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    Prospect Heights, IL Land for Sale

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    Mount Prospect, IL Arlington Heights, IL Buffalo Grove, IL Shawano, WI Des Plaines, IL Palatine, IL Glenview, IL Arlington Hts, IL
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    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
    View Property Analytics
    Industrial Land with 260-Foot Frontage
    Updated: Jun 2, 2025
    Industrial Land with 260-Foot Frontage

    1033 S Wheeling Road, Wheeling, IL 60090

    $750,000
    0.98 AC lot
    Nearly 1‑acre industrial land with 260 ft of frontage on Wheeling Road
    I‑1 zoning on a 260 x 164 lot
    Small home on site with a full basement and basement in the room list
    2‑car garage plus 1 storage building on the property
    Construction materials listed as block and vinyl siding
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    LAND - Prospect Heights, IL
    LAND - Prospect Heights, IL

    206 E Camp Mcdonald Road, Prospect Heights, IL 60070

    $385,000
    0.70 AC lot

    Land · 0.70 Acres

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    Prime Land in Wheeling, Illinois
    Prime Land in Wheeling, Illinois

    625 West Dundee Road, Wheeling, IL 60090

    Contact for pricing
    3.20 AC lot

    3.2 acres of divisible land with high visibility.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Land Available For Sale
    Land Available For Sale

    700 N Milwaukee Avenue, Wheeling, IL 60090

    Contact for pricing
    2 sqft

    Two-acre land parcel available for sale or lease.

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    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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    Land For Sale
    Land For Sale

    625 West Dundee Road, Wheeling, IL 60090

    Contact for pricing

    Land available for sale in Wheeling, Illinois.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 8 Active listings in Prospect Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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.

    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.

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    Northbrook Land Subdivision Opportunity
    Northbrook Land Subdivision Opportunity

    3190 Landwehr Road, Northbrook, IL 60062

    $1,650,000
    1.60 AC lot

    Prime 1.6-acre land, potential for subdivision or dream home.

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    North Shore Development Parcel
    North Shore Development Parcel

    1000 Skokie Blvd, Northbrook, IL 60062

    Contact for pricing

    Development parcel with expressway views in Northbrook, Illinois.

    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

    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.

    Tillable and Hunting Land Parcel
    Tillable and Hunting Land Parcel

    Saint Johns, MI 48879

    $499,000
    68.30 AC lot

    Undeveloped parcel with tillable farmland and potential hunting or recreational uses.

    View details

    Off-Market Properties in Prospect Heights, IL

    Consider similar Off-Market properties in Prospect Heights, 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.

    1001 Oak Ave
    Land

    1001 Oak Ave, Prospect Heights, IL 60070

    Value Estimation by Request
    5.30 AC lot
    View details

    Prospect Heights, IL Land Market Trends and Statistics

    Explore 9 land for sale in Prospect Heights, IL, showcased through 8 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 lots in Prospect Heights, 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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    Demographics Overview

    Population 16K
    Population Growth (5Y) -3.1%
    Median Household Income $91,210
    College Educated 48.4%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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    Most Searched ZIP Codes in Prospect Heights, IL

    • 60090
    • 60070

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