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Hotel-Front Retail Center
For Sale
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701 N Milwaukee Ave, Wheeling, IL 60090

Shopping center positioned in front of the Westin Hotel with excellent visibility and ample parking.

Property Size1,050 SF
Price / SF$5,077
Days on Market228

Property Features for 701 N Milwaukee Ave

General Information

Standard status Active
Size 1,050 SF
Property subtype RETAIL

Building Details

Tenancy Multi

Properties For Sale

at 701 N Milwaukee Ave Contact us

701 N Milwaukee Ave

Floor
1
Size
1,050 SF
Type
RETAIL
Availability
AVAILABLE, Now
Sublease
No
- Located just south of the highly trafficked Lake Cook & Milwaukee intersection -...
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Listing Agency: Baum Realty
Listed By: Mark Fredericks · License #475143580
Source: Moodyscre
Added: Jan 22 Changed: Aug 8 Last Checked: Jul 23 at 2:34PM

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 Baum Realty

Investment Insights

Based on property information with market context.

This retail center is located just south of the highly trafficked Lake Cook & Milwaukee intersection, offering strong street presence for prospective customers. The property is set within a shopping center environment with plenty of parking in the center.

The center benefits from frontage in front of the Westin Hotel, supporting consistent visibility throughout the day. Co-tenants include Cilantrio Taco Grill, Chicago Ramen, Elsa’s, Spears Bourbon & Burgers, and Massage Envy.

Offered for sale, the property presents an established retail setting with an active mix of surrounding businesses.

Key Highlights

  • Shopping center located in front of the Westin Hotel
  • Excellent visibility and ample parking in the center
  • Located just south of the Lake Cook & Milwaukee intersection

Property Analytics

Current Use

Massage Envy Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Storage Facility Auto Repair Shop Big Box & Wholesale Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

608
Businesses Nearby
46k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 61% Shops & Services 34% Beauty & Spa 5%
Cooper's Hawk Winery & Restaurant Dining
18,257 visits/mo 0.1 miles
Speedway Shops & Services
15,274 visits/mo 0.4 miles
Starbucks Dining
6,979 visits/mo 0.1 miles
Mexico Restaurant Dining
2,903 visits/mo 0.5 miles
Massage Envy Beauty & Spa
2,265 visits/mo

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Shopping center positioned in front of the Westin Hotel with excellent visibility and ample parking.
Where is this retail space located?
The property is located at 701 N Milwaukee Ave Wheeling, IL.
What is the asking price?
The asking price for this property is $5,331,000.
What are key features of this property?
This property features: Shopping center located in front of the Westin Hotel; Excellent visibility and ample parking in the center; Located just south of the Lake Cook & Milwaukee intersection
(312) 275-3109 Call to check price and availability
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