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    255-295 Parkway Dr Lincolnshire, IL 60069

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail, Multiple Units, Lake County

    Lot size:
    78,286 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    City Park at Lincolnshire offers exceptional retail leasing opportunities in a thriving Lake County, Illinois location. This multi-tenant center, totaling 78,286 square feet, boasts a prime location at the southwest corner of Aptakisic Road and Milwaukee Avenue, benefiting from high visibility and exposure to approximately 41,400 vehicles per day. Built in 2001, the property features 338 surface-level parking spaces (a 4.34/1,000 SF ratio). Currently, 39,775 square feet of retail space is available, divisible into units ranging from 2,035 to 14,400 contiguous square feet. Many spaces offer desirable features including second-generation restaurant equipment (walk-in refrigerators and coolers), drive-thru potential, outdoor patio seating, and abundant natural light. The property benefits from its proximity to a strong tenant mix including Advocate Health, Tomahawk Steakhouse, and several other national and local businesses. Furthermore, its location near a new 300-unit multifamily development (444 Social) and Adlai E. Stevenson High School (one of the largest in the state) ensures a robust customer base. The surrounding area is experiencing significant growth, with recent additions such as Woodman's Food Market, CubeSmart Self Storage, and a new retail center featuring Starbucks, Potbelly, Mod Pizza, and Panera Bread. This presents a unique opportunity to establish or expand your business within a dynamic and affluent community. The property's flexible layouts and sizes cater to a variety of retail concepts.

    Property Features for 255-295 Parkway Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    78,286 SF

    Building Details

    Year Built
    2001

    Unit(s) available at that property

    Space
    Suite 311
    Size
    9,800 SF
    Space
    Suite 215
    Size
    2,035 SF
    Space
    Suite 321
    Size
    14,400 SF
    Space
    Suite 317
    Size
    2,350 SF
    Space
    Suite 511
    Size
    8,890 SF
    Space
    Suite 613
    Size
    2,300 SF

    HighLights

    • Up to 15,500 square feet available for lease on Milwaukee Avenue in a rapidly growing commercial area.
    • Multiple units feature existing equipment, ideal for various operators.
    • One drive‑thru available.
    • 338 surface parking spaces (4.34/1,000 SF).
    • Multiple monument signage opportunities on Milwaukee Avenue, high visibility (35,000+ VPD).
    • Less than three miles from the Tri‑State Tollway, providing easy access to Chicago, O'Hare, and surrounding areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnshire
    County
    Lake
    State
    Illinois
    Longitude
    -87.9263347
    Latitude
    42.1798686

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail, Multiple Units, Lake County
    Where is this individual retail property located?
    The property is located at 255-295 Parkway Dr Lincolnshire, IL.
    What are key features of this property?
    This property features: Up to 15,500 square feet available for lease on Milwaukee Avenue in a rapidly growing commercial area.; Multiple units feature existing equipment, ideal for various operators.; One drive-thru available.
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    255-295 Parkway Dr Lincolnshire, IL 60069
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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
    255-295 Parkway Dr Lincolnshire, IL 60069
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