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Prospect Heights, IL Commercial Real Estate for Sale

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Mount Prospect, IL Arlington Heights, IL Buffalo Grove, IL

24 results

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Iconic Restaurant & Real Estate Opportunity

$799,900

3,255 SF

Iconic Restaurant & Real Estate Opportunity

260 S Milwaukee Avenue, Wheeling, IL 60090

Profitable restaurant and prime real estate on Restaurant Row.

Profitable Landmark Business: Established bakery & deli (Chicago Bagel & Bialy) with over 43 years of operation and over $1 million in gross sales in 2024.
Prime Real Estate: Located on Wheeling's Restaurant Row with high traffic and excellent visibility.
Fully Equipped Restaurant: State‑of‑the‑art kitchen with Middleby Marshall rotating oven, walk‑in coolers/freezer, and all necessary fixtures for immediate operation.
Spacious and Versatile: 3255 sq. ft. building on a 32,000 sq. ft. lot with indoor and outdoor dining, 30 parking spaces, and potential for drive‑thru addition.
Expansion Opportunities: Potential to acquire an adjacent 1/4‑acre parcel from the Village of Wheeling for further growth.

Updated: Oct 28, 2025

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Two-Story Office/Retail Building For Sale

$1,895,000

26,000 SF

Two-Story Office/Retail Building For Sale

1040 S MILWAUKEE Avenue, Wheeling, IL 60090

Two-story office/retail building with high occupancy and parking.

Prime location on Milwaukee Rd. near Willow Rd. and I‑294, close to Chicago Executive Palwaukee Airport.
High occupancy rate with only 3 vacant units.
23 private suites with various sizes and configurations (300 SQ FT to 2700 SQ FT).
60 parking spots generating extra income.
All units have private entrances, reception areas, and multiple offices; some include storage, washrooms, kitchens, and conference rooms.

Updated: Mar 11

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$750,000

0.98 Acres

Industrial Land on Wheeling Road

Nearly one acre of industrial land with frontage on Wheeling Road.

1033 S Wheeling Road, Wheeling, IL 60090

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$99,000

1,800 SF

Wheeling Retail Investment Opportunity

Prime 1,800 SF retail space in high-visibility Wheeling location.

1083 Lake Cook Road, Wheeling, IL 60090

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3.20 Acres

Prime Land in Wheeling, Illinois

3.2 acres of divisible land with high visibility.

625 West Dundee Road, Wheeling, IL 60090

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$1,895,000

0.93 Acres

Wheeling Commercial Property For Sale

Commercial property in Wheeling, Illinois available for purchase.

1040 S MILWAUKEE Avenue, Wheeling, IL 60090

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$99,000

1,800 SF

Prime Retail Space For Sale

1,800 SF retail space with high visibility, near Starbucks.

1041-1081 E Lake Cook Rd, Wheeling, IL

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Wheeling Industrial Warehouse Opportunity

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62,632 SF

Wheeling Industrial Warehouse Opportunity

62,720 SF industrial warehouse in Wheeling, Illinois for sale.

1720 S Wolf Rd., Wheeling, IL 60090

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Wheeling Industrial Manufacturing Facility

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129,340 SF

Wheeling Industrial Manufacturing Facility

129,340 SF industrial facility on 6.6 acres in Wheeling, IL.

1111 Wheeling Road, Wheeling, IL 60090

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26,000 SF

26,000 SF Wheeling Opportunity

26,000 SF industrial property for sale in Wheeling, Illinois.

852 Seton Court, Wheeling, IL 60090

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Wheeling Industrial Redevelopment Opportunity

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62,757 SF

Wheeling Industrial Redevelopment Opportunity

Industrial property suitable for corporate headquarters or training facility.

8 E Palatine Rd, Wheeling, IL

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7,968 SF

Prime Location Automotive Hub

Strategic location with high traffic and convenience near I-294.

851 E Palatine Rd, Wheeling, IL

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20,206 SF

Wheeling Industrial Property For Sale

Single tenant building with gated, fenced parking. Near I-294.

953 Seton Ct, Wheeling, IL

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$5,325,000

96,959 SF

Wheeling Industrial Warehouse For Sale

96,959 SF industrial warehouse with heavy power and truck docks.

1033 Noel Ave, Wheeling, IL

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$2,199,000

12,000 SF

High Traffic Restaurant with Gaming

Restaurant with gaming in high-traffic location for sale.

241 S Milwaukee Avenue, Wheeling, IL 60090

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$137,655

1,956 SF

Wheeling Office Space For Sale

Office space available for purchase in Wheeling, Illinois.

3125 N Wilke Rd, Wheeling, IL

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Wheeling Office/Medical Building For Sale

$1,100,000

8,800 SF

Wheeling Office/Medical Building For Sale

Two-story office building with move-in ready medical space.

47 W Dundee Rd, Wheeling, IL 60090

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$1,749,000

15,695 SF

Free Standing Flex Building

15,695 SF flex building with office space for sale.

250 Chaddick Dr, Wheeling, IL 60090

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$5,325,000

96,959 SF

Wheeling Industrial Building For Sale

96,959 SF industrial building in Wheeling, Illinois available for sale.

1033 Noel Ave, Wheeling, IL 60090

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$5,325,000

96,959 SF

Wheeling Industrial Building For Sale

96,959 SF industrial building in Wheeling, Illinois available for sale.

1033 S Noel Avenue, Wheeling, IL 60090

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$2,000,000

23,500 SF

Wheeling Office Building For Sale

Two-story, multi-tenant office building near Chicago Executive Airport.

1040 S Milwaukee Ave, Wheeling, IL 60090

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17.00 Acres

Wheeling Mixed-Use Development Land

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

Lake Cook Rd, Wheeling, IL

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Redevelopment Land Near Wheeling Station

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6.46 Acres

Redevelopment Land Near Wheeling Station

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

129 S Railroad Ave, Wheeling, IL

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$429,000

1,648 SF

Mixed-Use Property on Milwaukee Avenue

Mixed-use property with high visibility and ample parking.

231 N Milwaukee Ave, Wheeling, IL 60090

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 24 Active Listings in Prospect Heights, IL, we suggest to view alternatives - similar 101 Off-Market properties to explore as potential leads.

Prospect Heights, IL Commercial Real Estate Investment Opportunities Market Analysis

Explore 125 commercial real estate for sale in Prospect Heights, IL, showcased through 24 active listings on our real estate platform. These investment opportunities span a total of 387,331 square feet of properties for sale, with an estimated market value of $26,482,555.

Sale prices for business properties in Prospect Heights, IL start at $99,000, averaging $2,037,119, and reaching up to $5,325,000 — 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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Demographics Overview

Population 16K

Population Growth (5Y) -3.1%

Median Household Income $91,210

College Educated 48.4%

High-Yield Neighborhoods for Strategic Investment

Identify Prospect Heights submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

Neighborhood	Average Price
60070	$239K

Taxes & Financing

Average Loan-to-Value 65.0%

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Prospect Heights, IL Commercial Real Estate for Sale

Iconic Restaurant & Real Estate Opportunity

Profitable restaurant and prime real estate on Restaurant Row.