Multi-Building Retail and Office
For Sale
Contact for pricing
604 S Milwaukee Ave, Wheeling, IL 60090
Stabilized, multi-tenant retail center with approximately 10,550 SF of second-floor office space across three buildings.
Property Size113,801 SF
Days on Market162
Property Features for 604 S Milwaukee Ave
General Information
Standard status
Active
Size
113,801 SF
Property subtype
RETAIL
Occupancy
87%
Building Details
Tenancy
Multi
Listing Agency:
Frontline Real Estate Partners, LLC
(847) 542-9058
Listed By:
Matthew Tarshis · License #475156642
(847) 542-9058
Source:
Moodyscre
Added: Feb 18
Changed: Jul 26
Last Checked: Jul 29 at 12:27PM
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 Frontline Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
This multi-tenant retail center spans three buildings and totals 113,801 SF, offering a mix of retail space and approximately 10,550 SF of second-floor office space. The property is described as stabilized and income-producing, with an in-place NOI of approximately $1,004,000. Occupancy is reported at 87%, with 14,954 SF currently available for lease.
The center is located along North Milwaukee Avenue, a well-traveled commercial corridor serving Prospect Heights, Wheeling, Mount Prospect, and surrounding communities.
For buyers and brokers, the center’s configuration across multiple buildings and its combination of ground-level retail with second-floor office space provide an identifiable tenant mix and leasing pathway for the remaining vacancy.
The center is located along North Milwaukee Avenue, a well-traveled commercial corridor serving Prospect Heights, Wheeling, Mount Prospect, and surrounding communities.
For buyers and brokers, the center’s configuration across multiple buildings and its combination of ground-level retail with second-floor office space provide an identifiable tenant mix and leasing pathway for the remaining vacancy.
Key Highlights
- 113,801 SF multi‑tenant retail center across three buildings
- Approximately 10,550 SF of second‑floor office space included within the retail center
- In‑place NOI of approximately $1,004,000
Property Analytics
Current Use
Lease Details
87%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
781
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 Office in Midwest region
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Similar Off Market Nearby
- Palwaukee Plaza — 604 N Milwaukee Ave, Prospect Heights, IL 60070
Frequently Asked Questions
What type of property is this?
Shopping center - Stabilized, multi-tenant retail center with approximately 10,550 SF of second-floor office space across three buildings.
Where is this shopping center located?
The property is located at 604 S Milwaukee Ave Wheeling, IL.
What are key features of this property?
This property features: 113,801 SF multi‑tenant retail center across three buildings; Approximately 10,550 SF of second‑floor office space included within the retail center; In‑place NOI of approximately $1,004,000
