Vernon Hills, IL Commercial Real Estate for Lease and Sale

Explore 29 listings of Vernon Hills commercial real estate to find the best space for your business.

Marketplace at Vernon Hills

S-SEC Route 21 (Milwaukee Avenue) & Route 60, Vernon Hills, IL
Property

Retail

191,418 SF
Availability

3 Spaces

124,096 SF
For Lease Contact for pricing
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Commercial/Retail Site - Vernon Hills, IL

1252 US-45, Vernon Hills, IL
Property

Other
For Sale

$850,000
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Continental Executive Parke

400 N Lakeview Pky, Vernon Hills, IL
Property

Office

46,386 SF
Availability

4 Spaces

41,683 SF
Year Built

2000
For Lease Contact for pricing
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Hawthorn Village Commons

220 - 288 Hawthorn Village Commons, Vernon Hills, IL
Property

Retail

51,815 SF
Availability

1 Space

1,800 SF
Year Built

1979
For Lease Contact for pricing
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Retail Land
Hawthorn Business Park - 3 Hawthorn Pkwy

3 Hawthorn Pkwy, Vernon Hills, IL
Property

Office

85,687 SF
Availability

6 Spaces

23,015 SF
Year Built

1990
For Lease

$24.82/SF/YR
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Continental Executive Parke

565 Lakeview, Vernon Hills, IL
Property

Office

86,122 SF
Availability

8 Spaces

37,655 SF
Year Built

1989
For Lease

$17.00/SF/YR
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IL, Vernon Hills - Lakeview Pky
Regus
544 Lakeview Parkway 1sr Floor, Vernon Hills, IL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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900-980 WOODLANDS PARKWAY

900-980 WOODLANDS PARKWAY, VERNON HILLS, IL
Property

Industrial

66,660 SF
Availability

1 Space

8,974 SF
For Lease Contact for pricing
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One Hawthorn Place

175 East Hawthorn Pkwy, Vernon Hills, IL
Property

Office

84,779 SF
Availability

5 Spaces

12,759 SF
Year Built

1986
For Lease

$18.50 - $20.00/SF/YR
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Vernon Hills Outlot

Townline Road and Fairway Drive, Vernon Hills, IL
Property

Retail
Availability

1 Space

8,000 SF
For Lease Contact for pricing
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Hawthorn Hills Square S.C.

Townline Rd & Milwaukee Ave, Vernon Hills, IL
Property

Retail

192,624 SF
Availability

6 Spaces

13,044 SF
For Lease Contact for pricing
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Vernon Hills Outlot

Townline Road and Fairway Drive, Vernon Hills, IL
Property

Retail
For Sale

Subject To Offer
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Vernon Hills Commerce Park

Lakeview Pkwy and Fairway Drive, Vernon HIlls, IL
Property

Office

151,925 SF
Availability

6 Spaces

27,400 SF
For Lease Contact for pricing
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Arrive Town Center

1220 East Route 45, Vernon Hills, IL
Property

Retail

34,735 SF
Availability

1 Space

820 SF
Year Built

2010
For Lease

$35.00/SF/YR
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701 WOODLANDS PARKWAY

701 WOODLANDS PARKWAY, VERNON HILLS, IL
Property

Office

30,900 SF
Availability

1 Space

30,900 SF
For Lease Contact for pricing
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950-990 CORPORATE WOODS PARKWAY

950-990 CORPORATE WOODS PARKWAY, VERNON HILLS, IL
Property

Industrial

86,967 SF
Availability

1 Space

10,526 SF
For Lease Contact for pricing
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750-780 CORPORATE WOODS PARKWAY

750-780 CORPORATE WOODS PARKWAY, VERNON HILLS, IL
Property

Industrial

73,328 SF
Availability

1 Space

26,244 SF
For Lease Contact for pricing
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South Lake Industrial Center - Building E

