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    1040 Milwaukee Ave Wheeling, IL 60090-6373
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    Property profile & analytics

    1040 Milwaukee Ave, Wheeling, IL 60090-6373

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    • Retail space
    • 0.93 lot acres
    Off-Market
    Property ID
    US28-2702014
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • VDA Capital Group, Inc / Bank / Credit Union
    • Artech Dental Studio / Dental Office
    • GB Bodywork / Alternative Medicine Practice / Acupuncture
    • Gutwin Window & Gutter Cleaning / General Contractor / Renovation Specialist
    • Dragon Therapies / Medical Clinic / Alternative Medicine Practice

    Property Details for 1040 Milwaukee Ave

    Year built
    1988
    Lot size
    0.93 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    03-13-200-016
    APU
    313200016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 19, 2013 $2,000,000 Wellbrand Properties LLC 1040 S Milwaukee LLC Warranty Deed $1.2M · North Shore Community Bank
    Oct 18, 2010 — 1040 S Milwaukee LLC — Deed Of Trust · related $18.5M · Mb Financial Bank NA
    Apr 18, 2003 $1,100,000 1040 S Milwaukee Avenue LLC Lasalle Bank NA Trustee Grant Deed $920k · First Equity Bank
    Jul 24, 1998 — Lasalle National Bank Trustee — Deed Of Trust · related $1M · Parkway Bank & Trust Co
    — — 1040 S Milwaukee LLC — Loan Modification · related $7.4M · Mb Financial Bank NA
    — — Wellbrand Properties LLC — Loan Modification · related $1.1M · Wintrust Bk
    — — 1040 S Milwaukee LLC — Deed Of Trust · related $14.4M · Mb Financial Bank NA

    Description

    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.


    Value Estimations

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    Location Insight

    • Map
    • Local Demand
    City
    Wheeling
    County
    Cook
    State
    Illinois
    Longitude
    -87.8968
    Latitude
    42.1203
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $54,507
    $151,125
    $19,411
    $170,536
    -
    $604,500
    $77,644
    $682,144
    More about this property
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