Prospect Heights, IL Commercial Real Estate for Sale

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Mount Prospect, IL Arlington Heights, IL Buffalo Grove, IL Des Plaines, IL Palatine, IL Glenview, IL Arlington Hts, IL Rolling Meadows, IL

29 properties

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Updated: Sep 21

Freestanding Mixed-Use Building

231 N Milwaukee Avenue, Wheeling, IL 60090

$480,000

0.29 AC lot

1,648 SF freestanding mixed‑use building with commercial storefront and finished upper‑level quarters
Two parcels totaling 12,596 SF on 0.29 acre
100 feet of frontage on Milwaukee Avenue (US 45)
B‑3 zoning allows retail, restaurant, office, personal service, and artist studio uses by right
24,300 vehicles per day on Milwaukee Avenue at the property in 2025

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Updated: Oct 28, 2025

Freestanding Bakery and Deli

260 S Milwaukee Avenue, Wheeling, IL 60090

$799,900

0.73 AC lot

3,255‑square‑foot freestanding building on a 32,000‑square‑foot parcel
30‑pan Middleby Marshall rotating oven with six shelves
Two walk‑in coolers, a walk‑in freezer, prep areas, and refrigeration equipment
Indoor seating for 40+ guests plus outdoor seating for an additional 40+
30 parking spaces and a two‑car attached garage

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Industrial Land with 260-Foot Frontage

1033 S Wheeling Road, Wheeling, IL 60090

$750,000

0.98 AC lot

Nearly one acre of INDUS-zoned industrial land on a 260x164 lot, with an on-site home needing rehab.

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Drive-In Retail Space

528 North Milwaukee Avenue, Wheeling, IL 60090

$700,000

5,500 sqft 1.00 AC lot

Commercial building with flexible MXC zoning and access for retail, office, and medical office operations.

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Zoned Industrial Office Property

1040 S MILWAUKEE Avenue, Wheeling, IL 60090

$1,895,000

0.93 AC lot

For sale office property on a 0.9252-acre lot in INDUS zoning.

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Air-Conditioned Flex Condo

129 Wheeling Road, Wheeling, IL 60090

$275,000

End-unit flex space with central air, industrial zoning, and regional highway connectivity.

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Starbucks-Anchored Retail Center

1085 E Lake Cook Rd, Wheeling, IL 60090

$5,615,000

27,232 sqft

Neighborhood retail center with a drive-through anchor and illuminated tenant signage.

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7-Eleven Gas Station

14 N Elmhurst Rd, Wheeling, IL 60090

$4,274,201

3,000 sqft

Corporate-backed NNN lease with tenant reimbursement of operating expenses and limited landlord obligations.

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Wheeling Office Building For Sale

1040 S Milwaukee Ave, Wheeling, IL 60090

$1,895,000

26,000 sqft 1.84 AC lot

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

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Wheeling Industrial Building For Sale

1033 Noel Ave, Wheeling, IL 60090

$4,900,000

96,959 sqft 5.12 AC lot

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

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Industrial Warehouse with Drive-In Loading

619 Chaddick Drive, Wheeling, IL 60090

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17,033 sqft 0.57 AC lot

I-2-zoned warehouse with flexible clear height, on-site parking, and two drive-in loading doors.

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Multi-Building Retail and Office Center

604 - 698 N Milwaukee Ave, Prospect Heights, IL 60070

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113,801 sqft

Stabilized, multi-tenant retail center with approximately 10,550 SF of second-floor office space across three buildings.

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Three-Unit Distribution Center

200 Marquardt Dr, Wheeling, IL 60090

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30,000 sqft

Industrial building offering flexible office, distribution, and storage functionality.

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Free-Standing Industrial Facility

280 Camp McDonald Rd, Wheeling, IL 60090

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14,508 sqft

Well-maintained standalone building suited for manufacturing or distribution operations.

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Wolf Point Shopping Center

1902-1960 S. Wolf Road, Wheeling, IL 60090

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33,050 sqft

B-3-zoned shopping center with substantial retail space.

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Wheeling Industrial Space For Lease

200-222 Marquardt Drive, Wheeling, IL 60090

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30,000 sqft 1.63 AC lot

10,000 SF industrial space available near Chicago Executive Airport.

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Sports Bar and Dance Venue

698 North Milwaukee Avenue, Prospect Heights, IL 60070

$1,500,000

Established sports bar/dance venue with 365 seats, including 50-seat patio, and 4AM daily liquor license.

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Warehouse Flex Space

318 N. Milwaukee Ave., Wheeling, IL 60090

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5,412 sqft

Flex space suitable for a variety of showroom and service retail uses, including home improvement and equipment sales.

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Retail Center

820 Wheeling Rd, Wheeling, IL 60090

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13,382 sqft

Retail property offering 13,382 square feet of commercial space for sale.

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Freestanding Live-Work Building

322 N Milwaukee Ave, Wheeling, IL 60090

$539,000

Completely remodeled freestanding building with large parking, flexible first-floor space, and an updated apartment upstairs.

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Movie Theater with In-Seat Dining

401 W Dundee Rd, Wheeling, IL 60090

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40,000 sqft

Premier dine-in theater with seven screens and in-seat dining, positioned within a mixed-use downtown development.

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Hotel-Front Retail Center

701 N Milwaukee Ave, Wheeling, IL 60090

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1,050 sqft

Shopping center positioned in front of the Westin Hotel with excellent visibility and ample parking.

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Flex Space with Training Facilities

100 E Palatine Rd, Wheeling, IL 60090

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62,757 sqft

Industrial flex property includes multiple training rooms, a fully equipped cafeteria, and multi-media throughout.

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Wheeling Office/Medical Building For Sale

47 W Dundee Rd, Wheeling, IL 60090

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8,800 sqft 0.67 AC lot

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

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Prospect Heights, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Prospect Heights, IL, showcased through 29 active listings on our real estate platform. These investment opportunities span a total of 644,742 square feet of properties for sale, with an estimated market value of $24,373,101.

Sale prices for business properties in Prospect Heights, IL start at $275,000, averaging $1,874,853, and reaching up to $5,615,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Prospect Heights, IL CRE market trends — vacancy, lease rates and price per SF, updated monthly

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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 Investment

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

Neighborhood	Average Price
60070	$1.5M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

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