Village Commons | Iconic Lake Bluff Property Location

Highlights:

• Diverse Income Stream With Value-Add Opportunity
• Recent Leasing Momentum Underlying Real Estate Fundamentals
• Prime Location in Downtown Lake Bluff - Adjacent to Metra Train Station
• Locational Advantages
• Affluent Demographics with Diverse Consumer Base
• Ample Parking
• Free and Clear Offering
• Sales Terms

Description:

CBRE is pleased to present, as exclusive advisors, Village Commons, a 22,596 SF mixed-use building in the heart of downtown Lake Bluff. The Property is well-positioned within the heart of downtown Lake Bluff, located one block from the Metra station, four miles from I-294, and one mile west of Lake Michigan. The Property’s proximity to the train station and major thoroughfare serves as a draw for the numerous affluent residents that live within the area. As of 2024, Lake Bluff was considered the 15th best suburb to live in Illinois and received an A+ Niche Grade Overall. The Property contains a mix of retail and legacy office tenants, each with a unique specialty, thus emphasizing and adding to the ambiance of Lake Bluff. Additionally, the Property has experienced recent leasing momentum that underlines the important retail fundamentals. With over 10,000 SF of space either extended or renewed, investors can be confident in the desirability of the Property and the commitment of the tenants to stay in their location. Moreover, future owners can step in and lease up to 5,122 SF of vacant space, thus boosting revenue. Village Commons tells a fantastic story and serves as an example of how important it is to meet the needs of the tenants, residents, and village. Ownership will have the unique opportunity to take part in what has served as a staple to the Lake Bluff community by enhancing the area’s appeal and vibrancy.

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