front of Hawthorn Mall, which is currently undergoing a major mixed-use redevelopment to include 635,000 SF of retail and 561 multi-family residences Across the street from Mellody Farm - anchored by Whole Foods, Nordstrom Rack, REI, HomeGoods, and Barnes & Noble; plus 260 luxury apartments
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,078 SF of adjacent space
- Strong anchor tenants
- Strong nearby population
- Surrounded by medical tenants
2nd Floor
Corner visibility at Super-Regional Intersection of Townline Road & Milwaukee Avenue, serving 60,000 VPD Situated directly in front of Hawthorn Mall, which is currently undergoing a major mixed-use redevelopment to include 635,000 SF of retail and 561 multi-family residences Across the street from Mellody Farm - anchored by Whole Foods, Nordstrom Rack, REI, HomeGoods, and Barnes & Noble; plus 260 luxury apartments
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,078 SF of adjacent space
- Strong anchor tenants
- Strong nearby population
- Surrounded by medical tenants
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 850-870 N MILWAUKEE AVE, VERNON HILLS, IL 60061
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Northwestern Medicine
- MD/DDS
- 125
- Regional
- Options Medical Weight Loss
- MD/DDS
- 22
- National
- SimonMed Imaging
- Health Care
- 114
- National
- T-Mobile
- Wireless Communications
- 8,822
- International
- Uncle Julio's Mexican
- Restaurant
- 38
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Northwestern Medicine | MD/DDS | 125 | Regional |
| Options Medical Weight Loss | MD/DDS | 22 | National |
| SimonMed Imaging | Health Care | 114 | National |
| T-Mobile | Wireless Communications | 8,822 | International |
| Uncle Julio's Mexican | Restaurant | 38 | National |
PROPERTY FACTS
| Total Space Available | 15,049 SF | Gross Leasable Area | 48,942 SF |
| Max. Contiguous | 5,078 SF | Total Land Area | 2.86 AC |
| Property Type | Retail | Year Built | 2016 |
| Property Subtype | Freestanding |
| Total Space Available | 15,049 SF |
| Max. Contiguous | 5,078 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 48,942 SF |
| Total Land Area | 2.86 AC |
| Year Built | 2016 |
FEATURES AND AMENITIES
- Signage
NEARBY MAJOR RETAILERS
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850-870 N Milwaukee Ave
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