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Wheeling Office Building For Lease
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1040 S Milwaukee Ave, Wheeling, IL 60090

26,000 SF office building with flexible lease terms.

Space Size650 SF
Property Size26,000 SF
Days on Market938

Property Features for 1040 S Milwaukee Ave

General Information

Standard status Active
Size 650 SF
Class B
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 26,000 SF
Tenancy Multiple

Spaces For Lease

at 1040 S Milwaukee Ave Contact us

Suite 230

Size
650 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 250

Size
650 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Versa Real Estate Services
Listed By: Ryan Moen · License #IL 471011256
Source: Crexi
Added: Jan 25, 2024 Changed: Aug 15 Last Checked: Aug 20 at 5:53PM

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 Versa Real Estate Services

Investment Insights

Based on property information with market context.

The property at 1040 S Milwaukee Avenue in Wheeling, Illinois, is a 26,000 square foot office building available for lease. It is located off South Milwaukee Road, providing access to I-294. The location is in close proximity to a variety of fast serve and fine dining restaurants. The building offers attractive rents and flexible lease terms.

Key Highlights

  • Attractive rents
  • Flexible lease terms
  • 26,000 SF building size

Property Analytics

Current Use

VDA Capital Group, ... Bank Artech Dental Studio Dental Office GB Bodywork Alternative Medicine Practice Gutwin Window & Gutter ... General Contractor Dragon Therapies Medical Clinic

Suggested Use

Top Pick Restaurant Spa & Massage Center Pharmacy Garden Center Grocery & Convenience Store Electrical Service

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

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

296
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - 26,000 SF office building with flexible lease terms.
Where is this office building located?
The property is located at 1040 S Milwaukee Ave Wheeling, IL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Attractive rents; Flexible lease terms; 26,000 SF building size
(630) 480-6346 Call to check price and availability
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