City Park at Lincolnshire

City Park at Lincolnshire is located at the SW corner of the signalized intersection at Aptakisic Road & Milwaukee Avenue in Lincolnshire, Illinois. Lincolnshire is an affluent suburb located approximately 26-miles north of Chicago. Lincolnshire became incorporated in 1957 and experienced an aggressive era of expansion in the 90’s leading to the construction of City Park at Lincolnshire along with the Lincolnshire Commons and Lincolnshire Corporate Center. Lincolnshire, a part of Lake County, is in an extremely dense area with a population of over 180,000 within a five (5) mile radius. Additionally, Lincolnshire is home to the award-winning public Adlai E. Stevenson High School . Many global corporations are in Lincolnshire including Aon Hewitt, Zebra Technologies, CDW, and Sysmex, generating a daytime population of over 20,000. The Center is located along the west side of Milwaukee Avenue, providing visibility and exposure to over 35,000 VPD. Milwaukee Avenue is a major north/south thoroughfare in the Northern Suburbs and features a mix of both retail and higher end office space in the immediate area. In recent years, Milwaukee Avenue has undergone major development within close proximity to City Park, specifically at the corner of Deerfield Road & Milwaukee Avenue, including Woodman’s Food Market, CubeSmart Self Storage and a multi-tenant retail center featuring tenants Starbuck’s, Potbelly, Mod Pizza, Panera Bread and T-Mobile. Additionally, there has been recent development just steps away from City Park including 444 Social, a luxurious, high-end apartment complex built in 2019 with over 300 units. Neighboring retailers to City Park include Regal Lincolnshire & IMAX, Par-King, DSW, USPS, AT&T, Orange Theory Fitness, Big Bowl, Wildfire, Walker Brothers, Fleming’s, Naf Naf Grill, Chipotle, Cheesecake Factory, Noodles & Company, and Jimmy Johns, among many others.City Park at Lincolnshire is a multi-tenant retail center located at the southeast corner of the signalized intersection at Milwaukee Avenue & Aptakisic Road in Lincolnshire, Illinois. Lincolnshire is a very affluent northern suburb of Chicago with an average household income of approximately $115,000 within a one (1) mile radius. The offering consists of an 18-unit multi-tenant retail center totaling 71,758 square feet and a freestanding building totaling 6,528 square feet. The Property is currently 32.88% occupied with 10 tenants including FedEx, Advanced Dermatology, Michal’s Imports, Get It Straight, Liquid Fusion, Rooster, Chipy Café, Eyesee Optical, LeBeau Nails and Spa and Skinfo. Of the 10 tenants, eight (8) are currently on NNN leases. At the existing 32.88% occupancy rate, the Property produces a NOI of approximately $323,326 making it a rare opportunity to purchase a cash flowing retail center with the ability to add value via lease-up and stabilization in Chicago's affluent northern suburbs. City Park at Lincolnshire is located within a primary commercial corridor along Milwaukee Avenue. Milwaukee Avenue has seen major development in recent years inclduing Woodman’s Food Market, CubeSmart Self Storage, a multi-tenant retail center featuring Starbuck’s, Potbelly, Mod Pizza and Panera Bread, and 444 Social, a luxurious, high end apartment complex with over 300 units just steps away from City Park. Additionally, City Park features an on-site parking lot totaling 338 surface level spaces (4.34/1,000 SF) an dual-sided monument signage at the corner of Milwaukee Avenue and Aptakisic Road, featuring visibility and exposure to over 51,000 VPD.