2001-2055 Milwaukee Ave Lincolnshire, IL 60015
- Neighborhood centers
- 30,280 SF
Current Use by Public Records
- Neighborhood centers
Property Details for 2001-2055 Milwaukee Ave
- Year built
- 2003
- Property size
- 30,280 SF
- Property type
- Neighborhood centers
- Property subtype
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lincolnshire
- County
- Lake
- State
- Illinois
- Longitude
- -87.9218
- Latitude
- 42.1704
