SEC Half Day Rd and Milwaukee Ave

SEC Half Day Road and Milwaukee Ave Lincolnshire, IL 60069

SEC Half Day Road and Milwaukee Ave, Lincolnshire, IL, 60069
SEC Half Day Road and Milwaukee Ave, Lincolnshire, IL, 60069 SEC Half Day Road and Milwaukee Ave, Lincolnshire, IL, 60069 SEC Half Day Road and Milwaukee Ave, Lincolnshire, IL, 60069 SEC Half Day Road and Milwaukee Ave, Lincolnshire, IL, 60069 SEC Half Day Road and Milwaukee Ave, Lincolnshire, IL, 60069 SEC Half Day Road and Milwaukee Ave, Lincolnshire, IL, 60069
FOR SALE
Property Type:
Other Land
Amount:
$3,850,000
Last Verified:
Sep 16, 2024

Daily Email Blast
0 times


Highlights

  • Two development parcels at Half Day & Milwaukee in Lincolnshire
  • Stop-light corner site is +/- 3.75 acres (+./-2.75 acres buildable)
  • 416 ft of frontage on Half Day Rd & 252 ft of frontage on Milwaukee Ave.
  • Incredible 55,000 vehicles per day traffic count
  • Adjacent parcel is +/- 3.25 acres buildable (27 acres total including wetlands) with 4-way stop light intersection at Milwaukee Ave and Marriott Drive
  • Many possible uses for both parcels
  • Corner site is available at $2,300,000
  • Adjacent parcel is available at $1,550,000
  • Can be purchased together or individually

Description

High profile corner and adjacent development sites in Lincolnshire, IL. The corner property is approx. 3.75 acres (2.75 acres buildable) at the hard, stop-light corner of Milwaukee Ave & Half Day Road. This high traffic corner boasts a daily traffic count of over 55,000 per day, with 416 ft of frontage on Half Day Road and 252 ft of frontage on Milwaukee Ave and will accommodate a single drive-thru lane for retail/restaurant uses. The adjacent +/.- 3.25 acres site (total of 27 acres including wetlands) is on Marriott Drive. Both sites are adjacent to the Marriott Lincolnshire Resort complex. Close proximity to a full Interchange at I-294/ Half Day Rd. Potential uses for both sites include retail, office, hospitality/hotel, automotive, daycare, medical, 55+ residential, nursing and many others. The parcels can be purchased together or individually.

Lincolnshire, IL is a high income northwest suburb of Chicago. Lincolnshire boasts strong demographics with average annual household incomes approaching $170,000 and average home prices over $500,000 in the immediate area of the property. This location benefits from its immediate proximity to the Marriott Lincolnshire Resort complex, the Lincolnshire Village Hall, and many immediate area retailers including Walgreens, McDonald's, Walker Brothers, Tom's Price Furniture and BP to name a few. There are also many office parks and residences surrounding the property.

Lot Size: 3.75 acres


Documents

Lincolnshire Development Sites Brochure

Map of SEC Half Day Road and Milwaukee Ave, Lincolnshire, IL, 60069

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.