Palwaukee Plaza

604 - 698 N Milwaukee Ave, Prospect Heights, IL 60070

Property Information

  • For Lease Contact for pricing
  • Property Type Retail
  • Property Size 113,801 SF
  • Units 72
  • Lot Size 10.47 Acre
  • Year Built 1978
  • Year Renovated 1989
  • Date Updated Sep 24, 2026

Description

Palwaukee Plaza is a multi-tenant retail center located at 604–698 N Milwaukee Avenue at the southwest corner of Milwaukee Avenue and Palatine Road in Prospect Heights, Illinois. The Property is positioned in a densely populated northern suburban trade area with more than 83,000 residents and an average household income exceeding $150,000 within a three (3) mile radius. Milwaukee Avenue (U.S. Route 45) and Palatine Road provide strong regional connectivity, while Interstate 294 (I-294) is located approximately one (1) mile to the east, offering direct access to O’Hare International Airport, downtown Chicago, and the broader metropolitan area. The Prospect Heights Metra Station is located roughly two (2) miles northwest, enhancing commuter and daytime population flow to the corridor. The immediate area is supported by established residential neighborhoods, nearby office and industrial employment centers, and the Chicago Executive Airport (PWK), which sits just a few blocks north along Milwaukee Avenue. The Property benefits from a high-visibility location along Milwaukee Avenue with exposure to more than 58,800 vehicles per day, creating strong daily traffic and consistent customer flow. This stretch of Milwaukee Avenue serves as a well-established commercial corridor anchored by major national retailers and daily-needs operators that draw shoppers from Prospect Heights, Wheeling, Mount Prospect, and Arlington Heights. Retailers in the surrounding area include Costco, Menards, Mariano’s, Jewel-Osco, Planet Fitness, McDonald’s, Dunkin’, Starbucks, Panera Bread, Walgreens, Chipotle, O’Reilly Auto Parts, Fresh Farms International Market, and Citibank, among many others. The combination of affluent demographics, significant traffic counts, strong regional access, and dense surrounding rooftops creates a highly attractive environment for retail tenants seeking visibility, accessibility, and steady consumer demand.Up to 7,326 square feet of retail and office space available for lease at Palwaukee Plaza, a multi-tenant retail center located along Milwaukee Avenue in northwest suburban Prospect Heights. The center totals 113,801 square feet across three (3) buildings along a high-traffic commercial corridor serving Prospect Heights and surrounding northwest suburban communities. Palwaukee Plaza presents an opportunity to join a strong mix of national, regional, and long-standing local tenants including Dollar Tree, Wintrust Bank, Palwaukee Liquor, Rocky’s American Grill, Care For Kids Learning Center, Monica’s, Mango’s, Bravo Bakery, Mi Dulce Michoacana, APM Dental, Doggy Daydream, and State Farm, among others. The property features multiple access points, prominent monument signage providing excellent visibility (~58,800 VPD) and convenient access.The center is surrounded by dense residential neighborhoods and nearby national retailers including Walmart, LA Fitness, Home Depot, McDonald’s, Starbucks, O’Reilly Auto Parts, Binny’s Beverage Depot, T.J. Maxx, and Panera Bread, among many others.

Highlights

  • Ample on-site parking with approximately 605 surface parking spaces
  • Available spaces ranging from approximately 400 square feet up to 7,326 square feet, suitable for a variety of retail, service, medical, and professional office users
  • Opportunity to lease retail and office space at Palwaukee Plaza, a well-located multi-tenant retail center along North Milwaukee Avenue (58,800 VPD)

8 Spaces Available

664-203B (Office)

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

1,030 SF

Divisible Space

1,030 - 1,030 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

664-204 (Office)

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

402 SF

Divisible Space

402 - 402 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

664-204A (Office)

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

510 SF

Divisible Space

510 - 510 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

664-622

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

904 SF

Divisible Space

904 - 904 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

664-654A

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

2,400 SF

Divisible Space

2,400 - 2,400 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

Location

Contact Listing Broker
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