Mixed-Use

Wheeling, IL Mixed-use Properties for Sale

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Freestanding Mixed-Use Building
Updated: Sep 21
Freestanding Mixed-Use Building

231 N Milwaukee Avenue, Wheeling, IL 60090

$480,000
0.29 AC lot
1,648 SF freestanding mixed‑use building with commercial storefront and finished upper‑level quarters
Two parcels totaling 12,596 SF on 0.29 acre
100 feet of frontage on Milwaukee Avenue (US 45)
B‑3 zoning allows retail, restaurant, office, personal service, and artist studio uses by right
24,300 vehicles per day on Milwaukee Avenue at the property in 2025
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Mixed-Use Property on Milwaukee Avenue
Updated: Aug 4, 2020
Mixed-Use Property on Milwaukee Avenue

231 N Milwaukee Ave, Wheeling, IL 60090

Contact for pricing
1,648 sqft 0.30 AC lot
High‑traffic location: Over 30,000 daily traffic count on N Milwaukee Ave.
Large lot size: 13,000 sq ft with 100‑foot frontage on N Milwaukee Ave.
Flexible zoning: Zoned B‑3, allowing for commercial, office, and mixed residential use.
Ample parking: Room to park 20 cars.
Excellent visibility: Located in a choice location on N Milwaukee Ave.
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See hot listings in Wheeling

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Wheeling, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Building with Courtyard
Mixed-Use Building with Courtyard

1330 Webford Ave, Des Plaines, IL 60016

$399,900
4,268 sqft

C-13 zoning supports varied commercial uses alongside residential potential and a private outdoor area.

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Palatine Mixed-Use Multi-Tenant Building
Palatine Mixed-Use Multi-Tenant Building

110 N. Brockway Street, Palatine, IL 60067

$5,395,000
37,890 sqft

Architecturally distinct mixed-use building in downtown Palatine with Metra access.

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Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

552 E Northwest Highway, Palatine, IL 60074

$850,000
0.17 AC lot

Two remodeled residences sit above ground-floor commercial space with separate utilities and a rear delivery door.

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Mixed-Use Building with Courtyard
Mixed-Use Building with Courtyard

1330 Webford Avenue, Des Plaines, IL 60016

$399,900
0.21 AC lot

Block construction, central air, and a private outdoor area support flexible commercial and residential occupancy.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Downtown Libertyville Lot
Prime Downtown Libertyville Lot

121 W Church St Unit 2, Libertyville, IL 60048

$1,500,000
4,500 sqft

Rare opportunity to own a lot in downtown Libertyville.

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Downtown Commercial Land
Downtown Commercial Land

206 N Cook Street, Barrington, IL 60010

$3,495,000
2.01 AC lot

Commercial land in downtown Barrington with COMMR zoning.

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Downtown Commercial Land Site
Downtown Commercial Land Site

206 N Cook Street, Barrington, IL 60010

$3,495,000
2.01 AC lot

Commercial land in downtown Barrington with COMMR zoning and natural gas availability.

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Melrose Park Land For Sale
Melrose Park Land For Sale

2305 N Mannheim Road, Melrose Park, IL 60164

$1,099,000

Commercial land available in Melrose Park, Illinois.

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Off-Market Properties in Wheeling, IL

Consider similar Off-Market properties in Wheeling, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Wheeling, IL 60090
STORES & APARTMENTS

Wheeling, IL 60090

Estimated value:
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Wheeling, IL Mixed-Use Properties Market Trends and Statistics

Explore 3 mixed-use properties for sale in Wheeling, IL on our real estate platform. These investment opportunities span a total of 1,648 square feet of properties for sale, with an estimated market value of $480,000.

Sale prices for multi use buildings in Wheeling, IL average $480,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Live-work space 1

Demographics Overview

Population 38K
Population Growth (5Y) -0.4%
Median Household Income $83,449
College Educated 54.0%

High-Yield Neighborhoods for Investment

Identify Wheeling submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
60090 $480K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Wheeling fall within the 25,000 to 50,000 square foot range.

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