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    129 S Railroad Ave Wheeling, IL 60070

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    For Sale
    Contact for pricing

    6.6-acre redevelopment opportunity near Wheeling Train Station and Town Center.

    Lot size:
    6.46 Acres

    Property Features for 129 S Railroad Ave

    General Information

    Lot size
    6.46 Acres

    Source: Colliers | Chicago Rosemont Agent Mike Senner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Land Near Wheeling Station

    This 6.6-acre property, potentially expandable to 7.71 acres, presents a redevelopment opportunity at the corner of Dundee and Wheeling Road, adjacent to the Wheeling Train Station and Wheeling Town Center. Currently used for industrial purposes, the site is zoned MXT, Transit-Oriented Mixed Use, and is located within the Town Center-II TIF District.
    Location Intelligence

    Current Use by Public Records

    Ozinga Ready Mix Concrete Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheeling
    County
    Cook
    State
    Illinois
    Longitude
    -87.9288852
    Latitude
    42.1369063

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    FAQs

    What type of property is this?
    Land - 6.6-acre redevelopment opportunity near Wheeling Train Station and Town Center.
    Where is this land located?
    The property is located at 129 S Railroad Ave Wheeling, IL.
    What are key features of this property?
    This property features: - Redevelopment opportunity on **6.6 acres** (potentially 7.71 acres).; - Located in Town Center-II TIF District.; - MXT, Transit-Oriented Mixed Use Zoning.
    (312) 315-4228
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    129 S Railroad Ave Wheeling, IL 60070
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    Wheeling, IL 60070
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    129 S Railroad Ave Wheeling, IL 60070
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