Palwaukee Plaza is a multi-tenant retail center located along North Milwaukee Avenue in northwest suburban Prospect Heights, Illinois (Chicago MSA). The Property was renovated in 1989 and totals 113,801 square feet across three (3) buildings, including approximately 10,550 square feet of second-floor professional office space. The center is situated on a 10.47 acre parcel and zoned B-2: Community Business District. Currently, the center is 82% leased. Palwaukee Plaza features a diverse mix of longstanding tenants including Dollar Tree, Wintrust Bank, Palwaukee Liquor, Rocky's America Grill, Care For Kids Learning Center, Monica’s, Mango’s, Bravo Bakery, Mi Dulce Michoacana, APM Dental, Doggy Daydream, and State Farm, among many others. The center generates a strong in-place NOI of approximately $1,004,000, providing investors with stable day-one cash flow and meaningful upside through lease-up and future out lot development. The Property features multiple access points, monument signage, and a large on-site parking lot with 605 surface spaces. The center is strategically positioned along a high-traffic
commercial corridor surrounded by dense residential neighborhoods and several 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 others