300 Parkway DrLincolnshire, IL 60069

Property Details for 300 Parkway Dr

Lot size

11.33 AC

Property type

Commercial real estate

APN

15-27-206-019

APU

1527206019

Description

This exceptional 75,372-square-foot former movie theater presents a unique redevelopment opportunity in the heart of Lincolnshire, Illinois. Located at 300 Parkway Drive, this property sits on 11.33 acres and boasts a prime location adjacent to the newly developed 444 Social, a 302-unit luxury apartment building. The theater features multiple screening rooms, ADA-compliant bathrooms, high vaulted ceilings, and upgraded fire and safety infrastructure. Ample parking is provided with an 800-space surface lot (10.6 spaces per 1,000 square feet). The property benefits from excellent visibility and exposure due to its location at the signalized intersection of Milwaukee Avenue and Aptakisic Road, experiencing over 40,000 vehicles per day. This location is part of a larger, thriving development including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire (an 80,000-square-foot retail center), City Park Corporate Center (a 73,000-square-foot office building), and Extra Space Storage. The surrounding area is rich with retail options, including a Woodman's Food Market, Starbucks, Panera Bread, and other popular establishments within approximately one mile to the south. Furthermore, the property's proximity to Adlai E. Stevenson High School, one of the largest public schools in the state with approximately 4,100 students, adds significant value. This property offers an excellent chance to capitalize on the strong demographics and vibrant commercial environment of this affluent Northwest suburb, boasting an average household income of approximately $144,000 per year. The property was built in 1998.

• Alternative Use

  Use

  Valuation

  Residential

  $101,955,744

  Hospitality

  $93,390,912

  Educational

  $77,700,144

  Medical

  $80,372,368

  Retail

  $120,866,888

Location Insight

City

Lincolnshire

County

Lake

State

Illinois

Latitude

42.1803

Longitude

-87.9315

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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