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    Wheeling, IL
    Conventional Restaurant

    Wheeling, IL Conventional Restaurants for Sale

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    Free-Standing Restaurant with Outdoor Seating
    Updated: Oct 28, 2025
    Free-Standing Restaurant with Outdoor Seating

    260 S Milwaukee Avenue, Wheeling, IL 60090

    $799,900
    0.73 AC lot
    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.
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    Free-Standing Restaurant with Outdoor Seating
    Updated: Oct 28, 2025
    Free-Standing Restaurant with Outdoor Seating

    260 S Milwaukee Avenue, Wheeling, IL 60090

    $799,900
    3,255 sqft 0.73 AC lot
    Freestanding restaurant on a 32,000 sq. ft. (approx. 3/4 acre) parcel with a 3,255 sq. ft. building
    Indoor dining for 40+ guests plus outdoor seating for an additional 40+ clients
    30 parking spaces and a two‑car attached garage
    Fully equipped commercial kitchen: 30‑pan Middleby Marshall rotating oven with six shelves
    Two walk‑in coolers, walk‑in freezer, and retail display cases plus refrigeration units
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Wheeling, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Mixed-Use Retail and Residential Building
    Mixed-Use Retail and Residential Building

    1330 Webford Avenue, Des Plaines, IL 60016

    $399,900
    0.21 AC lot

    Private courtyard and flexible C-13 zoning support a variety of retail, office, and restaurant uses.

    View details
    Mixed-Use Property with Courtyard
    Mixed-Use Property with Courtyard

    1330 Webford Avenue, Des Plaines, IL 60016

    $399,900
    0.21 AC lot

    Mixed-use building with a private courtyard and zoning support for a range of commercial uses in the COMMR district.

    View details
    Fully Equipped Restaurant Space
    Fully Equipped Restaurant Space

    718 S S Buffalo Grove Rd, Buffalo Grove, IL 60089

    $120,000

    Restaurant space set up by the owner with kitchen appliances, fixtures, and equipment, ready to operate.

    View details
    Turnkey Mexican Restaurant
    Turnkey Mexican Restaurant

    799 Buffalo Grove Rd, Buffalo Grove, IL 60089

    $188,000

    Fully operational Mexican restaurant sold furnished and equipped, with liquor and gaming licenses renewed through 2025.

    View details

    Wheeling, IL Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Wheeling, IL on our real estate platform. These investment opportunities span a total of 3,255 square feet of properties for sale, with an estimated market value of $1,599,800.

    Sale prices for conventional restaurants in Wheeling, IL average $799,900 — 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 2
    Bars & Pubs 1
    Breakfast & diners 1
    Commercial kitchens 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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