Courtesy: Berkshire Hathaway HomeServices Chicago
847-510-5000
Welcome to 269 7th Street, Wheeling-an exceptional opportunity to own a well-maintained, all-brick six-unit multi-family building in a highly desirable location. This investment property features three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently occupied, providing immediate income. Value-add potential is a key highlight, as current rents are below market. With two month-to-month tenancies and two below-market leases approaching renewal, the next owner has the opportunity to increase rents and make updates or enhancements at their discretion. Interiors vary in updates but all units feature durable wood laminate flooring. Additional income is generated through a coin-operated laundry in the basement. The property also offers 14 parking spaces, with a newly repaved driveway in 2025. Per owner, major mechanicals include a boiler replaced in approximately 2024, water heaters approximately 5-6 years old, and a roof approximately 10-15 years old. Ideally located in one of Wheeling's most accessible and walkable neighborhoods, on a quiet dead-end street with a mix of residential homes, including single-family properties, the building is just minutes from shopping, dining, the Wheeling Park District, and the vibrant Wheeling Town Center. It is also near the well-known Restaurant Row along Milwaukee Avenue, a historic and popular dining destination. With solid construction, strong tenancy, and clear upside potential, this property is ideal for both seasoned investors and those looking to grow their portfolio. Rare opportunity in today's low-inventory market-don't miss your chance to capitalize on this income-generating asset.
Courtesy: Century 21 Utmost
847-777-1155
Rare opportunity on Milwaukee Ave. High visibility,3200 SF mixed-use building in the heart of Wheeling's vibrant corridor, currently operating as a professional real estate office. This meticulously renovated 2-story property offers ultimate versatility for office, retail, or restaurant use. Featuring a bright open-concept main floor with a fully equipped kitchen and service area. The second level provides additional residential space with three bedrooms and one full bathroom. Massive .31-acre lot includes 16 + dedicated parking spaces-a premium find on this high traffic thoroughfare. B-3 zoning allows for endless possibilities. Move your business here and command the attention your brand deserves!
Courtesy: Berkshire Hathaway HomeServices Chicago
847-510-5000
Excellent restaurant opportunity on the busy Milwaukee Ave in Wheeling IL. Turnkey restaurant with Gaming. Full-service restaurant, bar, and party room on ground level. Huge 3-bedroom apartment on 2nd level already rented out. Basement has another party room, dance floor, bar, 4 walk ins, storage, and bathrooms. annually.
Courtesy: L & B All Star Realty Advisors LLC
312-925-0900
Offered here is an office complex investment opportunity located at 1400 S. Wolf Road, Wheeling, Illinois, in the heart of the Chicago's Northwest suburban market. The property is well accessible from interstate I-294 / Tollway or Route 53 via Palatine Road, and located on a highly visible southwest corner of Wolf & Palatine Roads, and adjacent to the Chicago Executive Airport The complex consisting of two buildings, with a total of 116,226 square feet. Built on slab on grade, the campus consists of two buildings which connect to each other. Building 100, consists of approximately 55,268 rentable square feet, and building 200 consists of a total of 57,866 a rentable square feet. The overall total of rentable space consists of 113,134 square feet. The property's site consists of approximately 352,106 square feet of land, rectangular in shape and level grade, with all utilities available. The site zoned as I-1, Light Industrial and Office District. Once stabilized, this asset presents an opportunity to collect strong current cash flow with a potential for future industrial redevelopment. The complex consists of 22 units, and is currently 70% occupied. In addition, FedEx leases 50 parking spaces under longtime terms till August 2031. Leased office space varies from 1,600 sqft to a high of 23,993 sqft. Vacant space ranges from a low of 138 sqft to a high of 6,915 sqft. As stabilize, total projected monthly income is approximately $136,128 / $1,633,536 yr. Estimated capitalization rate after general expenses is projected at 12.1%. Appeal of suburban low rise office properties affordable a cost-effective option over mid-rise buildings and are ideal for main or satellite locations away from congested urban areas. In addition, the style of building offers 24/7 access, together with tenant-controlled HVAC, and parking adjacent to entrances. Space options allow tenants to either grow or reduce space as needed. Units can be easily expanded by creating a cased wall opening which keeps tenant improvement costs to a minimum.
Courtesy: Entre Commercial Realty, LLC
847-310-4295
Courtesy: Core Realty & Investments, Inc
224-235-4336
Armchair investment opportunity! Prime office/retail 2 -story building for sale on busy Milwaukee rd.21! Build in 1967, good condition! Perfect regional location, only 5 minutes off Willow rd. and I-294.next to Chicago Executive Palwaukee airport! 23 Private suites with variety of sizes and configuration from 300 SQ FT to 2700 SQ FT.! 60 parking spots generated extra income! High occupancy rate, only 3 units currently vacant! ALL units have private entrances, reception area 2-3 offices, closets. Some has storage, washroom, kitchen and conference room. Ideal for variety business: medical/dental, attorney, CPA, Real Estate, contractors. Building has elevator, bathrooms on each floor, central air and plenty of parking spaces. Great road exposure!!! Ready for new owner!
Courtesy: Entre Commercial Realty, LLC
847-310-4295
pleased to jointly offer this industrial building for sale in Wheeling, Illinois. The masonry building built in 1962 and 1969 totals 96,959 square feet(SF) of mostly warehouse type industrial space with the front office portion along Noel Avenue totaling 6,500 SF and the Northeast 2 story office portion adding 3,424 of additional office space. The roof and parking lot have been replaced within the last 2 years and the building is in good condition. The building is zoned I-2 and has heavy power, 14' ceilings, 5 truck docks, 1 drive in door, floor drains, and can accommodate outside parking on the 5.12 acre lot. The warehouse portions of the building are broken up into 6 distinct sections that are internally connected by roll-up doors. Ideal for large single user or multi-tenant users. The current divisions are as follows: * Unit 1 35,708 SF Warehouse * Unit 2 18,000 SF Warehouse * Unit 3 13,920 SF Warehouse * 6,500 SF Front Office (divisible) * Unit 4 6,204 SF Warehouse w/ 1,711 SF Office and 2nd Floor Office * Unit 5 3,900 SF Warehouse * Unit 6 8,850 SF Warehouse The building is currently occupied by Precision Paper Tube Company, which would stay on as a tenant and lease back about 12 of the building, or vacate entirely, depending on which option is better for the buyer. A new buyer could potentially take advantage of the 6B program to help alleviate the real estate tax burden.
Wheeling is located in Illinois. Wheeling, Illinois has a population of 39,104. Wheeling is more family-centric than the surrounding county with 32.13% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Wheeling, Illinois is $74,331. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Wheeling is 39.1 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 16.7 degrees. The average rainfall is approximately 36.2 inches per year, with 36 inches of snow per year.
