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Freestanding Live-Work Building
For Sale
$539,000

322 N Milwaukee Ave, Wheeling, IL 60090

Completely remodeled freestanding building with large parking, flexible first-floor space, and an updated apartment upstairs.

Property SizeContact for details
Days on Market147

Property Features for 322 N Milwaukee Ave

General Information

Standard status Active

Building Details

Year Built 1926
Listing Agency: Century 21 Utmost
Listed By: Grace Ryu
Source: Bktchicago
Added: Apr 12 Changed: Sep 3 Last Checked: Sep 5 at 10:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Utmost

Investment Insights

Based on property information with market context.

Completely remodeled freestanding building offering flexible first-floor space ready for a new use, with large on-site parking to support customers and clients. The second floor features an updated, very large apartment with cathedral ceilings and stainless steel appliances.

The property is currently set up for combined use, with the option to operate a business on the first floor while living upstairs, or to rent the apartment for additional income. The upstairs tenant is on a month-to-month arrangement, which may support straightforward scheduling for showings and tenant coordination.

With the building’s retail-to-service positioning on the main level and a self-contained apartment above, this setup can work well for owner-operators seeking an attached live/work arrangement.

Key Highlights

  • Completely remodeled freestanding building with a large parking area
  • Second‑floor updated very large apartment with cathedral ceilings and stainless steel appliances
  • First‑floor space is flexible and ready for a new concept (retail or service noted)

Property Analytics

Current Use

Western States Construction Roofing Company Mochinut Wheeling Bakery Royal Empire Construction General Contractor

Suggested Use

Top Pick Locksmith Storage Facility (Bike/Boat/Book/etc) Store Catering Service Pet Grooming Service Barber Shop

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

816
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
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Frequently Asked Questions

What type of property is this?
Live-work space - Completely remodeled freestanding building with large parking, flexible first-floor space, and an updated apartment upstairs.
Where is this live-work space located?
The property is located at 322 N Milwaukee Ave Wheeling, IL.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Completely remodeled freestanding building with a large parking area; Second‑floor updated very large apartment with cathedral ceilings and stainless steel appliances; First‑floor space is flexible and ready for a new concept (retail or service noted)
More about this property
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