This property is a nearly fully occupied and stabilized multi-retail center with long-term tenants, offering excellent visibility and high foot traffic. Currently, 90% of the retail spaces are leased, featuring a diverse range of businesses including a donut shop, El Burrito Restaurant, GD, dog grooming, Mr. Smoke, a laundromat, and dry cleaners. The building comprises a 14,400 square foot retail center situated on over 41,800 square feet of land, providing convenient access to Interstate-94, I-294, and Route 53. It is a fantastic potential income producer with ample parking for over 50 cars. The property includes 12 units currently configured for 9 tenants and boasts excellent visibility. *** PLEASE DO NOT DISTURB OR TALK TO TENANTS ***
MIXED USE Prime Investment Opportunity in Wheeling with Low Taxes! Welcome to an unparalleled opportunity for savvy investors and ambitious entrepreneurs alike! Presenting a remarkable 5,000 SF two-story office/retail building in the heart of Wheeling, offering a versatile canvas for your commercial aspirations. Endless Possibilities: This dynamic property is adaptable to a myriad of uses, from multi-family housing to boutique retail, yoga studios to medical offices, and everything in between. With its spacious layout and strategic location, the possibilities are as vast as your imagination. Convenience & Accessibility: Boasting 22 parking spaces and a convenient drive-in door, accessibility is never an issue. Direct ingress/egress onto Wolf Road ensures seamless traffic flow, while its proximity to major thoroughfares like Milwaukee Avenue (IL-21) and Dundee Road (IL-68) offers unparalleled convenience. Positioned just 3.5 miles west of I-294, commuting is a breeze for employees and customers alike. Prime Location & Exposure: With frontage on Wolf Road and exposure to over 8,000 vehicles per day, visibility is guaranteed. Nestled in a bustling area just west of Milwaukee Avenue, this property enjoys the spotlight of high foot traffic and vibrant commercial activity, ensuring your business thrives in the spotlight. Investor's Dream, Owner's Pride: Whether you're an astute investor seeking prime real estate or an ambitious owner/user ready to make your mark, this property promises exceptional returns and enduring value. Low taxes sweeten the deal, making it an even more enticing investment opportunity. Redevelopment Potential: Dream big and seize the opportunity for redevelopment! With zoning permitting up to 4 stories or 50 feet in height, the canvas is yours to reimagine. The Village of Wheeling welcomes visionaries and developers to unlock the full potential of this prized location. Don't miss out on this extraordinary chance to secure your foothold in one of Wheeling's most coveted commercial districts. Whether you're looking to invest, expand, or reimagine, this property offers the perfect foundation for success. Contact us today to schedule a viewing and take the first step towards realizing your commercial ambitions!
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. Gaming Income is near$100,000 annually.
USE FOR A RESTAURANT OR REDEVELOP TO SUIT YOUR NEEDS! Prime location located in Wheeling's Restaurant Row. Fantastic traffic counts, approximately 7300 square feet with custom-built high-quality finishes and situated on 2.43 acres. With a large main dining area, full-service bar, main and prep kitchen plus 3 private party rooms, 3 walk-in coolers-this property checks it all for a high-quality restaurant location with fantastic traffic count exposure, being located on Milwaukee Ave. Combined with an al fresco patio and 111 parking spaces, you won't find a better opportunity in Wheeling. This property can be a redevelopment site and can be joined with another 2.4-acre site next door that is available for sale too.
USE FOR A RESTAURANT OR REDEVELOP TO SUIT YOUR NEEDS! Prime location located in Wheeling's Restaurant Row. Fantastic traffic counts, approximately 7300 square feet with custom-built high-quality finishes and situated on 2.43 acres. With a large main dining area, full-service bar, main and prep kitchen plus 3 private party rooms, 3 walk-in coolers-this property checks it all for a high-quality restaurant location with fantastic traffic count exposure, being located on Milwaukee Ave. Combined with an al fresco patio and 111 parking spaces, you won't find a better opportunity in Wheeling. This property can be a redevelopment site and can be joined with another 2.4-acre site next door that is available for sale too.
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 38,264. Wheeling is more family-centric than the surrounding county with 37.43% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Wheeling, Illinois is $62,478. The median household income for the surrounding county is $59,426 compared to the national median of $57,652. The median age of people living in Wheeling is 37.4 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 17.6 degrees. The average rainfall is approximately 38.2 inches per year, with 34.8 inches of snow per year.