651-781 N Milwaukee Ave
Wheeling, IL 60090 Des Plaines/Arlington Hts Corridor

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.