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Zoned Industrial Office Property
For Sale
$1,895,000

1040 S MILWAUKEE Avenue, Wheeling, IL 60090

COMMERCIAL - Wheeling, IL

Lot Size0.93 Acres
Days on Market654

Property Features for 1040 S MILWAUKEE Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning INDUS
Directions 1040 S.Milwaukee ave. located North of Willow rd. and South of Hints
Subdivision Wheeling
Standard status Active
APN 03132000160000
Lot size 0.93 Acres

Taxes and HOA fees

Tax Year 2022
Tax Annual Amount 98549

Utilities

Utilities Water Available
Cooling system Central Air

Building Details

Year built 1967
Floors in Building 3
Number of units 23
Flooring type Tile, Wood, Carpet
Building materials Brick, Concrete
Listing Agency: Core Realty & Investments, Inc
Listed By: Ross Vasiliev · License #471018754
Added: Oct 16, 2024 Changed: Jul 28 Last Checked: Jul 31 at 1:06AM
MLS# 12190640

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.

Investment Insights

Based on property information with market context.

This for-sale office property is situated on a 0.9252-acre lot and is zoned INDUS. The offering is identified as office units/office spaces within a commercial real estate listing.

The property is located at 1040 S Milwaukee Avenue in Wheeling, IL 60090 (Cook County).

Key Highlights

  • Brick and concrete construction
  • Flooring includes carpet, wood, and tile
  • Central air cooling

Property Analytics

Current Use

VDA Capital Group, ... Bank Artech Dental Studio Dental Office GB Bodywork Alternative Medicine Practice Gutwin Window & Gutter ... General Contractor Dragon Therapies Medical Clinic

Suggested Use

Top Pick Restaurant Spa & Massage Center Pharmacy Garden Center Grocery & Convenience Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

781
Businesses Nearby

Demographics for 60090, IL

39,017
Population
15,960
Households
2.4
Avg Household Size
39
Median Age
40%
College-Educated
88%
High-School Grad
9.0 sq mi
ZIP Area
4,335
Density / Sq Mi
$83,449
Median Household Income
$45,436
Median Earnings
$1,578
Median Rent
$243,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - For sale office property on a 0.9252-acre lot in INDUS zoning.
Where is this office units located?
The property is located at 1040 S MILWAUKEE Avenue Wheeling, IL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Brick and concrete construction; Flooring includes carpet, wood, and tile; Central air cooling
More about this property
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