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    725 Milwaukee Ave Lincolnshire, IL 60069

    For Sale
    $5,250,000

    Prime Medical Retail Space, 52,318 SF

    Property size:
    52,318 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional medical retail property, located at 725 Milwaukee Avenue in Lincolnshire, Illinois (zip code 60069), presents a unique investment opportunity. The building encompasses approximately 52,318 square feet and sits on a sizable 4.07-acre lot. The asking price is $5,250,000, translating to a price per square foot of $100.35. This prime location benefits from high visibility and significant traffic, boasting a daily traffic count of 25,800 vehicles. The property's strategic placement within Lake County ensures convenient access for patients and clients. The 2022 property taxes totaled $137,514.40, and the PIN number is 15-22-206-023. This substantial property offers significant potential for growth and return on investment within a thriving medical market. The building's size and location make it ideal for a variety of medical uses, offering ample space for expansion or multi-tenant occupancy. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Property Features for 725 Milwaukee Ave

    General Information

    Property type
    Medical space
    Square Feet
    52,318 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnshire
    County
    Lake
    State
    Illinois
    Longitude
    -87.929695136395
    Latitude
    42.191671431657

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    FAQs

    What type of property is this?
    Medical space - Prime Medical Retail Space, 52,318 SF
    Where is this medical space located?
    The property is located at 725 Milwaukee Ave Lincolnshire, IL.
    What is the asking price?
    The asking price for this property is $5,250,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    725 Milwaukee Ave Lincolnshire, IL 60069
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