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Regal Cinemas & IMAX 300 Parkway Dr 75,273 SF 4-Star Retail Building Lincolnshire, IL 60069 For Sale

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INVESTMENT HIGHLIGHTS

  • Opportunity to acquire a former Regal IMAX Theater with tons of infrastructure in-place
  • Submerged within an affluent northwest suburb with an average household income of approximately $144,000/yr
  • Part of a larger development including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire, City Park Corporate Center

EXECUTIVE SUMMARY

Receivership Sale: Opportunity to acquire the former Regal Lincolnshire & IMAX Theater located at 300 Parkway Drive in north
suburban Lincolnshire (Chicago MSA). The 75,372 SF former movie theater sits on 11.33-acres and is well located within
Lincolnshire, adjacent to the newly developed 444 Social, a 302-unit luxury apartment building. The Property features several
screening rooms, ADA compliant bathrooms, vaulted ceiling heights, upgraded fire and safety infrastructure, an 800 surface level
parking lot (10.6/1,000 SF), and monument signage at the signalized intersection (Milwaukee Ave/Aptakisic Rd), providing visibility
and exposure to 40,000+ VPD. The property, located just west of Milwaukee Avenue, a primary north/south thoroughfare within the
northern suburbs, is part of a larger development including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire (a
80,000 SF retail center), City Park Corporate Center (a 73,000 SF office building), and Extra Space Storage. The property is also
surrounded by retail to the north and south including the development approx. one (1) mile to the south including Woodman's Food
Market, Starbucks, Panera Bread, Potbelly, Sunnyside Dispensary, Mod Pizza, and Great Clips, among others. Lastly, the offering
finds itself approx. two (2) miles south of Adlai E. Stevenson High School, which is one of the largest public schools in the State
(approx 4,100 students).

ATTACHMENTS

Sale Brochure

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Movie Theatre
Building Size
75,273 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1998/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
11.33 AC
Parking
1,556 Spaces (20.67 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • Ground
  • 75,273 SF
  • Retail
  • Outparcel
  • Now

Opportunity to lease the former Regal Lincolnshire & IMAX Theater located at 300 Parkway Drive in north suburban Lincolnshire (Chicago MSA). The 75,372 SF former movie theater sits on 11.33-acres and is well located within Lincolnshire, adjacent to the\ newly developed 444 Social, a 302-unit luxury apartment building. The Property features several screening rooms, ADA compliant bathrooms, vaulted ceiling heights, upgraded fire and safety infrastructure, an 800 surface level parking lot (10.6/1,000 SF), and monument signage at the signalized intersection (Milwaukee Ave/Aptakisic Rd), providing visibility and exposure to 40,000+ VPD. The property, located just west of Milwaukee Avenue, a primary north/south thoroughfare within the northern suburbs, is part of a larger development including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire (a 80,000 SF retail center), City Park Corporate Center (a 73,000 SF office building), and Extra Space Storage. The property is also surrounded by retail to the north and south including the development approx. one (1) mile to the south including Woodman's Food Market, Starbucks, Panera Bread, Potbelly, Sunnyside Dispensary, Mod Pizza, and Great Clips, among others. Lastly, the offering finds itself approx. two (2) miles south of Adlai E. Stevenson High School, which is one of the largest public schools in the State (approx. 4,100 students).

Space Size Space Use Position Available
Ground 75,273 SF Retail Outparcel Now

Ground

Size
75,273 SF
Space Use
Retail
Position
Outparcel
Available
Now

Ground

Size 75,273 SF
Space Use Retail
Position Outparcel
Available Now

Opportunity to lease the former Regal Lincolnshire & IMAX Theater located at 300 Parkway Drive in north suburban Lincolnshire (Chicago MSA). The 75,372 SF former movie theater sits on 11.33-acres and is well located within Lincolnshire, adjacent to the\ newly developed 444 Social, a 302-unit luxury apartment building. The Property features several screening rooms, ADA compliant bathrooms, vaulted ceiling heights, upgraded fire and safety infrastructure, an 800 surface level parking lot (10.6/1,000 SF), and monument signage at the signalized intersection (Milwaukee Ave/Aptakisic Rd), providing visibility and exposure to 40,000+ VPD. The property, located just west of Milwaukee Avenue, a primary north/south thoroughfare within the northern suburbs, is part of a larger development including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire (a 80,000 SF retail center), City Park Corporate Center (a 73,000 SF office building), and Extra Space Storage. The property is also surrounded by retail to the north and south including the development approx. one (1) mile to the south including Woodman's Food Market, Starbucks, Panera Bread, Potbelly, Sunnyside Dispensary, Mod Pizza, and Great Clips, among others. Lastly, the offering finds itself approx. two (2) miles south of Adlai E. Stevenson High School, which is one of the largest public schools in the State (approx. 4,100 students).

NEARBY MAJOR RETAILERS

Naf Naf Grill
The Cheesecake Factory
Wildfire
Noodles & Company
RedLine Athletics
Chase Bank
Starbucks
[solidcore]
Anytime Fitness
Orangetheory Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-27-206-019
Land Assessment
$1,275,002 CAD
Improvements Assessment
$317,330 CAD
Total Assessment
$1,592,332 CAD
  • Listing ID: 29555977

  • Date on Market: 2023-09-19

  • Last Updated:

  • Address: 300 Parkway Dr, Lincolnshire, IL 60069

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