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260 S Milwaukee Ave Wheeling, IL 60090

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Sponsored
For Sale
$799,900

COMMERCIAL - Wheeling, IL

Property size:
3,255 SF
Lot size:
0.73 Acres
Days on Market:
116
Last Refresh:
Mar 17 at 4:06 am

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
Lot size
0.73 Acres

Utilities

Utilities
Natural Gas Available
Cooling system
Central Air

Building Details

Floors in Building
1
Building materials
Brick
Roof type
Membrane

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Listing Contact
Basel Tarabein
Basel Tarabein

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

Listing agent Basel Tarabein (847) 255-1970

Listing date Nov 21, 2025

MLS# 12503562

Copyright © 2026 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.

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Overview

Iconic Restaurant & Real Estate Opportunity

This commercial property in Wheeling, Illinois, presents an opportunity to acquire a well-established business and prime real estate. The property, currently operating as a landmark bakery and deli for over 43 years, is situated on a 32,000 sq. ft. parcel (approximately 0.7346 acres) along Milwaukee Avenue, a high-traffic corridor with over 30,000 cars passing daily. The 3,255 sq. ft. free-standing building is equipped for carry-out, dine-in, and catering services, with indoor dining for over 40 guests and outdoor seating for an additional 40 clients. The state-of-the-art kitchen includes a 30-pan Middleby Marshall rotating oven with six shelves, two walk-in coolers, a walk-in freezer, extensive prep and packaging areas, retail display cases, and refrigeration units. The property also features a two-car attached garage, office, storage areas, and three restrooms. Security and sprinkler systems are installed throughout the building. There are 30 parking spaces available. The property's location near Fresh Farms International Market, Superdawg, and Walgreens offers high exposure and accessibility. The zoning and layout allow for potential conversion to retail, mixed-use, wholesale production, or other commercial ventures. An adjacent 1/4-acre parcel owned by the Village of Wheeling may be available for expansion discussions. The business reported over one million dollars in gross sales in 2024.
Location Intelligence

Current Use by Public Records

Chicago Bagel & Bialy ... Take-out & Catering ATM Atm

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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?
Turn key restaurant - Profitable restaurant and prime real estate on Restaurant Row.
Where is this turn key 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 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.
More about this property
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