Property profile

1040 Milwaukee Ave Wheeling, IL 60090

OFF-MARKET
Retail space
Property ID
US28-2702014
0.93 ac lot Built 1988
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 26,000-square-foot Class B office building, located at 1040 S Milwaukee Ave in Wheeling, Illinois (zip code 60090), presents a compelling opportunity for businesses seeking a versatile and well-situated workspace. The property is categorized as a Traditional Office building with multiple tenancy options, making it ideal for a variety of business needs and sizes. Situated in Cook County, this building offers attractive rental rates and flexible lease terms, providing tenants with significant adaptability. Its convenient location just off South Milwaukee Avenue ensures easy access to I-294, a major transportation artery, simplifying commutes and logistics. Furthermore, the building benefits from its proximity to a diverse range of dining establishments, offering employees and visitors a wide selection of convenient lunch and dinner options. The building's total square footage is 26,000 square feet, providing ample space for various business configurations. This property represents a strong investment opportunity in a thriving location. Interested parties are encouraged to inquire for further details and leasing information.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1988
Lot 0.93 ac (40,300 SF)
APN 03-13-200-016
UPID US28-2702014

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
  • Bank Credit Union
  • Dental Office
  • Alternative Medicine Practice Acupuncture
  • General Contractor Renovation Specialist
  • Medical Clinic Alternative Medicine Practice

Location

1040 Milwaukee Ave Wheeling, IL 60090-6373
Wheeling metro Census 802505 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2013
7 recorded transactions
2013
$2.0M
2010
Price N/A
2003
$1.1M
1998
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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