322 Milwaukee Ave, Wheeling, IL 60090-3018

This exceptional 3,300 square foot commercial property, located at 322 N Milwaukee Avenue in Wheeling, Illinois, presents a unique investment opportunity. The building underwent a complete rehabilitation in 2023 and 2024, encompassing a comprehensive renovation of both the commercial space and a three-bedroom apartment building situated on the same lot. Improvements include a new steel foundation, a waterproof seal, and a sump pump, ensuring structural integrity and protection against water damage. The roof, ramp, landscaping, garbage enclosure, HVAC system, and all mechanical systems were also completely replaced or installed during the extensive renovation. All interior spaces have been modernized. The property boasts a highly desirable B-3 commercial zoning classification, offering a wide range of potential uses for prospective buyers. The low property tax rate adds to the financial appeal. The building is currently occupied, so please do not disturb the existing business. This turnkey property is ready for immediate occupancy and offers significant potential for immediate return on investment. The combination of commercial space and residential rental income provides a diversified revenue stream. This is a rare opportunity to acquire a meticulously renovated property in a prime Wheeling location.