HomeReleasesHilco Global Lists Wheeling Entertainment Complex ...
Releases

Hilco Global Lists Wheeling Entertainment Complex for Sale

Hilco Global Lists Wheeling Entertainment Complex for Sale

A 36,880-square-foot movie and entertainment complex in Wheeling, Illinois, is hitting the market as Hilco Global seeks bids for the site by July 31. Currently operating as Cinergy Dine-In Cinemas, the property serves as a primary anchor for the $110 million Wheeling Town Center mixed-use development.

Constructed in 2020, the facility at 401 W. Dundee Road features seven auditoriums equipped with 626 luxury recliner seats, a full-service kitchen, and bar amenities. The site sits on 1.31 acres and benefits from high traffic counts of 23,000 vehicles daily, alongside proximity to a Metra station and a 300-unit luxury residential community. The sale includes a transferable 7b tax incentive, designed to attract investors looking for a turn-key operation with diversified revenue streams beyond ticket sales.

Chet Evans, senior director at Hilco Global, noted that the property functions as a flexible entertainment platform capable of supporting private events and varied consumer demands. The surrounding suburban corridor provides an affluent customer base, with nearly 875,000 residents within a 10-mile radius and average household incomes surpassing $163,000. Interested parties must submit a Purchase and Sale Agreement through the firm's real estate portal by the end of July.

Share:TelegramXFacebook

Read Also

Comments (0)

Leave a comment

No comments yet. Be the first!