Property profile

10 Milwaukee Ave Wheeling, IL 60090

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 2.05-acre retail property, located at 10 N Milwaukee Ave in Wheeling, Illinois (zip code 60090), presents a unique opportunity for restaurant operators. Situated at the intersection of Milwaukee Avenue and Dundee Road in Cook County, this site boasts a highly desirable location with exceptional visibility and accessibility. The property is strategically positioned along a stretch known as "Restaurant Row," benefiting from existing high foot and vehicle traffic. A significant advantage is the pre-approved drive-thru capability, catering to the convenience-seeking modern consumer. Furthermore, the site's proximity to a planned multi-family development promises increased future customer density and enhanced business potential. The high traffic count of 56,000 vehicles per day (VPD) underscores the significant exposure this location offers. This property is available for lease or sale, making it a versatile option for various business models and investment strategies. The property's latitude and longitude coordinates are 42.140334742197645 and -87.90799722134312 respectively. This is an unparalleled opportunity to establish a thriving restaurant business in a prime, high-traffic location.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Atm
  • Physician
  • Pharmacy
  • Pharmacy

Location

10 Milwaukee Ave Wheeling, IL 60090
Wheeling metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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