847-780-8063
300 Parkway Dr, Lincolnshire, IL for Sale
Movie Theatre - FOR SALE
1/12
null | Request Cap Rate

300 Parkway Dr
Lincolnshire, IL 60069


HIGHLIGHTS

  • Opportunity to acquire a former Regal IMAX Theater with tons of infrastructure in-place
  • Part of a larger development including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire, City Park Corporate Center
  • Submerged within an affluent northwest suburb with an average household income of approximately $144,000/yr

OVERVIEW

Receivership Sale: Opportunity to acquire the former Regal Lincolnshire & IMAX Theater located at 300 Parkway Drive in north suburban Lincolnshire (Chicago MSA). The 75,372 SF former movie theater sits on 11.33-acres and is well located within Lincolnshire, adjacent to the newly developed 444 Social, a 302-unit luxury apartment building. The Property features several screening rooms, ADA compliant bathrooms, vaulted ceiling heights, upgraded fire and safety infrastructure, an 800 surface level parking lot (10.6/1,000 SF), and monument signage at the signalized intersection (Milwaukee Ave/Aptakisic Rd), providing visibility and exposure to 40,000+ VPD. The property, located just west of Milwaukee Avenue, a primary north/south thoroughfare within the northern suburbs, is part of a larger development including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire (a 80,000 SF retail center), City Park Corporate Center (a 73,000 SF office building), and Extra Space Storage. The property is also surrounded by retail to the north and south including the development approx. one (1) mile to the south including Woodman's Food Market, Starbucks, Panera Bread, Potbelly, Sunnyside Dispensary, Mod Pizza, and Great Clips, among others. Lastly, the offering finds itself approx. two (2) miles south of Adlai E. Stevenson High School, which is one of the largest public schools in the State (approx 4,100 students).

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Regal Cinemas & IMAX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

1556

LAND DETAILS

LAND ACRES

11.33 AC

LAND SF

493,535 SF

ZONING

-

APN/PARCEL ID

15-27-206-019

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.