Highlights
• Opportunity to acquire a former Regal IMAX Theater with extensive existing infrastructure • Located in an affluent northwest suburb, with average household income of ~$144,000/year • Part of a larger mixed-use development including Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire, and City Park Corporate Center.
Description
This receivership opportunity offers the former Regal Lincolnshire & IMAX Theater, a 75,372-square-foot property located at 300 Parkway Drive in Lincolnshire, a north suburban community within the Chicago MSA. Situated on 11.33 acres, the theater is adjacent to the newly developed 444 Social, a 302-unit luxury apartment building. The property features multiple screening rooms, ADA-compliant bathrooms, vaulted ceilings, upgraded fire and safety systems, an 800-space surface parking lot (10.6/1,000 SF), and monument signage at the signalized intersection of Milwaukee Avenue and Aptakisic Road, providing visibility to over 40,000 vehicles per day. Positioned just west of Milwaukee Avenue, a primary north-south thoroughfare in the northern suburbs, the property is part of a larger mixed-use development that includes Wildfire, Big Bowl, Hampton Inn & Suites, City Park of Lincolnshire (an 80,000-square-foot retail center), City Park Corporate Center (73,000 SF office building), and Extra Space Storage. The surrounding retail corridor includes Woodman’s Food Market, Starbucks, Panera Bread, Potbelly, Sunnyside Dispensary, MOD Pizza, and Great Clips, all within approximately one mile to the south. Additionally, the site is located about two miles south of Adlai E. Stevenson High School, one of the largest public schools in Illinois, serving roughly 4,100 students.
Listing Details
- Tenancy
Single
- Space Type
sports-entertainment
- Sub Category
movie-theater
- Sale Type
Investment Sale
- Date Listed
9/8/2025
- Investment Type
Owner User
- Ground Lease
No
- Parking Info
1,556 Spaces (20.67 Spaces per 1,000 SF Leased)
- Building FAR
0.15
Property Specifics
- Property Name
Regal Cinemas & IMAX | 300 Parkway Dr
- Property Class
A
- No of Buildings
1
- No of Stories
1
- Year Built
1998
- Building Size
75,273 SF
- Lot Size
11.33 AC
- Year Renovated
2017
- APN
15-27-206-019