0 Lk Cook Rd & Milwaukee AveWheeling, IL 60090

For Sale
Call for price
Prime 17-acre commercial site, MXC zoning, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 17-acre commercial land parcel presents a unique investment opportunity in Wheeling, Illinois. Situated at the southwest corner of Lake Cook Road and Milwaukee Avenue, this property boasts a highly desirable MXC zoning designation, permitting a diverse range of mixed-use residential and commercial developments. The site's strategic location offers unparalleled accessibility, with convenient access to the I-294 highway system, providing seamless connectivity to regional transportation networks. Additional access points are available via Wolf Road, and the Village of Wheeling has approved and will fund a right-in/right-out access point at Route 21, further enhancing its accessibility and logistical advantages. The property benefits from substantial daily traffic volumes, with Lake Cook Road registering 34,300 vehicles per day and Milwaukee Avenue recording 27,400 vehicles per day, ensuring high visibility and potential customer reach. All essential utilities are readily available on-site. This versatile location is ideal for a wide array of development projects, including corporate headquarters, medical facilities, retail centers, or other commercial ventures. A Tax Increment Financing (TIF) district is also available, presenting additional financial incentives for potential developers. This is a rare opportunity to acquire a significant land parcel in a thriving location with excellent infrastructure and development potential. The property's size and zoning make it suitable for large-scale projects that can capitalize on the high traffic counts and strategic location.

Highlights

  • ±17-acre site.
  • Mixed-use (MXC) zoning allows residential and commercial development; Tax Increment Financing (TIF) available.
  • Excellent highway access via I-294.
  • Additional access points possible via Wolf Road and Lake Cook Road (Wheeling-approved right-in/right-out access at Route 21).
  • All utilities available on-site.
  • Suitable for corporate headquarters, medical facilities, commercial, and retail development.

Property Details for 0 Lk Cook Rd & Milwaukee Ave

Property type
Retail properties, Land
Square Feet
1 SF
Lot Size (sq. ft)
740,520 SF

Location Insight

City
Wheeling
County
Cook
State
Illinois
Latitude
42.1526836
Longitude
-87.9138911
Lk Cook Rd & Milwaukee Ave, Wheeling, Illinois

FAQs

What type of property is this?
Retail property - Prime 17-acre commercial site, MXC zoning, high traffic.
Where is the retail property located?
The property is located at Lk Cook Rd & Milwaukee Ave Wheeling, IL.
What are key features of this property?
This property features: ±17-acre site.; Mixed-use (MXC) zoning allows residential and commercial development; Tax Increment Financing (TIF) available.; Excellent highway access via I-294.
How can I contact the broker?
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0 Lk Cook Rd & Milwaukee Ave
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