300 Parkway Dr Lincolnshire, IL 60069

The former Regal Lincolnshire & IMAX Theater, a 75,372 square foot property, is available for acquisition through receivership sale. Situated on 11.33 acres in Lincolnshire, a north suburb of Chicago, the property is located at 300 Parkway Drive. The site is adjacent to 444 Social, a recently constructed luxury apartment building with 302 units. The property features multiple screening rooms, ADA-compliant bathrooms, and high vaulted ceilings. Upgraded fire and safety infrastructure is in place. An 800-space surface parking lot provides a parking ratio of 10.6 spaces per 1,000 square feet. Monument signage is located at the signalized intersection of Milwaukee Avenue and Aptakisic Road, offering visibility to over 40,000 vehicles per day. The property is positioned just west of Milwaukee Avenue, a major north-south thoroughfare in the northern suburbs. It is part of a larger development that includes Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire (an 80,000 square foot retail center), City Park Corporate Center (a 73,000 square foot office building), and Extra Space Storage. Retail surrounds the property to the north and south, including a development approximately one mile south featuring Woodman's Food Market, Starbucks, Panera Bread, Potbelly, Sunnyside Dispensary, Mod Pizza, and Great Clips. Adlai E. Stevenson High School, one of the state's largest public schools with approximately 4,100 students, is located approximately two miles south. The surrounding area has seen several developments in recent years which includes a new Woodman's Food Market, CubeSmart and multi-tenant retail centers. The average household income in this affluent northwest suburb is approximately $144,000 per year, and the population within a five-mile radius exceeds 180,000.