2001-2055 Milwaukee AveLincolnshire, IL 60015

Property Details for 2001-2055 Milwaukee Ave

Year built

2003

Property size (Sq ft)

30,280 SF

Property type

Neighborhood centers

Property subtype

Retail properties

Description

This exceptional retail property, The Shoppes of Riverwoods, located at 2001-2055 Milwaukee Avenue in Lincolnshire, IL (zip code 60015), presents a compelling investment opportunity. The 30,280 square foot strip center, built in 2003, boasts nine suites and currently has 10,104 square feet of vacant space available. Units range from a minimum of 2,100 square feet to a maximum contiguous space of 4,500 square feet, with three units currently available for lease. The property sits on a 7.62-acre lot and is zoned B-1, ensuring flexibility for a variety of retail uses. The asking rent is $24 to $28 per square foot, triple net (NNN), with taxes at $3.14 per square foot and CAM charges of $7.44 per square foot. The property benefits from high visibility on Milwaukee Avenue, a major thoroughfare with a high volume of traffic (30,600 vehicles per day), and enjoys a strong location across from Woodman's Markets. Existing co-tenants include popular businesses such as Jimmy John's and Orange Theory Fitness, creating a vibrant and attractive retail environment. This property offers a unique chance to acquire a well-located retail center with significant upside potential. The property's size and layout provide opportunities for both single and multi-tenant occupancy.

Location Insight

City

Lincolnshire

County

Lake

State

Illinois

Latitude

42.1704

Longitude

-87.9218

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