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    Wheeling, IL
    Bar & Pub

    Wheeling, IL Bars & Pubs for Sale

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    Sports Bar and Dance Venue
    Updated: Jun 25
    Sports Bar and Dance Venue

    698 North Milwaukee Avenue, Prospect Heights, IL 60070

    $1,500,000
    Established 1991 sports bar and dance venue with 365 total seats, including a 50‑seat patio (14% outdoor seating).
    4AM daily liquor license with 20‑hour license; licensed hours maximize late‑night operations and allow earlier opening for additional gaming revenue.
    2024 performance includes $1.5M gross sales and $300,000+ Seller’s Discretionary Earnings (20% SDE margin).
    Gaming revenue provides supplemental income, with $127,243 take‑home (2024) and video gaming as a secondary revenue stream.
    Modelo account is reported as the largest in Illinois (state‑leading position).
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    See what stands out in Cook County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Wheeling, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Remodeled Conventional Restaurant
    Remodeled Conventional Restaurant

    9845 Lawrence Ave, Schiller Park, IL 60176

    $1,990,000
    3,200 sqft

    Operating restaurant and bar business with a liquor license, refreshed interior and exterior, and real estate included.

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    Remodeled Conventional Restaurant
    Remodeled Conventional Restaurant

    9845 Lawrence Avenue, Schiller Park, IL 60176

    $1,990,000
    0.45 AC lot

    Operating restaurant and bar business offered with the real estate and liquor license.

    View details
    Restaurant Tavern with Attached Retail
    Restaurant Tavern with Attached Retail

    5901 W Lawrence Ave, Chicago, IL 60630

    Contact for pricing

    Long-standing tavern and restaurant includes an attached adjacent retail space plus extensive kitchen and outdoor seating.

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    Mixed-Use Building with Bar
    Mixed-Use Building with Bar

    5722 W Higgins Avenue, Chicago, IL 60630

    Contact for pricing

    Three occupied apartments accompany a fully equipped ground-floor bar with individually metered spaces.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land in Itasca, IL
    Commercial Land in Itasca, IL

    100 S Walnut Street, Itasca, IL 60143

    Contact for pricing
    0.17 AC lot

    Commercial land available for sale in Itasca, Illinois.

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    Wheeling, IL Bars & Pubs Market Trends and Statistics

    Explore 1 bars & pubs for sale in Wheeling, IL on our real estate platform.

    Sale prices for pubs in Wheeling, IL average $1,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 3
    Commercial kitchens 2
    Bars & Pubs 1
    Drive through restaurants 1

    Demographics Overview

    Population 38K
    Population Growth (5Y) -0.4%
    Median Household Income $83,449
    College Educated 54.0%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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