123 Wheeling Road Wheeling, IL $ 240,000
123 Wheeling Road
$ 240,000
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123 Wheeling Road

Wheeling, IL, 60090
$ 240,000
Bedrooms-- Baths-- Sq 1,600

Monthly Estimate*

$ 1,478

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Commercial Property for sale in Wheeling, IL

for $240,000. This 1,600 square foot building was built in 1980 on a lot size of 2.33232.

Outstanding opportunity to acquire a well-maintained 1,600 SF industrial condominium in the established South Wheeling Road industrial corridor. This versatile unit offers a functional blend of warehouse and finished office space, ideal for light industrial users, contractors, service businesses, showroom operations, or creative workspace. The warehouse area features a private drive-in overhead door, providing direct and convenient access for vehicles and equipment. In addition, the property benefits from access to a common loading dock, offering added flexibility for shipping and receiving operations. The interior includes finished office build-out, strong electrical capacity, updated mechanical systems, and efficient climate control. Lofted storage provides additional usable square footage, maximizing operational efficiency. Located with easy access to Milwaukee Avenue, Dundee Road, and major expressways, this property offers strong regional connectivity for logistics, employees, and clientele. Professionally managed industrial condo association maintains exterior and common elements. Ideal for owner-occupants seeking a flexible industrial footprint or investors looking for a well-located suburban industrial asset.

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Commercial Active

Price

$ 240,000

Property Type

Commercial

Taxes

$ 10,957

Style

Lot Size

2.33232

Year Built

1980

Town/City

Wheeling

County/Region

Cook

MLS | Web ID

12583288

Features
General
Cooling Central Air
Zoning INDUS
Year Built 1980
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Scavenger
Stories Count 1
Township Wheeling
Tax Year 2024
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 26173
Property Type Commercial Sale Industrial
Status New
Directions South of Dundee on Wheeling Road to first traffic light; East on Town Road 1/4 block.
City Wheeling
Number Of Units Total 1
MLS Area Wheeling
Lot Size Square Feet 101596
Tax Annual Amount 10957
Additional Parcels Y/N N
Leasable Area 1600
Lease Type Modified Gross
Standard Status Active
Total Actual Rent 2200
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Exterior
Building Area Total 1600
Lot Dimensions CONDO
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* Excluded Features
List By
Paramount Point Properties

Broker

kkipiani@hotmail.com

Email

Affordability Calculator

$2,391
Per Month
62%
38%
0%
Monthly Principal & Interest
$1,478
Monthly Property Taxes
$913
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2026$240,000 Listed Price

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123 Wheeling Road, Wheeling, IL, 60090 is a Commercial Property for sale at $240,000 with 1,600 sqft and a lot size of 2.33232. 123 Wheeling Road was built in 1980. The property's zip code is 60090 which is in Wheeling, IL