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Prairie Crossings 651-781 N Milwaukee Ave
1,400 - 3,600 SF of Retail Space Available in Wheeling, IL 60090
Highlights
- Located within Milwaukee Avenue’s “restaurant row” featuring upscale national and local restaurant
- + Potential restaurant grant available of up to $150,000 through the Village of Wheeling.
- Above average daytime population within the trade area.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,400-3,600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
751 N Milwaukee Ave - 1st Floor
This property features the potential for development. Proposed building is permitted and approved, ready for construction. Located within the Chicago Northshore Hotel development. Multiple points of access including a signalized full motion curb cut.
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Cross access/parking throughout the devleopment.
- Located within "Restaurant Row"
- Above average daytime population with the area.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Prairie Crossings
- Tenant
- Description
- US Locations
- Reach
- Cooper's Hawk Winery & Restaurant
- Restaurant
- 74
- National
- Devon Bank Llc
- Finance Company
- 12
- National
- Dunkin'
- Donut Shop
- 12,830
- International
- Subway
- -
- -
- -
- Twin Peaks Restaurant
- Restaurant
- 140
- International
| Tenant | Description | US Locations | Reach |
| Cooper's Hawk Winery & Restaurant | Restaurant | 74 | National |
| Devon Bank Llc | Finance Company | 12 | National |
| Dunkin' | Donut Shop | 12,830 | International |
| Subway | - | - | - |
| Twin Peaks Restaurant | Restaurant | 140 | International |
PROPERTY FACTS FOR 651-781 N Milwaukee Ave , Wheeling, IL 60090
| Min. Divisible | 1,400 SF | Gross Leasable Area | 51,510 SF |
| Center Type | Neighborhood Center | Total Land Area | 19.08 AC |
| Parking | 729 Spaces | Year Built | 2007 |
| Center Properties | 6 |
| Min. Divisible | 1,400 SF |
| Center Type | Neighborhood Center |
| Parking | 729 Spaces |
| Center Properties | 6 |
| Gross Leasable Area | 51,510 SF |
| Total Land Area | 19.08 AC |
| Year Built | 2007 |
About the Property
The subejct property is a portfolio sale of four (4) newly constructed outlots to the new Westin Chicago North shore Hotel in Wheeling, Illinois. The outlot parcels include a Claim Jumper and Devon Bank Ground Lease, a Cooper's Hawk Restaurant & Winery, and a Multi-Tenant Retail Building. Three of the parcels, Claim Jumper's, Cooper's Hawk, and the Multi-Tenant Retail Building, can be sold separately while Devon Bank must be sold in conjunction with one of the other three parcels. This investment is a unique opportunity to acquire well-located assets in an estbalished retail/commercial corridor. The subject properties are outltos to the 412 room, 15-story 4-star Westin Hotel that offers a 40,000 SF convention center and upscale restuarants. The subejct properties are located on Milwaukee Avenue (US Route 45) just south of Lake Cook Road. Both Milwaukee Avenue and Lake Cook Road are major commercial thoroughfares throughout Wheeling and the northwest suburbs as evidenced by the high traffic counts of 38,000 and 45,000 vehicles per day respectively, on each artery. These roads also allow quick and easy acces to Interstate 294 and 94. A densley populated, high trafific region northwest of Chicago, the Village of Wheeling is known for its mix of commercial and retail uses within newly developed retail buidings and centers.
Nearby Major Retailers
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Prairie Crossings | 651-781 N Milwaukee Ave
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