Individually Owned Property summary
This exceptional investment opportunity presents a fully operational restaurant, "Chicago Bagel," situated on a high-traffic street in Wheeling, Illinois. The 32,000 square foot, single-story building sits on a 0.75-acre lot with 30 parking spaces. Boasting a 35+ year history and recognizable brand, this well-established business offers dine-in, carryout, catering, and outdoor seating options. The fully equipped kitchen includes a 30-pan Middleby rotating oven, two walk-in coolers, and a… walk-in freezer. Additional features include retail fixtures, display cases, seating for 40, a storage room, office, three bathrooms, and a two-car garage. The B3 zoned property presents significant potential for expansion, including the addition of a drive-through. Located on Milwaukee Avenue, this property benefits from over 30,000 cars passing daily and is surrounded by successful businesses, including Fresh Farms Int'l Market, Super Dawg, and Walgreens. The property is offered fee simple and includes all existing equipment. Adjacent vacant land owned by the Village of Wheeling may offer further development opportunities. This turnkey operation is ideal for an experienced restaurateur or investor seeking a profitable, established business in a prime location. The asking price is $1,199,000. The building was constructed in 1999. The property's APN is 03121040240000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 11 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,298 SF
- Lot area
- 0.23 ac
- Year built
- 1893
- Stories
- 2
- APN
- 03-12-104-030
- Assessed value · 2022
- $50,774
- Annual tax · 2022
- $16,228
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Alternative use
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