Prospect Heights, IL Retail Properties & Spaces for Sale

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Iconic Restaurant & Real Estate Opportunity

$799,900

0.73 Acres

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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$99,000

1,800 SF

Wheeling Retail Investment Opportunity

1083 Lake Cook Road, Wheeling, IL 60090

Prime 1,800 SF retail space in high-visibility Wheeling location.

Prime 1,800 SF retail space ideal for street retail investment.
High‑visibility location in the vibrant Wheeling area.
Adjacent to Starbucks, ensuring consistent foot traffic.
All FF&E (Furniture, Fixtures, and Equipment) included.
Located in a bustling area with diverse shopping, dining, and entertainment options.

Updated: Nov 21, 2025

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$99,000

1,800 SF

Prime Retail Space For Sale

1,800 SF retail space with high visibility, near Starbucks.

1041-1081 E Lake Cook Rd, Wheeling, IL

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7,968 SF

Prime Location Automotive Hub

Strategic location with high traffic and convenience near I-294.

851 E Palatine Rd, Wheeling, IL

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$429,000

1,648 SF

Mixed-Use Property on Milwaukee Avenue

Mixed-use property with high visibility and ample parking.

231 N Milwaukee Ave, Wheeling, IL 60090

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Based on your search, we've compiled 57 Potential Opportunities for your consideration. Besides 5 Active listings in Prospect Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 44 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

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

$5,250,000

52,318 SF

Retail Building on Milwaukee Avenue

52,318 SF building on 4.07 acres with high traffic.

725 Milwaukee Avenue, Lincolnshire, IL 60069

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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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$5,250,000

52,318 SF

Lincolnshire Retail Building For Sale

52,318 SF building on 4.07 acres in Lincolnshire, IL.

725 Milwaukee Ave, Lincolnshire, IL 60069

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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.

$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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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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$850,000

0.69 Acres

Des Plaines Land For Sale

Land available in Des Plaines, Illinois.

1596 Oxford Road, Des Plaines, IL 60018

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Explore Off-Market Properties in Prospect Heights, IL

Consider similar Off-Market properties in Prospect Heights, 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.

1201 Wolf Rd

GAS STATION • 0.58 Acres

Value Estimation by Request

1201 Wolf Rd, Prospect Heights, IL 60070-1754

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1200 Riv Rd

RETAIL STORES (PERSONAL SERVICES) • 0.84 Acres

Value Estimation

$2,285,000

1200 Riv Rd, Prospect Heights, IL 60070

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1251 Wolf Rd

AUTO REPAIR, GARAGE • 0.64 Acres

Value Estimation by Request

1251 Wolf Rd, Prospect Heights, IL 60070

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1211 Wolf Rd

RETAIL STORES (PERSONAL SERVICES) • 0.46 Acres

Value Estimation

$925,000

1211 Wolf Rd, Prospect Heights, IL 60070-1754

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