Property summary
This exceptional 17-acre commercial land parcel presents a remarkable investment opportunity in Lincolnshire, Illinois. Strategically located at the southwest corner of Lake Cook Road and Milwaukee Avenue, this property boasts a highly desirable MXC zoning designation, permitting mixed-use residential and commercial development. Its prime location offers unparalleled access to major transportation arteries, including I-294, ensuring convenient connectivity for residents and businesses alike. The site benefits from substantial daily traffic counts, with over 21,400 vehicles traversing Milwaukee Avenue and over 33,900 on Lake Cook Road. Furthermore, the property's proximity to Prairie Park at Wheeling, a luxury condominium development, underscores its potential for high-end residential construction. Utilities are readily available, and convenient access is provided via Lake Cook Road, with a completed bridge access and additional access from Wolf Road. Off-site detention is already in place, simplifying the development process. The property is situated within the highly-rated Wheeling Community Consolidated School District 21 and High School District 214, adding to its appeal. This exceptional location, coupled with its zoning and infrastructure advantages, makes this a truly unique opportunity for a lucrative development project. The asking price is $7,000,000. Detailed information is available upon request.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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