630 Milwaukee Avenue, Vernon Hills, IL
Property

Industrial

165,198 SF
Availability

1 Space

165,198 SF
Year Built

2022
For Lease Contact for pricing
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880 Corporate Woods Parkway

880 Corporate Woods Parkway, Vernon Hills, IL
Property

Industrial

38,249 SF
Availability

1 Space

38,249 SF
Year Built

1989
For Lease Contact for pricing
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130 Lakeview Parkway

130 Lakeview Parkway, Vernon Hills, IL
Property

Industrial

51,591 SF
Availability

1 Space

51,591 SF
Year Built

2023
For Lease Contact for pricing
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471 W Townline Rd

471 W Townline Rd, Vernon Hills, IL
Property

Retail

5,500 SF
Availability

1 Space

5,500 SF
For Lease

$40.00/SF/YR
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Chemical Light BTS

595 Lakeview Parkway, Vernon Hills, IL
Property

Industrial

90,000 SF
Availability

1 Space

51,946 SF
Year Built

1999
For Lease Contact for pricing
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110-130 Lakeview Parkway

110-130 Lakeview Parkway, Vernon Hills, IL
Property

Industrial

143,375 SF
Availability

3 Spaces

104,686 SF
For Lease Contact for pricing
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440 North Fairway Drive

440 North Fairway Drive, Vernon Hills, IL
Property

Industrial

113,000 SF
Availability

2 Spaces

99,579 SF
Year Built

2024
For Lease Contact for pricing
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645-647 North Lakeview Parkway

645-647 North Lakeview Parkway, Vernon Hills, IL
Property

Industrial

87,079 SF
Availability

1 Space

61,250 SF
Year Built

1989
For Lease Contact for pricing
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634 S. Milwaukee Avenue

634 S. Milwaukee Avenue, Vernon Hills, IL
Property

VacantLand
For Sale

$1,800,000
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South Lake Industrial Center - Building B

620 Darling Drive , Vernon Hills, IL
Property

Industrial

191,884 SF
Availability

1 Space

38,679 SF
Year Built

2022
For Lease Contact for pricing
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210 Milwaukee Avenue

210 Milwaukee Avenue, Vernon Hills, IL
Property

Industrial

203,831 SF
Availability

1 Space

203,831 SF
Year Built

1997
For Lease Contact for pricing
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Shoppes of Gregg's Landing

1600 N Milwaukee Ave, Vernon Hills, IL
Property

Retail

19,150 SF
Availability

1 Space

19,150 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Vernon Hills commercial real estate market incorporates 454,899 square feet of office space across 6 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Vernon Hills commercial real estate market includes 470,380 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Vernon Hills market, there is a total of 1,311,162 square feet of industrial property.

The listing inventory in Vernon Hills incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Vernon Hills is represented by Industrial space, which accounts for 860,753 square feet of available listings. Retail space available in Vernon Hills adds up to 173,488 square feet.

Meanwhile, most of the listings of commercial property for sale in Vernon Hills are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Vernon Hills is $20.02 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Vernon Hills can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Vernon Hills, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $24.82 per square foot. In particular, the property type commanding the highest lease rates in Vernon Hills was Office space.

Conversely, the highest sale price last year was $4,190,000 that is located at 830 West End Court.

The average size of a commercial property in Vernon Hills depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Vernon Hills, the average size of an office property is 90,980 square feet.
Retail properties here incorporate an average of 78,397 square feet.
Industrial space in Vernon Hills is in buildings that are, on average 109,264 square feet in size.

Vernon Hills, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Vernon Hills currently add up to 1,208,006 square feet. The market offers 7 active office listing(s), which amount to 174,843 square feet and account for 25% of commercial spaces on the market. Local retail availability includes 172,410 square feet across 7 retail space(s). Industrial space for rent opportunities in Vernon Hills amount to 860,753 square feet across a total of 13 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	7	174,843
Retail	7	172,410
Industrial	13	860,753

Vernon Hills, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Vernon Hills, IL?

What factors affect the price of commercial real estate in Vernon Hills, IL?

What is the average rent for commercial space in Vernon Hills, IL?

What are the best areas for commercial real estate in Vernon Hills, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Vernon Hills, IL?

Vernon Hills, IL Currently Available Listings

Commercial Space for Lease Breakdown

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