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    Wheeling, IL
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    Wheeling, IL Commercial Land for Sale

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    Mount Prospect, IL Arlington Heights, IL Buffalo Grove, IL
    Mixed-Use Property on Milwaukee Avenue
    Updated: Aug 4, 2020
    Mixed-Use Property on Milwaukee Avenue

    231 N Milwaukee Ave, Wheeling, IL 60090

    $429,000
    1,648 sqft · 0.30 AC lot
    High‑traffic location: Over 30,000 daily traffic count on N Milwaukee Ave.
    Large lot size: 13,000 sq ft with 100‑foot frontage on N Milwaukee Ave.
    Flexible zoning: Zoned B‑3, allowing for commercial, office, and mixed residential use.
    Ample parking: Room to park 20 cars.
    Excellent visibility: Located in a choice location on N Milwaukee Ave.
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    This listing looks promising.

    Here's a quick look at some key insights for

    231 N Milwaukee Ave, Wheeling, IL 60090

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    • Est. Cap Rate

      6.5%
      Above avg (5.9%)

    • Est. NOI

      $28K
      Annual

    • Price @ 7% Cap

      $397K
      Suggested

    • Property Type

      Miscellaneous (Residential)
      Built 1971
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    Prime Land in Wheeling, Illinois
    Updated: Mar 25
    Prime Land in Wheeling, Illinois

    625 West Dundee Road, Wheeling, IL 60090

    Contact for pricing
    3.20 AC lot
    High visibility corner lot on +3.2 acres (divisible).
    Over 25,000 vehicles per day on Dundee Road.
    Close proximity to Wheeling Metra Station (West stop) with over 20,000 weekday riders.
    Located near Wheeling Town Center (CMX Theatre, City Works, Starbucks, Wheeling Aquatic Center).
    Proximity to new residential developments: One Wheeling Town Center (300 units) and Uptown 500 (321 units).
    View details
    Wheeling Mixed-Use Development Land
    Wheeling Mixed-Use Development Land

    Lake Cook Rd, Wheeling, IL

    Contact for pricing
    17.00 AC lot

    17-acre mixed-use land with highway access and utilities.

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    Redevelopment Land Near Wheeling Station
    Redevelopment Land Near Wheeling Station

    129 S Railroad Ave, Wheeling, IL

    Contact for pricing
    6.46 AC lot

    6.6-acre redevelopment opportunity near Wheeling Train Station and Town Center.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 4 Active listings in Wheeling, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Prime Land Near Lake Cook
    Prime Land Near Lake Cook

    275 Milwaukee Avenue, Buffalo Grove, IL 60089

    $1,600,000
    83,635 sqft · 1.92 AC lot

    Commercial land available near Lake Cook Road and luxury apartments.

    View details
    Vernon Hills Commercial Land Parcel
    Vernon Hills Commercial Land Parcel

    1252 E US Hwy 45, Vernon Hills, IL

    $850,000
    0.82 AC lot

    0.82-acre vacant land parcel zoned B-1 in Vernon Hills, IL.

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    Vernon Hills Commercial Land Parcel
    Vernon Hills Commercial Land Parcel

    1252 US-45, Vernon Hills, IL 60061

    $850,000
    0.82 AC lot

    0.82-acre vacant land parcel zoned B-1 for General Business.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    1300 Milwaukee Ave, Buffalo Grove, IL

    Contact for pricing
    58.00 AC lot

    58 acres of commercial land in Chicago's northern suburbs.

    View details

    Off-Market Properties in Wheeling, IL

    Consider similar Off-Market properties in Wheeling, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    971 Milwaukee Ave
    VACANT COMMERCIAL LAND

    971 Milwaukee Ave, Wheeling, IL 60090-1893

    Value Estimation by Request
    0.27 AC lot
    View details
    971 Milwaukee Ave
    VACANT COMMERCIAL LAND

    971 Milwaukee Ave, Wheeling, IL 60090-1893

    Value Estimation by Request
    0.53 AC lot
    View details
    Lk Cook Rd
    VACANT COMMERCIAL LAND

    Lk Cook Rd, Wheeling, IL 60090

    Value Estimation by Request
    0.01 AC lot
    View details
    1455 Lk Cook Rd
    VACANT COMMERCIAL LAND

    1455 Lk Cook Rd, Wheeling, IL 60090-2247

    Value Estimation by Request
    0.58 AC lot
    View details
    Lk Cook Rd
    VACANT COMMERCIAL LAND

    Lk Cook Rd, Wheeling, IL 60090

    Value Estimation by Request
    0.02 AC lot
    View details
    Weiland Rd
    VACANT COMMERCIAL LAND

    Weiland Rd, Wheeling, IL 60090

    Value Estimation by Request
    0.02 AC lot
    View details
    Weiland Rd
    VACANT COMMERCIAL LAND

    Weiland Rd, Wheeling, IL 60090

    Value Estimation by Request
    0.11 AC lot
    View details
    Weiland Rd
    VACANT COMMERCIAL LAND

    Weiland Rd, Wheeling, IL 60090

    Value Estimation by Request
    0.15 AC lot
    View details
    Armstrong Dr
    VACANT COMMERCIAL LAND

    Armstrong Dr, Wheeling, IL 60090

    Value Estimation by Request
    0.35 AC lot
    View details

    Wheeling, IL Commercial Land Market Trends and Statistics

    Explore 13 commercial land for sale in Wheeling, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 1,648 square feet of properties for sale, with an estimated market value of $429,000.

    Sale prices for commercial lots in Wheeling, IL start at $429,000, averaging $429,000, and reaching up to $429,000 — 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

    Commercial land 4
    Industrial land 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Wheeling submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60090 $429K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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