604 N Milwaukee Avenue Wheeling, IL $ 775,000
604 N Milwaukee Avenue
$ 775,000
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604 N Milwaukee Avenue

Wheeling, IL, 60090
$ 775,000
Bedrooms-- Baths-- Sq 8,014

Monthly Estimate*

$ 4,893

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Commercial Property for sale in Wheeling, IL

for $775,000. This 8,014 square foot building was built on a lot size of 1.43999.

Freestanding redevelopment opportunity at the northern gateway to Wheeling's established Restaurant Row on Milwaukee Avenue! This 8,014 +/- SF former restaurant building sits on 1.44 acres with prominent Milwaukee Ave frontage, near neighbors including The Westin, Cooper's Hawk, Saranello's, and Boston Fish Market. Existing restaurant infrastructure (kitchen, hood, coolers, fire suppression) remains on site - condition unverified, offered strictly as-is. Ideal for restaurant, entertainment, or another commercial concept, subject to Village of Wheeling approval. The Village has shown strong support for restaurant/entertainment redevelopment on this corridor, with potential build-out assistance available to a qualifying buyer, subject to Village approval and program requirements. Pylon and building signage potential. Note: the adjoining southern parking parcel is not included in this sale, and no restaurant equipment, trade fixtures, furniture, or operating business is included - sold strictly as-is. Buyer to independently verify all information, square footage, zoning, and Village approvals.

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Commercial Active

Price

$ 775,000

Property Type

Commercial

Taxes

$ 47,708

Style

Restaurant

Lot Size

1.43999

Town/City

Wheeling

County/Region

Cook

MLS | Web ID

12761280

Features
General
Cooling Central Air
Possession Closing
Zoning RTAIL
Stories Count 1
Tax Year 2024
Business Type Restaurant
County Cook
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Status New
Directions From Dundee Rd (Rte 68) & Milwaukee Ave head north on Milwaukee Ave (US-45) approx. 0.8 mile. Property is on the left (west side).
City Wheeling
MLS Area Wheeling
Lot Size Square Feet 62726
Tax Annual Amount 47708
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 8014
Lot Dimensions 1.440 AC
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* Excluded Features
List By
American Star Realty

Broker

amohantyrealtor@gmail.com

Email

Affordability Calculator

$8,869
Per Month
55%
45%
0%
Monthly Principal & Interest
$4,893
Monthly Property Taxes
$3,976
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2026$775,000 Listed Price

Map


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604 N Milwaukee Avenue, Wheeling, IL, 60090 is a Commercial Property for sale at $775,000 with 8,014 sqft and a lot size of 1.43999. The property's zip code is 60090 which is in Wheeling, IL