231 N Milwaukee Avenue
Wheeling, IL, 60090 $ 480,000
Bedrooms-- Baths-- Monthly Estimate*
$ 3,031
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.
See more
FeaturesGeneralCooling 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
See more
ExteriorLot Dimensions 130x100
Lot Size Acres 0.29
See more
* Excluded FeaturesAffordability Calculator
- 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.
Learn more about how to save NearbyCommerical listings in Wheeling, IL
Average List Price $1,745,211
Percent of Sale Price 264%
About Wheeling, IL 39,281 Population
7% Since 2002
$ 61,129 Median Income
39.33 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/21/2026 | $480,000 | | Listed Price |