Restaurant with Private Party
For Sale
Contact for pricing
Pending
550 S Milwaukee Ave, Wheeling, IL 60090
Full-service layout includes a bar, two kitchens, private rooms, and an outdoor patio.
Property Size7,200 SF
Lot Size2.43 Acres
Days on Market145
Property Features for 550 S Milwaukee Ave
General Information
Standard status
Pending
Size
7,200 SF
Total Parking Spaces
111
Lot size
2.43 Acres
Property subtype
Retail
Additional Details
Road Access
Yes
Patio
Yes
Amenities
Full Service Bar
Private Party Rooms
Listing Agency:
Baird & Warner
Listed By:
Yogi Yedlin · License #IL
(312) 265-8000
Source:
Crexi
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 31 at 6:28AM
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 Baird & Warner
Investment Insights
Based on property information with market context.
This restaurant property offers approximately 7200 square feet on 2.43 acres, with a substantial operating layout for food service and events. Interior components include a primary dining room, full-service bar, main kitchen, prep kitchen, and 3 private party rooms. Three walk-in coolers support back-of-house operations, while an al fresco patio extends the dining configuration outdoors.
The property is located at 550 S Milwaukee Ave in Wheeling, within the area identified as Restaurant Row. The site includes 111 parking spaces and frontage along Milwaukee Ave, providing a dedicated setting for a restaurant operation with indoor and outdoor customer areas.
The property is located at 550 S Milwaukee Ave in Wheeling, within the area identified as Restaurant Row. The site includes 111 parking spaces and frontage along Milwaukee Ave, providing a dedicated setting for a restaurant operation with indoor and outdoor customer areas.
Key Highlights
- Approximately 7200 square feet on 2.43 acres
- 3 private party rooms for dining or events
- Main kitchen, prep kitchen, and full‑service bar
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Full-service layout includes a bar, two kitchens, private rooms, and an outdoor patio.
Where is this conventional restaurant located?
The property is located at 550 S Milwaukee Ave Wheeling, IL.
What are key features of this property?
This property features: Approximately 7200 square feet on 2.43 acres; 3 private party rooms for dining or events; Main kitchen, prep kitchen, and full‑service bar
