475 Milwaukee AveLincolnshire, IL 60069

For Lease
$13.50/SF/YR

Grocery store space, high traffic area, excellent visibility.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 23,860-square-foot single-tenant retail building, constructed in 2013, is ideally situated at the signalized intersection of Milwaukee Avenue and Half Day Road (Route 22) in Lincolnshire, Illinois. The property boasts a prime location with four points of ingress/egress, ensuring convenient access for customers. The building features 20,414 square feet on the first floor and a 3,446-square-foot mezzanine, providing ample space for a variety of retail uses. With 139 parking spaces (5.8 spaces per 1,000 square feet), ample parking is readily available. The property sits on a 4.17-acre lot and includes a TPO roof. Benefit from prominent monument signage on both Milwaukee Avenue and Route 22, maximizing visibility and brand recognition. The property is governed by an Operating Expense Agreement (OEA) with the Village of Lincolnshire and Culver's, ensuring cost-effective operation. Low Lake County property taxes further enhance the financial appeal. The location enjoys exceptional demographics and high traffic counts, with 29,368 vehicles per day on Milwaukee Avenue and 22,920 vehicles per day on Route 22. The lease rate is reduced to $13.50 per square foot, NNN, from $15.00 per square foot, NNN. The zoning is R5 and PUD. This is a rare opportunity to secure a high-profile retail space in a thriving Lincolnshire location.

Highlights

  • 23,860-square-foot single-tenant retail building built in 2013.
  • Prime Lincolnshire, IL location at the signalized intersection of Milwaukee Ave and Route 22, with four points of ingress/egress.
  • Features 20,414 SF of ground floor space and a 3,446 SF mezzanine, plus 139 parking spaces (5.8/1,000 SF).
  • 4.17-acre lot with TPO roof and prominent monument signage on Milwaukee Ave and Route 22.
  • Reduced lease rate of $13.50/SF, NNN (previously $15.00/SF, NNN); R5 and PUD zoning; governed by an Operating Expense Agreement.
  • High traffic counts (29,368 VPD on Milwaukee Ave, 22,920 VPD on Route 22), excellent demographics, and low Lake County property taxes.

Property Details for 475 Milwaukee Ave

Property type
Other retail properties, Individual retail properties
RSF (Rentable sq. ft)
23,860 SF
Year Built
2013
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
23,860 SF
Rate per SF
$13.50

Location Insight

City
Lincolnshire
County
Lake
State
Illinois
Latitude
42.198336926501
Longitude
-87.931945848627
475 Milwaukee Ave, Lincolnshire, Illinois

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475 Milwaukee Ave
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