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    Wheeling, IL

    Wheeling, IL Commercial Real Estate for Sale

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    Wheeling Industrial Warehouse For Sale
    Updated: Mar 25, 2024
    Wheeling Industrial Warehouse For Sale

    1033 Noel Ave, Wheeling, IL

    $5,325,000
    96,959 sqft 5.13 AC lot
    Divisible warehouse space totaling 92,482 SF, ideal for single or multi‑tenant use.
    Zoned I‑2 with heavy power, 14’ ceilings, 5 truck docks, and 1 drive‑in door.
    5.12 acre lot allows for outside parking.
    Six distinct warehouse sections connected by roll‑up doors.
    Recent roof and parking lot replacements (within 2 years).
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    This listing looks promising.

    Here's a quick look at some key insights for

    1033 Noel Ave, Wheeling, IL

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $417K
      Annual

    • Price @ 7% Cap

      $5.96M
      Above asking

    • Property Type

      Industrial (General)
      Built 1965
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    Free-Standing Restaurant with Outdoor Seating
    Updated: Oct 28, 2025
    Free-Standing Restaurant with Outdoor Seating

    260 S Milwaukee Avenue, Wheeling, IL 60090

    $799,900
    0.73 AC lot
    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.
    Spacious and Versatile: 3255 sq. ft. building on a 32,000 sq. ft. lot with indoor and outdoor dining, 30 parking spaces, and potential for drive‑thru addition.
    Expansion Opportunities: Potential to acquire an adjacent 1/4‑acre parcel from the Village of Wheeling for further growth.
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    Industrial Land with 260-Foot Frontage
    Industrial Land with 260-Foot Frontage

    1033 S Wheeling Road, Wheeling, IL 60090

    $750,000
    0.98 AC lot

    Nearly one acre of INDUS-zoned industrial land on a 260x164 lot, with an on-site home needing rehab.

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    Zoned Industrial Office Property
    Zoned Industrial Office Property

    1040 S MILWAUKEE Avenue, Wheeling, IL 60090

    $1,895,000
    0.93 AC lot

    For sale office property on a 0.9252-acre lot in INDUS zoning.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    High Traffic Restaurant with Gaming
    High Traffic Restaurant with Gaming

    241 S Milwaukee Avenue, Wheeling, IL 60090

    $2,099,000
    12,000 sqft

    Restaurant with gaming in high-traffic location for sale.

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    Single-Story Office Building with Frontage
    Single-Story Office Building with Frontage

    307 S Milwaukee Ave, Wheeling, IL 60090

    $1,500,000
    15,557 sqft 1.42 AC lot

    Fully occupied single-story office building with frontage on Milwaukee Avenue and 22 tenants.

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    Two-Building Office Complex
    Two-Building Office Complex

    1400 S Wolf Road, Wheeling, IL 60090

    $7,500,000
    116,226 sqft 8.08 AC lot

    Two connected office buildings totaling 22 units offer a 70% occupied leasing profile.

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    Strip Shopping Center Property
    Strip Shopping Center Property

    55 South Wolf Road, Prospect Heights, IL 60070

    Contact for pricing
    27,123 sqft

    Ascot Shopping Center is a 27,123 SF retail shopping center available through an online auction event.

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    Wheeling Industrial Space For Lease
    Wheeling Industrial Space For Lease

    200-222 Marquardt Drive, Wheeling, IL 60090

    Contact for pricing
    30,000 sqft 1.63 AC lot

    10,000 SF industrial space available near Chicago Executive Airport.

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    Sports Bar and Dance Venue
    Sports Bar and Dance Venue

    698 North Milwaukee Avenue, Prospect Heights, IL 60070

    $1,500,000

    Established sports bar/dance venue with 365 seats, including 50-seat patio, and 4AM daily liquor license.

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    Two-Story Office/Retail Building For Sale
    Two-Story Office/Retail Building For Sale

    1040 S MILWAUKEE Avenue, Wheeling, IL 60090

    $1,895,000
    26,000 sqft

    Two-story office/retail building with high occupancy and parking.

