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    216 Milwaukee Avenue

    Lake Villa, IL 60046
    • $1,050,000
    • STATUS: Active
    • ON SITE: 256 days
    • MLS #: 10613226
    UPDATED: 43 min ago
    $1,050,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,000
      SQFT
    • $75
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1989
    County:

    School Ratings & Info

    Description

    Great exposure on State Route 83 (N. Milwaukee Avenue) in Lake Villa. This 14,000 sf center has ample parking and frontage on two roads. This 10 unit, 2 building complex lies in a TIF district. Join long-term tenants Sammies, Chill Martini & Wine Bar, 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 13,000 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, and office space.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2020-09-30T09:51:10.683 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    216 Milwaukee Avenue Lake Villa, IL 60046

    • Price: $1,050,000
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 10613226
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    14,000
    SQFT
    $75
    $/SQFT
    1989
    Built
    Neighborhood:
    Lake Villa / Lindenhurst
    County:
    Lake
    Area:
    Lake Villa / Lindenhurst
    Property Description
    Great exposure on State Route 83 (N. Milwaukee Avenue) in Lake Villa. This 14,000 sf center has ample parking and frontage on two roads. This 10 unit, 2 building complex lies in a TIF district. Join long-term tenants Sammies, Chill Martini & Wine Bar, 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 13,000 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, and office space.
    Exterior Features

    Construction Steel Docks None Foundation Concrete Frontage Access City StreetState Road Location Mixed Use AreaPublic Transport AvailTif Zone Lot Dimensions 241 X 125 X 125 X 282 X 431 Lot Sq Ft 74444 Number Of Parking Spaces 80 Number Of TLDocks 0 Roof Coverings Metal Roof Structure Steel Joists

    Interior Features

    Air Conditioning Central Individual Ceiling Height Ft 9 Fire Protection Ansul SystemFire Extinguisher/SOther Floor Finish Varies Miscellaneous Inside Handicapped AccessMulti-TenantPrivate Restroom/SStorage Inside Number Of Drive In Doors 0 Number Of Stories 1 Outdoor Parking 51-100 SpacesLighted

    Property Features

    Current Use Commercial Electrical Service Circuit BreakersSeparate Meters101-200 Amps Estimated Cam SF 0 Exterior Building Type Steel Siding Extra Storage Spaces Available YN No Gross Rentable Area 14000 Heat Ventilation Forced AirGas Investment YN Yes Known Encumbrances None Known Lease Type Modified Gross Max Avail Sq Ft Rentable 7600 Min Avail Sq Ft Rentable 600 Monthly Rental Price 1400 Net Oper Income Amount 0 Net Rentable Area 14000 Number Of Tenants 5 Possession ClosingNegotiableTenant's Rights Property Offered For Sale Or Rent Rental Price 12 Tax Year 2018 Taxes 35885 Tenant Pays Common Area MaintenanceElectricReal Property TaxesInsuranceRepairs And MaintenanceScavengerWater/SewerVaries By Tenant Township Lake Villa Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-MunicipalWater To Site Water Drainage Storm Sewers Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Robert E. Frank Real Estate.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2020-09-30T09:51:10.683 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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