#United States #Wheeling #Hilco Global #Cinergy

Hilco Global's Exciting Offering

Hilco Global, a key player in the real estate market, recently announced an enticing opportunity for investors. The company is presenting a turnkey movie and entertainment complex situated at 401 W. Dundee Road, Wheeling, Illinois. Spanning an impressive area of approximately 36,880 square feet, the property, currently known as Cinergy Dine-In Cinemas, highlights the allure of modern entertainment venues.

Constructed in 2020, this complex serves as a notable anchor of the Wheeling Town Center, a $110 million mixed-use development that has transformed downtown Wheeling. With seven auditoriums featuring 626 luxury recliner seats, it combines state-of-the-art cinema technology with comfort. The venue also boasts a full-service kitchen offering in-seat dining, a well-stocked bar, various lounge areas, and premium amenities that enhance the overall entertainment experience.

The offering comes with a transferrable, city-issued 7b tax incentive, which is advantageous for potential buyers. Designed to be a destination venue, it's capable of generating revenue from various streams. This includes not just movie admissions but also food and beverage sales, concessions, gaming, private events, and specialty programming.

Strategically positioned on a 1.31-acre lot along Dundee Road, this property benefits from exceptional visibility. It attracts roughly 23,000 vehicles daily, showing the potential for significant foot traffic. As part of the vibrant Wheeling Town Center, the complex enjoys proximity to over 100,000 square feet of retail and restaurant space, along with a luxury residential community hosting more than 300 apartments. Its surrounding environment is pedestrian-friendly and transit-oriented, making it appealing to a wide array of visitors.

The site is conveniently adjacent to the Metra station and Heritage Park, further boosting foot traffic from residents and commuters alike throughout the year. Moreover, its high ceilings and modern infrastructure lend it the flexibility for various alternative uses, enhancing its attractiveness for different entertainment needs, experiential retail, or potential redevelopment.

Chet Evans, Senior Director at Hilco Global, emphasized, “The value proposition of this property goes well beyond traditional box office revenue.” He highlighted that the theater's dine-in format, along with its bar and lounge areas, allow it to adapt to modern consumer preferences while providing multiple income streams.

Wheeling's affluent consumer base and robust household incomes make it an ideal location for retail, dining, and entertainment ventures. Within a 10-mile vicinity, nearly 875,000 residents enjoy an average household income exceeding $163,000, underpinning the area's demand for such facilities.

Interested buyers are encouraged to submit offers by the deadline of July 31, 2026. Offers need to be presented on a Purchase and Sale Agreement (PSA), accessible through Hilco Global's Real Estate Sales website. For those seeking further details or wishing to arrange an on-site inspection, Hilco Global has provided key contacts:

• - Chet Evans | (847) 418-2702 | [email protected]
• - Greg Sullivan | (312) 909-4773 | [email protected]

For more insight into the property, including due diligence access and essential information, you are invited to visit the Hilco Global Real Estate Sales Virtual Data Room.

About Hilco Global

Hilco Global is a subsidiary of ORIX Corporation USA, recognized as a diversified financial services firm offering a comprehensive range of professional services and capital solutions to maximize client value and enhance performance across various sectors such as retail, real estate, manufacturing, and more. With a global presence, Hilco Global operates with over 810 professionals on four continents, dedicated to finding solutions for both thriving and challenged businesses, helping them navigate complex situations while enhancing long-term enterprise value. For additional information, explore their official website at www.hilcoglobal.com.