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1040 S MILWAUKEE Avenue Wheeling, IL $ 1,895,000
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$ 1,895,000 Get more info
1040 S MILWAUKEE Avenue
$ 1,895,000
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1040 S MILWAUKEE Avenue

Wheeling, IL, 60090
$ 1,895,000
Bedrooms-- Baths-- Sq 26,000
1040 S MILWAUKEE Avenue, Wheeling, IL 60090 - Image 1
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1040 S MILWAUKEE Avenue, Wheeling, IL 60090 - Image 8
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1040 S MILWAUKEE Avenue, Wheeling, IL 60090 - Image 10
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Property for Rent in Wheeling, IL

for $1,895,000. This 26,000 square foot property was built in 1967 on a lot size of 0.925161.

Armchair investment opportunity! Prime office/retail 2 -story building for sale on busy Milwaukee rd.21! Build in 1967, good condition! Perfect regional location, only 5 minutes off Willow rd. and I-294.next to Chicago Executive Palwaukee airport! 23 Private suites with variety of sizes and configuration from 300 SQ FT to 2700 SQ FT.! 60 parking spots generated extra income! High occupancy rate, only 3 units currently vacant! ALL units have private entrances, reception area 2-3 offices, closets. Some has storage, washroom, kitchen and conference room. Ideal for variety business: medical/dental, attorney, CPA, Real Estate, contractors. Building has elevator, bathrooms on each floor, central air and plenty of parking spaces. Great road exposure!!! Ready for new owner!

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Rental Active

Price

$ 1,895,000

Taxes

$ 98,549

Style

Commercial

Lot Size

0.925161

Year Built

1967

Town/City

Wheeling

County/Region

Cook

MLS | Web ID

12190640
Features
General
Cooling Central Air
Utilities Electricity Available Natural Gas Available Water Available
Possession Negotiable
Zoning INDUS
Construction Materials Brick Concrete
Year Built 1967
Electric Separate Meters Other
Tenant Pays Air Conditioning Electricity Heat Insurance
Stories Count 3
Township Wheeling
Property Subtype Other
Tax Year 2022
Current Use Commercial
Gross Income 20275
County Cook
Net Operating Income 105638
Operating Expense 137662
Property Type Commercial Sale Office/Tech
Possible Use Commercial Office Retail
Status Active
Directions 1040 S.Milwaukee ave. located North of Willow rd. and South of Hints
City Wheeling
Number Of Units Total 23
MLS Area Wheeling
Lot Size Square Feet 40300
Tax Annual Amount 98549
Additional Parcels Y/N Y
Leasable Area 2600
Lease Type Net
Standard Status Active
Cap Rate 5.4
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Interior
Flooring Carpet Tile Wood
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 26000
Lot Dimensions 201X200
Frontage Type City Street Frontage Road State Road
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* Excluded Features
List By
Core Realty & Investments, Inc

Broker

rossv67@yahoo.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/5/2025$1,895,000 -4.05% Price Down
10/17/2024$1,975,000 Listed Price

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1040 S MILWAUKEE Avenue, Wheeling, IL, 60090 is a Property for Rent at $1,895,000 with 26,000 sqft and a lot size of 0.925161. 1040 S MILWAUKEE Avenue was built in 1967. The property's zip code is 60090 which is in Wheeling, IL

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