Lk Cook Rd & Milwaukee Ave Wheeling, IL 60090

Property Details for 0 Lk Cook Rd & Milwaukee Ave

Lot size

17.00 lot acres

Property size

1 SF

Property type

Retail properties

Property subtype

Land

Description

This exceptional 17-acre commercial land parcel presents a unique investment opportunity in Wheeling, Illinois. Situated at the southwest corner of Lake Cook Road and Milwaukee Avenue, this property boasts a highly desirable MXC zoning designation, permitting a diverse range of mixed-use residential and commercial developments. The site's strategic location offers unparalleled accessibility, with convenient access to the I-294 highway system, providing seamless connectivity to regional transportation networks. Additional access points are available via Wolf Road, and the Village of Wheeling has approved and will fund a right-in/right-out access point at Route 21, further enhancing its accessibility and logistical advantages. The property benefits from substantial daily traffic volumes, with Lake Cook Road registering 34,300 vehicles per day and Milwaukee Avenue recording 27,400 vehicles per day, ensuring high visibility and potential customer reach. All essential utilities are readily available on-site. This versatile location is ideal for a wide array of development projects, including corporate headquarters, medical facilities, retail centers, or other commercial ventures. A Tax Increment Financing (TIF) district is also available, presenting additional financial incentives for potential developers. This is a rare opportunity to acquire a significant land parcel in a thriving location with excellent infrastructure and development potential. The property's size and zoning make it suitable for large-scale projects that can capitalize on the high traffic counts and strategic location.

Location Insight

City

Wheeling

County

Cook

State

Illinois

Longitude

-87.9139

Latitude

42.1527