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    300 Parkway Dr Lincolnshire, IL 60069

    For Lease
    Contact for pricing

    75,000 SF Former IMAX Theater - Lease

    Lot size:
    75,372 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 75,372 square foot former Regal Lincolnshire & IMAX theater presents a unique lease opportunity. Situated on 11.33 acres in Lincolnshire, IL (Chicago MSA), this single-tenant property boasts several screening rooms, ADA-compliant bathrooms, vaulted ceilings, and upgraded fire and safety infrastructure. An 800-space surface parking lot (10.6 spaces per 1,000 sq ft) and monument signage at a signalized intersection (Milwaukee Ave/Aptakisic Rd) provide excellent visibility to over 40,000 vehicles per day. The property benefits from its location within a larger development, including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire (an 80,000 sq ft retail center), City Park Corporate Center (a 73,000 sq ft office building), and Extra Space Storage. Nearby amenities include a concentration of national retailers such as Woodman's, Potbelly, Starbucks, Panera Bread, and more, further enhancing the property's appeal. The location is also advantageous due to its proximity (approximately two miles south) to Adlai E. Stevenson High School, one of the largest public schools in the state, serving approximately 4,100 students. The affluent surrounding area boasts an average household income of approximately $144,000 per year. This property offers significant potential for a variety of uses, capitalizing on its prime location and existing infrastructure. The property is located in Lake County. The building was constructed in 1998.

    Property Features for 300 Parkway Dr

    General Information

    Property type
    Theaters & concert halls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    75,372 SF

    Building Details

    Year Built
    1998

    Unit(s) available at that property

    Space
    300 Parkway Drive
    Size
    75,273 SF

    HighLights

    • 75,372 SF former Regal Lincolnshire & IMAX theater available for lease on an 11.33‑acre site.
    • Part of a larger development including Wildfire, Big Bowl, Hampton Inn & Suites, an 80,000 SF retail center, a 73,000 SF office building, and Extra Space Storage.
    • Located in affluent Lincolnshire, IL, with an average household income of approximately $144,000 annually.
    • Situated two miles south of Adlai E. Stevenson High School, one of the state's largest public schools.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Theaters & concert halls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -87.9321015
    Latitude
    42.1798955

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    FAQs

    What type of property is this?
    Theater & concert hall - 75,000 SF Former IMAX Theater - Lease
    Where is this theater & concert hall located?
    The property is located at 300 Parkway Dr Lincolnshire, IL.
    What are key features of this property?
    This property features: 75,372 SF former Regal Lincolnshire & IMAX theater available for lease on an 11.33-acre site.; Part of a larger development including Wildfire, Big Bowl, Hampton Inn & Suites, an 80,000 SF retail center, a 73,000 SF office building, and Extra Space Storage.; Located in affluent Lincolnshire, IL, with an average household income of approximately $144,000 annually.
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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
    300 Parkway Dr Lincolnshire, IL 60069
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