Prospect Heights, IL Restaurants for sale

Updated: Oct 28, 2025

Free-Standing Restaurant with Outdoor Seating

260 S Milwaukee Avenue, Wheeling, IL 60090

$799,900

0.73 AC lot

Profitable Landmark Business: Established bakery & deli (Chicago Bagel & Bialy) with over 43 years of operation and over $1 million in gross sales in 2024.
Prime Real Estate: Located on Wheeling's Restaurant Row with high traffic and excellent visibility.
Fully Equipped Restaurant: State‑of‑the‑art kitchen with Middleby Marshall rotating oven, walk‑in coolers/freezer, and all necessary fixtures for immediate operation.
Spacious and Versatile: 3255 sq. ft. building on a 32,000 sq. ft. lot with indoor and outdoor dining, 30 parking spaces, and potential for drive‑thru addition.
Expansion Opportunities: Potential to acquire an adjacent 1/4‑acre parcel from the Village of Wheeling for further growth.

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Updated: Jan 28

High Traffic Restaurant with Gaming

241 S Milwaukee Avenue, Wheeling, IL 60090

$2,099,000

12,000 sqft

High traffic location
Restaurant
Includes Gaming

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Sports Bar and Dance Venue

698 North Milwaukee Avenue, Prospect Heights, IL 60070

$1,500,000

Established sports bar/dance venue with 365 seats, including 50-seat patio, and 4AM daily liquor license.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Prospect Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Freestanding Drive-Thru Restaurant

720 E Rand Road, Mount Prospect, IL 60056

$1,350,000

0.54 AC lot

Freestanding masonry restaurant with drive-thru capability, turnkey kitchen buildout, and curb cut access from Rand Road.

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Mixed-Use Retail and Residential Building

1330 Webford Avenue, Des Plaines, IL 60016

$399,900

0.21 AC lot

Private courtyard and flexible C-13 zoning support a variety of retail, office, and restaurant uses.

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Retail Property in Mount Prospect

1065-1069 N Elmhurst Rd, Mount Prospect, IL

$3,856,340

6,809 sqft 69.21 AC lot

Retail property with strong tenant lineup in Chicago MSA.

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Turn-Key Restaurant with Drive-Thru

20 W Golf Rd, Des Plaines, IL

$925,000

2,800 sqft 0.52 AC lot

2,800 SF turn-key restaurant with drive-thru and ample parking.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Rand Road Development Opportunity

20420 N Rand Road, Deer Park, IL 60074

$2,500,000

1.94 AC lot

1.91 AC land with Rand Road frontage near retail.

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Mundelein, IL Commercial Land

331 Plaza Circle lot: 4, Mundelein, IL 60060

$286,000

0.43 AC lot

Commercial land available in Mundelein, Illinois.

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Commercial Land in Itasca, IL

100 S Walnut Street, Itasca, IL 60143

Contact for pricing

0.17 AC lot

Commercial land available for sale in Itasca, Illinois.

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Addison Land For Sale

133 E Lake Street, Addison, IL 60101

$999,999

0.89 AC lot

Located in the heart of Addison, zoned B2.

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Prospect Heights, IL Restaurants Market Trends and Statistics

Explore 3 restaurants for sale in Prospect Heights, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 12,000 square feet of properties for sale, with an estimated market value of $2,099,000.

Sale prices for restaurant properties in Prospect Heights, IL start at $2,099,000, averaging $2,099,000, and reaching up to $2,099,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Prospect Heights, IL Restaurants for Sale

260 S Milwaukee Avenue, Wheeling, IL 60090

241 S Milwaukee Avenue, Wheeling, IL 60090

698 North Milwaukee Avenue, Prospect Heights, IL 60070