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    Free-Standing Industrial Facility
    Free-Standing Industrial Facility

    280 Camp McDonald Rd, Wheeling, IL 60090

    Contact for pricing
    14,508 sqft

    Well-maintained standalone building suited for manufacturing or distribution operations.

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    Movie Theater with In-Seat Dining
    Movie Theater with In-Seat Dining

    401 W. Dundee Rd., Wheeling, IL 60090

    Contact for pricing
    36,880 sqft

    Premier dine-in theater with seven screens and in-seat dining, positioned within a mixed-use downtown development.

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    Wheeling Industrial Redevelopment Opportunity
    Wheeling Industrial Redevelopment Opportunity

    8 E Palatine Rd, Wheeling, IL

    Contact for pricing
    62,757 sqft 2.98 AC lot

    Industrial property suitable for corporate headquarters or training facility.

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    Multi-Tenant Retail Center
    Multi-Tenant Retail Center

    119-145 N Milwaukee Avenue, Wheeling, IL 60090

    Contact for pricing
    16,355 sqft

    Newer 2004 multi-tenant retail center is 91% occupied and features pylon signage along Milwaukee Avenue.

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    Wheeling Office/Flex Building For Sale
    Wheeling Office/Flex Building For Sale

    1400 S Wolf Rd, Wheeling, IL 60090

    Contact for pricing
    43,269 sqft

    Class B single-story office/flex building available for purchase.

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    Wheeling Office/Medical Building For Sale
    Wheeling Office/Medical Building For Sale

    47 W Dundee Rd, Wheeling, IL 60090

    $1,100,000
    8,800 sqft 0.67 AC lot

    Two-story office building with move-in ready medical space.

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    Prime Location Automotive Hub
    Prime Location Automotive Hub

    851 E Palatine Rd, Wheeling, IL

    Contact for pricing
    7,968 sqft 0.43 AC lot

    Strategic location with high traffic and convenience near I-294.

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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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    Free Standing Flex Building
    Free Standing Flex Building

    250 Chaddick Dr, Wheeling, IL 60090

    $1,749,000
    15,695 sqft

    15,695 SF flex building with office space for sale.

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    Wheeling Office Building For Sale
    Wheeling Office Building For Sale

    1040 S Milwaukee Ave, Wheeling, IL 60090

    $2,000,000
    23,500 sqft 1.84 AC lot

    Two-story, multi-tenant office building near Chicago Executive Airport.

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    Multi-Tenant Flex Industrial Building
    Multi-Tenant Flex Industrial Building

    600 Northgate Parkway, Wheeling, IL 60090

    Contact for pricing
    31,726 sqft 1.99 AC lot

    Multi-tenant flex/industrial property with 11 units, one shared exterior loading dock, and multiple grade-level truck doors.

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    Wheeling Industrial Building For Sale
    Wheeling Industrial Building For Sale

    1033 Noel Ave, Wheeling, IL 60090

    $5,325,000
    96,959 sqft 5.12 AC lot

    96,959 SF industrial building in Wheeling, Illinois available for sale.

    View details
    Wheeling Industrial Building For Sale
    Wheeling Industrial Building For Sale

    1033 S Noel Avenue, Wheeling, IL 60090

    $5,325,000
    96,959 sqft 5.12 AC lot

    96,959 SF industrial building in Wheeling, Illinois available for sale.

    View details

    Wheeling, IL Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Wheeling, IL, showcased through 29 active listings on our real estate platform. These investment opportunities span a total of 512,259 square feet of properties for sale, with an estimated market value of $34,436,000.

    Sale prices for business properties in Wheeling, IL start at $189,000, averaging $2,869,666, and reaching up to $7,500,000 — 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 38K
    Population Growth (5Y) -0.4%
    Median Household Income $83,449
    College Educated 54.0%

    High-Yield Neighborhoods for Investment

    Identify Wheeling submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60090 $2.1M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Wheeling fall within the 25,000 to 50,000 square foot range.

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