Wheeling, IL Restaurants for sale

Updated: Oct 28, 2025

Freestanding Bakery and Deli

260 S Milwaukee Avenue, Wheeling, IL 60090

$799,900

0.73 AC lot

3,255‑square‑foot freestanding building on a 32,000‑square‑foot parcel
30‑pan Middleby Marshall rotating oven with six shelves
Two walk‑in coolers, a walk‑in freezer, prep areas, and refrigeration equipment
Indoor seating for 40+ guests plus outdoor seating for an additional 40+
30 parking spaces and a two‑car attached garage

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Updated: Jun 25

Sports Bar and Dance Venue

698 North Milwaukee Avenue, Prospect Heights, IL 60070

$1,500,000

Established 1991 sports bar and dance venue with 365 total seats, including a 50‑seat patio (14% outdoor seating).
4AM daily liquor license with 20‑hour license; licensed hours maximize late‑night operations and allow earlier opening for additional gaming revenue.
2024 performance includes $1.5M gross sales and $300,000+ Seller’s Discretionary Earnings (20% SDE margin).
Gaming revenue provides supplemental income, with $127,243 take‑home (2024) and video gaming as a secondary revenue stream.
Modelo account is reported as the largest in Illinois (state‑leading position).

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See hot listings in Wheeling

Scored against comparables nationwide. These are worth a look.

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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.

Freestanding Restaurant with Drive-Through

720 E Rand Rd, Mount Prospect, IL 60056

$1,350,000

2,533 sqft 0.54 AC lot

Fully equipped freestanding restaurant with commercial kitchen infrastructure, parking, and direct drive-through access from Rand Road.

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Freestanding Drive-Through Restaurant

720 E Rand Road, Mount Prospect, IL 60056

$1,350,000

0.54 AC lot

Fully equipped restaurant facility with commercial kitchen infrastructure, parking, and direct access from Rand Road.

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Dual-Tenant NNN Property

948 Dundee Rd, Palatine, IL 60074

Contact for pricing

4,336 sqft 0.51 AC lot

Two nationally recognized restaurant concepts operate under separate NNN leases in a recently built commercial property.

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Turnkey Restaurant with Drive-Thru

1158 E Dundee Rd, Palatine, IL 60074

Contact for pricing

1,744 sqft 0.50 AC lot

1,744 SF restaurant with drive-thru on half-acre lot.

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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.

Commercial Land with Road Frontage

20420 N Rand Road, Deer Park, IL 60074

$2,500,000

1.94 AC lot

PUD-zoned commercial land with Rand Road frontage and natural gas availability.

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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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Melrose Park Land For Sale

2305 N Mannheim Road, Melrose Park, IL 60164

$1,099,000

Commercial land available in Melrose Park, 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

Estimated value: by Request

16,000 sqft

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Lifestyle centers

375 Dundee Rd, Wheeling, IL 60090

Estimated value: by Request

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Restaurants

10 Milwaukee Ave, Wheeling, IL 60090

Estimated value: 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.

Sale prices for restaurant properties in Wheeling, IL start at $799,900, averaging $1,149,950, and reaching up to $1,500,000 — 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	$799.9K

Neighborhood

Average Price

60090

$799.9K

Wheeling, IL Restaurants for Sale

260 S Milwaukee Avenue, Wheeling, IL 60090

698 North Milwaukee Avenue, Prospect Heights, IL 60070