241 S Milwaukee Avenue Wheeling, IL ^$ 2,895,000

241 S Milwaukee Avenue

^$ 2,895,000

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241 S Milwaukee Avenue

Wheeling, IL, 60090

^$ 2,895,000

Studio Baths0.0 Sq 12,000

Monthly Estimate*

^$ 20,222

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Studio

Commercial Property for sale in Wheeling, IL

for $2,895,000. This 12,000 square foot building was built on a lot size of 1.63494.

Excellent restaurant with 2nd floor apartment for extra income, this is a turn key opportunity on the highly trafficked Restaurant Row on Milwaukee Ave in Wheeling IL. Expansive Full-service restaurant, Separate bar, with gaming 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. All FF&E included in sale of real estate. Name is not included.

Commercial Active

Price

^$ 2,895,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 24,149

Style

Restaurant

Lot Size

1.63494

Town/City

Wheeling

County/Region

Cook

MLS | Web ID

11966502

Features

General

Cooling Central Air Central Individual

Possession Closing

Zoning COMMR

Construction Materials Brick

Electric Three Phase

Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Operating Stops Taxes Insurance Repairs Scavenger Tax Stops

Stories 2

Tax Year 2022

Business Type Restaurant

County Cook

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Status Active

Directions Glenview rd to N Milwaukee ave

City Wheeling

MLS Area Wheeling

Lot Size Square Feet 71218

Street Name Milwaukee

Tax Annual Amount 24149

Additional Parcels Y/N Y

Virtual Tour https://tours.databasedads.com/4593407/241-S-Milwaukee-Avenue-Wheeling-IL?u=1

Days on Market 94

Standard Status Active

Exterior

Building Area Total 12000

Lot Dimensions 122.47X98.81X499.43X422.17X225.33X61.04

Frontage Type Public Road

Interior

Street Suffix Avenue

* Excluded Features

List By

Berkshire Hathaway Homeservices Chicago

Broker

IRess@bhhschicago.com

Affordability Calculator

$22,235

Per Month

Monthly Principal & Interest: $20,222
Monthly Property Taxes: $2,012
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Wheeling, IL

Average List Price ^$2,301,363

Percent of Sale Price 21%

About Wheeling, IL

39,281 Population

7% Since 2002

^$61,129 Median Income

39.33 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/22/2024	$2,895,000	-0.99%	Price Down
3/11/2024	$2,924,000	-0.85%	Price Down
1/25/2024	$2,949,000		Listed Price

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241 S Milwaukee Avenue, Wheeling, IL, 60090 is a Commercial Property for sale at $2,895,000 with 12,000 sqft and a lot size of 1.63494. 241 S Milwaukee Avenue is a studio with 0.0 baths. The property's zip code is 60090 which is in Wheeling, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 4/30/2024.

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241 S Milwaukee Avenue

Commercial Property for sale in Wheeling, IL

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