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Half Day Rd - Half Day Rd, Milwaukee Ave, Marriott Drive

3.25 Acres of Commercial Land Offered at $1,550,000 in Lincolnshire, IL 60069

Investment Highlights

  • Two development parcels at Half Day & Milwaukee in Lincolnshire
  • 416 ft of frontage on Half Day Rd & 252 ft of frontage on Milwaukee Ave | Incredible 55,000 vehicles per day traffic count
  • Corner site is available at $2,300,000 | Adjacent parcel is available at $1,550,000
  • Stop-light corner site is +/- 3.75 acres (+./-2.75 acres buildable)
  • Adjacent parcel is +/- 3.25 acres buildable (27 acres total including wetlands) with 4-way stop light intersection at Milwaukee Ave and Marriott Drive
  • Many possible uses for both parcels, can be purchased together or individually

Executive Summary

Potential uses for both sites include retail, office, hospitality/hotel, automotive, entertainment, medical, 55+ residential, nursing and many others. The parcels can be purchased together or individually.
Lincolnshire, IL is a high income northwest suburb of Chicago. Lincolnshire boasts strong demographics with average annual household incomes approaching $170,000 and average home prices over $500,000 in the immediate area of the property. This location benefits from its immediate proximity to the Marriott Lincolnshire Resort complex, the Lincolnshire Village Hall, and many immediate area retailers including Walgreens, McDonald's, Walker Brothers, Tom's Price Furniture and BP to name a few. There are also many office parks and residences surrounding the property

Property Facts

Price $1,550,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Hospitality
  • Apartment Units - Senior
  • Hotel
  • Medical
Total Lot Size 3.25 AC

1 Lot Available

Lot Parcel 2

Price $1,550,000
Price Per AC $476,923
Lot Size 3.25 AC

+/-3.25 acres buildable on approx. 27 acres parcel Adjacent to the corner 3.75 acres parcel Zoned PUD E Potential uses include: Hotel, 55+ Residential, Auto Dealer, Sports/Recreation, Entertainment, Office, Medical, Nursing, Daycare

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 15-22-200-005
  • 15-15-403-008
  • 15-15-400-182
  • 15-22-200-003
Land Assessment
$31,225
Improvements Assessment
$0
Total Assessment
$31,225

zoning

Zoning Code PUD-E
PUD-E
  • Listing ID: 31113986

  • Date on Market: 3/4/2024

  • Last Updated:

  • Address: Half Day Rd, Lincolnshire, IL 60069

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