231 N Milwaukee Avenue Wheeling, IL $ 480,000
231 N Milwaukee Avenue
$ 480,000
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231 N Milwaukee Avenue

Wheeling, IL, 60090
$ 480,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,031

231 N Milwaukee Avenue, Wheeling, IL 60090 - Image 1
231 N Milwaukee Avenue, Wheeling, IL 60090 - Image 2
231 N Milwaukee Avenue, Wheeling, IL 60090 - Image 3
231 N Milwaukee Avenue, Wheeling, IL 60090 - Image 4
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231 N Milwaukee Avenue, Wheeling, IL 60090 - Image 7
231 N Milwaukee Avenue, Wheeling, IL 60090 - Image 8
231 N Milwaukee Avenue, Wheeling, IL 60090 - Image 9
231 N Milwaukee Avenue, Wheeling, IL 60090 - Image 10

Commercial Property for sale in Wheeling, IL

for $480,000. This building was built in 1971 on a lot size of 0.29.

Freestanding storefront building with finished living quarters upstairs, a paved parking lot and a detached garage, on 0.29 acre with 100 feet of frontage on Milwaukee Avenue (US 45). Vacant, immediate occupancy. Please note: this is a mixed-use property, not a single-family house. Cook County classifies it as Class 2-12 mixed-use commercial/residential, and the Village of Wheeling zones it B-3 General Commercial and Office District. Buyer to verify residential occupancy of the second floor, and every intended use, with the Village of Wheeling. Main floor: the front door opens to a front room on the left and a larger room on the right, both with large street-facing display windows. Behind them is a kitchen area with sink and a small pantry, and a half bath sits by the stairs. Upstairs: an open room leads back to a bedroom, a full bath with tub and shower, and a laundry room, with a door out to the balcony over the entry, which has its own exterior stair down to the parking lot. Central air, boiler heat, partial basement. The sale includes the adjoining paved side lot: two parcels, 12,596 SF of land in total. B-3 zoning allows retail, restaurant, personal service, medical and dental office, general office and artist studio uses by right. IDOT counted 24,300 vehicles a day on Milwaukee Avenue at the property in 2025, and a Pace bus stop (Routes 272 and 234) is at the property. Walgreens, Fresh Farms International Market, Chase, Benihana, Scooter's Coffee and the Dundee Road restaurant cluster are within a quarter mile; the Wheeling Metra station is 1.8 miles away and I-294 at Lake Cook Road 3.9 miles. The building parcel is outside the FEMA Special Flood Hazard Area (Cook County parcel data, 2024). Buyers using residential (FHA or conventional) financing should confirm eligibility with their lender before writing an offer. Building size (1,648 SF, Cook County Assessor), lot size and all other figures are from public record or the seller and must be verified by the buyer, including real estate taxes and the 2025 Cook County reassessment.

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Commercial Active

Price

$ 480,000

Property Type

Commercial

Taxes

$ 7,995

Style

Lot Size

0.29

Year Built

1971

Town/City

Wheeling

County/Region

Cook

MLS | Web ID

12765358

Features
General
Cooling Central Air
Zoning RTAIL
Year Built 1971
Electric Service - 0 to 100 Amps
Stories Count 2
Township Wheeling
Tax Year 2023
Gross Income 0
Additional Parcels Description 03024050030000
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions N on Milwaukee property on right
City Wheeling
Number Of Units Total 1
MLS Area Wheeling
Lot Size Square Feet 12596
Tax Annual Amount 7995
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Lot Dimensions 130x100
Lot Size Acres 0.29
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* Excluded Features
List By
Re/Max Suburban

Broker

jason@jasoncre.com

Email

Affordability Calculator

$3,697
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,031
Monthly Property Taxes
$666
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
9/21/2026$480,000 Listed Price

Map


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231 N Milwaukee Avenue, Wheeling, IL, 60090 is a Commercial Property for sale at $480,000 with a lot size of 0.29. 231 N Milwaukee Avenue was built in 1971. The property's zip code is 60090 which is in Wheeling, IL