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Wheeling, IL Restaurants for Sale

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Mount Prospect, IL Arlington Heights, IL Buffalo Grove, IL

Iconic Restaurant & Real Estate Opportunity

$799,900

3,255 SF

Iconic Restaurant & Real Estate Opportunity

260 S Milwaukee Avenue, Wheeling, IL 60090

Profitable restaurant and prime real estate on Restaurant Row.

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.

Updated: Oct 28, 2025

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$2,199,000

12,000 SF

High Traffic Restaurant with Gaming

241 S Milwaukee Avenue, Wheeling, IL 60090

Restaurant with gaming in high-traffic location for sale.

High traffic location
Restaurant
Includes Gaming

Updated: Jan 28

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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.

$300,000

Fully Equipped Restaurant on Milwaukee Avenue

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

1121 Milwaukee Avenue, Deerfield, IL 60015

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Contact for pricing

Lazy Dog Ground Lease Opportunity

20-year absolute net ground lease with rental increases.

51 Mchenry Rd, Buffalo Grove, IL 60089

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$159,900

12,000 SF

Turnkey Restaurant Business For Sale

Well-established restaurant business with consistent revenue in prime location.

1000-1034 Weiland Rd, Buffalo Grove, IL

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Contact for pricing

4,586 SF

Restaurant Building Near Metra Station

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

663 Lake Cook Rd, Deerfield, IL

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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.

Highland Park Mixed-Use Development Site

$1,600,000

0.83 Acres

Highland Park Mixed-Use Development Site

36,438 SF mixed-use development site near downtown Highwood, IL.

417-429 Temple Avenue, Highland Park, IL 60035

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$1,600,000

0.84 Acres

Mixed-Use Development Site Opportunity

36,438 SF mixed-use development site near downtown Highwood, IL.

417-429 Temple Avenue, Highland Park, IL 60035

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$514,000

3.20 Acres

Palatine Land For Sale

3.2 acre commercial land available in Palatine, Illinois.

20638 Lake Cook Road, Palatine, IL 60074

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Contact for pricing

0.17 Acres

Commercial Land in Itasca, IL

Commercial land available for sale in Itasca, Illinois.

100 S Walnut Street, Itasca, IL 60143

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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.

82 Dundee Rd

Restaurants • 16,000 SF

Value Estimation by Request

82 Dundee Rd, Wheeling, IL 60090

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375 Dundee Rd

Lifestyle centers

Value Estimation by Request

375 Dundee Rd, Wheeling, IL 60090

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10 Milwaukee Ave

Restaurants

Value Estimation by Request

10 Milwaukee Ave, Wheeling, IL 60090

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Wheeling, IL Restaurants Investment Opportunities Market Analysis

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 $2,998,900.

Sale prices for restaurant properties in Wheeling, IL start at $799,900, averaging $1,499,450, and reaching up to $2,199,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Demographics Overview

Population 38K

Population Growth (5Y) -0.4%

Median Household Income $83,449

College Educated 54.0%

High-Yield Neighborhoods for Strategic Investment

Identify Wheeling submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

Neighborhood	Average Price
60090	$1.5M

Taxes & Financing

Average Loan-to-Value 65.0%

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Wheeling, IL Restaurants for Sale