300 N Milwaukee Avenue Lake Villa, IL ^$ 1,850,000

300 N Milwaukee Avenue

^$ 1,850,000

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Recently Listed

300 N Milwaukee Avenue

Lake Villa, IL, 60046

^$ 1,850,000

Bedrooms-- Baths-- Sq 20,509

Monthly Estimate*

^$ 11,391

300 N Milwaukee Avenue, Lake Villa, IL 60046 - Image 1

300 N Milwaukee Avenue, Lake Villa, IL 60046 - Image 2

300 N Milwaukee Avenue, Lake Villa, IL 60046 - Image 3

Commercial Property for sale in Lake Villa, IL

for $1,850,000. This 20,509 square foot building was built in 1990 on a lot size of 2.77339.

Investment Property with value-add opportunity! Crossings Plaza is a well-maintained strip center with great visibility and full ingress / egress. New retaining walls 2026, new parking lot 2025, some sidewalks and curbs replaced 2024, 2001 roof replaced, exterior lights updated 2022, dumpster corellas replace 2022. 16 Unit building 14 units are occupied, 1 - 1,200 sf unit available & 1 - 3,200sf unit available.

Commercial Active

Price

^$ 1,850,000

Property Type

Commercial

Taxes

^$ 65,822

Style

Retail

Lot Size

2.77339

Year Built

1990

Town/City

Lake Villa

County/Region

Lake

MLS | Web ID

12631465

Features

General

Cooling Central Individual

Utilities Electric to Site Natural Gas Available Sewer Connected

Possession Closing

Zoning COMMR

Year Built 1990

Electric Circuit Breakers Separate Meters

Tenant Pays Electricity Heat Janitorial Service Taxes Insurance Sewer

Stories Count 1

Township Lake Villa

Tax Year 2024

Business Type Retail

Assoc Fee Paid Per Not Applicable

County Lake

Net Operating Income 164789

Property Type Commercial Sale Retail/Stores

Status New

Directions At the corner of Route 83(Milwaukee Ave) and Cedar Ave. Northwest of the intersection of Route 132 (Grand Ave) and Route 83 (Milwaukee Ave)

City Lake Villa

Number Of Units Total 16

MLS Area Lake Villa / Lindenhurst

Lot Size Square Feet 120809

Tax Annual Amount 65822.98

Additional Parcels Y/N N

Leasable Area 3600

Standard Status Active

Exterior

Water Source Municipal Water

Building Area Total 20509

Lot Dimensions 370X378X519X220

* Excluded Features

List By

Ilrealty, Inc. Kurchina & Assoc.

Broker

Jill@ilrealtyinc.com

Affordability Calculator

$16,876

Per Month

Monthly Principal & Interest: $11,391
Monthly Property Taxes: $5,485
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lake Villa, IL

Average List Price ^$1,475,000

Percent of Sale Price 20%

About Lake Villa, IL

8,659 Population

29% Since 2002

^$81,346 Median Income

39.8 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/28/2026	$1,850,000		Listed Price

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300 N Milwaukee Avenue, Lake Villa, IL, 60046 is a Commercial Property for sale at $1,850,000 with 20,509 sqft and a lot size of 2.77339. 300 N Milwaukee Avenue was built in 1990. The property's zip code is 60046 which is in Lake Villa, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 4/29/2026.

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300 N Milwaukee Avenue

Commercial Property for sale in Lake Villa, IL

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