Wheeling, IL Restaurants for sale

Updated: Oct 28, 2025

Iconic Restaurant & Real Estate Opportunity

260 S Milwaukee Avenue, Wheeling, IL 60090

$799,900

3,255 sqft · 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

$2,149,000

12,000 sqft

High traffic location
Restaurant
Includes Gaming

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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 13 Potential Opportunities for your consideration. Besides 2 Active listings in Wheeling, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, 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.

Turnkey Restaurant Business For Sale

500 Anthony Trail, Northbrook, IL 60062

$195,000

Well-established Northbrook restaurant with banquet halls and fully equipped kitchen.

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Fully Equipped Restaurant on Milwaukee Avenue

1121 Milwaukee Avenue, Deerfield, IL 60015

$300,000

Turn-key Korean BBQ restaurant with high visibility and accessibility.

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Established Korean Restaurant in Northbrook

3534 N Milwaukee Avenue, Northbrook, IL 60062

$150,000

Thriving Korean restaurant in Northbrook's dining district for sale.

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Restaurant Building Near Metra Station

663 Lake Cook Rd, Deerfield, IL

Contact for pricing

4,586 sqft · 0.62 AC lot

4,586 SF restaurant building with drive-thru near Metra station.

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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.

Palatine Land For Sale

20638 Lake Cook Road, Palatine, IL 60074

$512,000

3.20 AC lot

3.2 acre commercial land available in Palatine, Illinois.

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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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Off-Market Properties in Wheeling, IL

Consider similar Off-Market properties in Wheeling, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Restaurants

82 Dundee Rd, Wheeling, IL 60090

Value Estimation by Request

16,000 sqft

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Lifestyle centers

375 Dundee Rd, Wheeling, IL 60090

Value Estimation by Request

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Restaurants

10 Milwaukee Ave, Wheeling, IL 60090

Value Estimation by Request

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Wheeling, IL Restaurants Market Trends and Statistics

Explore 5 restaurants for sale in Wheeling, IL on our real estate platform. These investment opportunities span a total of 15,255 square feet of properties for sale, with an estimated market value of $2,948,900.

Sale prices for restaurant properties in Wheeling, IL start at $799,900, averaging $1,474,450, and reaching up to $2,149,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
60090	$1.5M

Neighborhood

Average Price

60090

$1.5M

Wheeling, IL Restaurants for Sale

260 S Milwaukee Avenue, Wheeling, IL 60090

241 S Milwaukee Avenue, Wheeling, IL 60090