Historic Plaza del Lago Shopping Center Sold

Historic Plaza del Lago shopping center sold for the first time in 47 years. The popular retail strip located Wilmette IL is one of the most popular and fun locations to shop or dine. The current owner has had the property since 1971.Historic Plaza del Lago Shopping Center Sold

Plaza del Lago was built-in 1928. Based on a Spanish style architecture and located on Sheridan road. The property is home to many excellent boutiques. The parcel brought $48.3 Million or $482 per square foot.

The 22-acre plot of land at 1515 N. Sheridan Rd. in Wilmette at one time was called “No man’s land”. Now Plaza del Lago boasts a robust mix of on-trend and classic with its diverse mix of leading retailers, one-of-a-kind boutiques, distinctive restaurants, grocery and services.

The shopping center is not known for expensive boutiques. It is currently 91 percent leased largely to necessity-oriented retailers. Its tenants include Jewel-Osco, CVS, Northshore University Health System, Starbucks, Barhop’s Seafood and John Plunkett Interiors. Jewel-Osco.

The great location right across the street from the Wilmette Lakefront helps to make the Plaza del Lago very popular. East Wilmette residents can easily walk to the location to shop and dine spending leisurely time.

During the Summer casual concerts are held for free. They offer a wide variety of music. People can bring chairs and their children. To dine and dance to the music is a wonderful time for all.

Wilmette is a desired community to raise a family. Children will attend excellent schools including New Trier High School. In the past decade, many new restaurants have opened in downtown Wilmette IL making the village even more desirable.

Historic Plaza del Lago Shopping Center Sold

People can get to downtown Chicago in about 30 minutes via the Meta or EL trains. The community has all types of homes from vintage to modern styles. Give us a call at Coldwell Banker Wilmette if you are interested.

We can be reached at (800) 858-7917.