Online Auction Feb 24-26, 2025 Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace https://rimarketplace.com/auction/2299/reit-sale-863k-sf-buildings-31-acres-177k-hh-income-chicago-msa-30k-vpd?utm_source=costar Marcus & Millichap is pleased to exclusively offer for sale the fee simple interest in 4 Overlook Point, a ±31-acre office campus located in Lincolnshire, Illinois. This exceptional offering represents a rare opportunity to acquire a prime redevelopment site in one of Chicago’s most affluent northern suburbs, with substantial upside potential for a variety of uses. WITH A STARTING BID OF $1M, THE PROPERTY IS OFFERED SUBSTANTIALLY BELOW REPLACEMENT COST. 4 Overlook Point currently features ±863,403 gross square feet of Class A office space, which includes two (2) six-story office buildings, one (1) three-story office building, and one (2) two-story connector building. The Property also boasts three (3) structured parking garages with a total of ±2,346 spaces and ±807 surface parking spaces. Built in 1998, the Property’s leases are set to expire in December 2024, providing an excellent opportunity for developers or investors to reposition the site for higher and better uses. This infill location offers developers and investors the flexibility to pursue a variety of redevelopment scenarios. Potential future uses include retail, entertainment, multifamily, luxury for-sale residential, medical office, or mixed-use developments, leveraging the Property’s existing infrastructure and significant acreage. The Village of Lincolnshire has expressed openness to rezoning and Planned Unit Developments (PUDs) to accommodate market-driven redevelopment opportunities. The Property is strategically located on a signalized hard corner along Milwaukee Avenue (IL-45) with ±30,540 vehicles passing the site daily, between Aptakisic Road and Half Day Road (IL-22), ensuring excellent visibility and accessibility. Additionally, its proximity to I-94 offers seamless connectivity to downtown Chicago, just ±40 minutes away. 4 Overlook Point is surrounded by an array of high-end amenities, including fine dining, luxury retail, and recreational facilities. It is also within a short drive of the renowned Adlai Stevenson High School, the #1 ranked suburban high school in Illinois and one of the top-rated school districts in the United States. Lincolnshire’s affluent demographics further enhance the appeal of 4 Overlook Point. The area’s 2023 average household income was ±$170,560, and its highly educated workforce benefits from a dense network of local and regional employers. Within a 5-mile radius, there is a population of ±177,000 and there are more than ±142,000 employees, underscoring the region’s strong economic fundamentals. The offering presents an unparalleled opportunity to acquire a large-scale redevelopment site in a high-barrier-to-entry market. With its prime location, flexible zoning potential, and proximity to Chicago’s Central Business District, 4 Overlook Point is positioned to attract a broad range of development and investment interest. Scott Bowers c/o Fisher Auction Company Inc. License: 040000273