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260 S Milwaukee Ave Wheeling, IL 60090

For Sale
$799,900

Business Opportunity - Wheeling, IL

Property size:
3,255 SF
Days on Market:
30
Last Refresh:
Dec 13 at 10:06 pm

Property Features for 260 S Milwaukee Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Zoning
COMMR
APN
03121040240000
Size
3,255 SF

Utilities

Cooling system
Central Air

Building Details

Roof type
Membrane
Architectural style
Other

TARABEIN INC. D/BA RE/MAX AT HOME (847) 255-1000 [email protected]

Listing agent Basel Tarabein (847) 255-1000 License #471008459

Listing date Nov 14, 2025

MLS# 12503562 Listing URL

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Wheeling Restaurant & Real Estate Opportunity

Located on Restaurant Row in Wheeling, this property presents a business and real estate opportunity. The site is positioned along Milwaukee Avenue, a corridor with high traffic volume. The property has been home to Chicago Bagel & Bialy for over 43 years. The business reported over one million dollars in gross sales in 2024. The free-standing 3,255-square-foot building is situated on a 32,000 sq. ft. parcel. The property includes 30 parking spaces, indoor dining for over 40 guests, and outdoor seating for an additional 40+ clients. The kitchen contains a 30-pan Middleby Marshall rotating oven with six shelves, two walk-in coolers, a walk-in freezer, prep and packaging areas, retail display cases, and refrigeration units. Additional features include a two-car attached garage, an office, storage areas, and three restrooms. Security and sprinkler systems are installed throughout the building. The property is located near Fresh Farms International Market, Superdawg, and Walgreens. The location's zoning and layout offer versatility for conversion to retail, mixed-use, wholesale production, or other commercial ventures. An adjacent 1/4-acre parcel owned by the Village of Wheeling may also be available for expansion discussions. The restaurant is designed for carry-out, dine-in, and catering, with expansion opportunities, including the potential addition of a drive-thru.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Chicago Bagel & Bialy ... Caterer ATM Atm

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wheeling
County
Cook
State
Illinois
Longitude
-87.9046239
Latitude
42.1357506

FAQs

What type of property is this?
Restaurant - Profitable restaurant business and real estate for sale in Wheeling.
Where is this restaurant located?
The property is located at 260 S Milwaukee Ave Wheeling, IL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: - Profitable, established business (Chicago Bagel & Bialy) with over $1 million in gross sales in 2024.; - Prime real estate location on Wheeling's Restaurant Row with high traffic and excellent visibility.; - Large 32,000 sq. ft. parcel with a 3255 sq. ft. free-standing building, including 30 parking spaces and seating for 80+ customers.
More about this property
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