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    2001-2055 Milwaukee Ave Lincolnshire, IL 60015

    Sponsored
    For Lease
    $288 SF/Yr

    Prime Retail Space Available in Lincolnshire, IL

    Lot size:
    30,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, The Shoppes of Riverwoods, located at 2001-2055 Milwaukee Avenue in Lincolnshire, IL (zip code 60015), presents a compelling investment opportunity. The 30,280 square foot strip center, built in 2003, boasts nine suites and currently has 10,104 square feet of vacant space available. Units range from a minimum of 2,100 square feet to a maximum contiguous space of 4,500 square feet, with three units currently available for lease. The property sits on a 7.62-acre lot and is zoned B-1, ensuring flexibility for a variety of retail uses. The asking rent is $24 to $28 per square foot, triple net (NNN), with taxes at $3.14 per square foot and CAM charges of $7.44 per square foot. The property benefits from high visibility on Milwaukee Avenue, a major thoroughfare with a high volume of traffic (30,600 vehicles per day), and enjoys a strong location across from Woodman's Markets. Existing co-tenants include popular businesses such as Jimmy John's and Orange Theory Fitness, creating a vibrant and attractive retail environment. This property offers a unique chance to acquire a well-located retail center with significant upside potential. The property's size and layout provide opportunities for both single and multi-tenant occupancy.

    Property Features for 2001-2055 Milwaukee Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,280 SF
    Total Rate
    726720

    Building Details

    Year Built
    2003

    Unit(s) available at that property

    Space
    2025
    Size
    4,272 SF
    Rate per SF
    $336
    Space
    2001
    Size
    3,000 SF
    Space
    2011
    Size
    1,440 SF

    HighLights

    • 1,440‑4,500 SF Available
    • Two Suites Available
    • $24-$28/SF NNN Rent
    • $3.14/SF Taxes
    • $7.44/SF CAM
    • 30,600 VPD on Milwaukee Avenue
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    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
    -87.9217895
    Latitude
    42.1704257

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space Available in Lincolnshire, IL
    Where is this neighborhood center located?
    The property is located at 2001-2055 Milwaukee Ave Lincolnshire, IL.
    What is the lease rate?
    The lease rate is $0.00-$336 SF/Yr.
    What are key features of this property?
    This property features: 1,440-4,500 SF Available; Two Suites Available; $24-$28/SF NNN Rent
    Request Owner's contact information
    2001-2055 Milwaukee Ave Lincolnshire, IL 60015
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    Lincolnshire, IL 60015
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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
    2001-2055 Milwaukee Ave Lincolnshire, IL 60015
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