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    Wheeling, IL Retail Properties & Spaces 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
    View details
    Two-Story Office/Retail Building For Sale
    $1,895,000
    26,000 SF
    Two-Story Office/Retail Building For Sale

    1040 S MILWAUKEE Avenue, Wheeling, IL 60090

    Two-story office/retail building with high occupancy and parking.
    • Prime location on Milwaukee Rd. near Willow Rd. and I‑294, close to Chicago Executive Palwaukee Airport.
    • High occupancy rate with only 3 vacant units.
    • 23 private suites with various sizes and configurations (300 SQ FT to 2700 SQ FT).
    • 60 parking spots generating extra income.
    • All units have private entrances, reception areas, and multiple offices; some include storage, washrooms, kitchens, and conference rooms.
    Updated: Mar 11
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    Prime Retail Space For Sale
    $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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    Prime Location Automotive Hub
    Contact for pricing
    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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    Mixed-Use Property on Milwaukee Avenue
    $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 80 Potential Opportunities for your consideration. Besides 5 Active listings in Wheeling, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 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.

    Northbrook Retail/Office Building For Sale
    $685,000
    1,500 SF
    Northbrook Retail/Office Building For Sale

    Stand-alone retail/office building in Northbrook with high traffic exposure.

    1815 Dundee Road, Northbrook, IL 60062

    View details
    Fully Equipped Restaurant on Milwaukee Avenue
    $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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    Restaurant Building Near Metra Station
    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

    View details
    Mixed-Use Property with Diversified Income
    Contact for pricing
    57,456 SF
    Mixed-Use Property with Diversified Income

    57,456 SF mixed-use property with long-term tenants.

    1310 Shermer Rd, Northbrook, IL 60062

    View details

    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 Near Abt Electronics
    $795,000
    0.84 Acres
    Commercial Land Near Abt Electronics

    0.835 acre commercial land for sale on Milwaukee Road.

    1223 Milwaukee Avenue, Glenview, IL 60025

    View details
    Rand Road Development Opportunity
    $2,500,000
    1.94 Acres
    Rand Road Development Opportunity

    1.91 AC land with Rand Road frontage near retail.

    20420 N Rand Road, Deer Park, IL 60074

    View details
    Palatine Land For Sale
    $512,000
    3.20 Acres
    Palatine Land For Sale

    3.2 acre commercial land available in Palatine, Illinois.

    20638 Lake Cook Road, Palatine, IL 60074

    View details
    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

    View details

    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.

    500 Jeffery Ave
    RETAIL STORES (PERSONAL SERVICES)
    Lot: 0.32 Acres
    Value Estimation by Request

    500 Jeffery Ave, Wheeling, IL 60090-5030

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    351 Dundee Rd
    RETAIL STORES (PERSONAL SERVICES)
    Value Estimation by Request

    351 Dundee Rd, Wheeling, IL 60090-2768

    View details
    365 Dundee Rd
    RETAIL STORES (PERSONAL SERVICES)
    Value Estimation by Request

    365 Dundee Rd, Wheeling, IL 60090-2768

    View details
    403 Dundee Rd
    RETAIL STORES (PERSONAL SERVICES)
    Value Estimation by Request

    403 Dundee Rd, Wheeling, IL 60090-2765

    View details
    335 Dundee Rd
    FINANCIAL BUILDING
    Value Estimation by Request

    335 Dundee Rd, Wheeling, IL 60090-2768

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    343 Dundee Rd
    RETAIL STORES (PERSONAL SERVICES)
    Value Estimation by Request

    343 Dundee Rd, Wheeling, IL 60090-2768

    View details
    307 Milwaukee Ave
    RETAIL STORES (PERSONAL SERVICES)
    Lot: 1.42 Acres
    Estimated value
    $870,000

    307 Milwaukee Ave, Wheeling, IL 60090-5076

    View details
    1083 Lk Cook Rd
    RETAIL STORES (PERSONAL SERVICES)
    Lot: 0.79 Acres
    Estimated value
    $2,920,000

    1083 Lk Cook Rd, Wheeling, IL 60090-2502

    View details
    1057 Lk Cook Rd
    MINI-MALL
    Lot: 2.37 Acres
    Estimated value
    $2,920,000

    1057 Lk Cook Rd, Wheeling, IL 60090-2502

    View details
    604 Milwaukee Ave
    RETAIL STORES (PERSONAL SERVICES)
    5,751 SF Lot: 1.44 Acres
    Estimated value
    $550,000

    604 Milwaukee Ave, Wheeling, IL 60090-3024

    View details
    548 Milwaukee Ave
    AUTO REPAIR, GARAGE
    Lot: 0.73 Acres
    Value Estimation by Request

    548 Milwaukee Ave, Wheeling, IL 60090-3022

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    729 Dundee Rd, Unit 51
    RETAIL STORES (PERSONAL SERVICES)
    11,963 SF Lot: 0.96 Acres
    Estimated value
    $1,450,000
    Unit 51

    729 Dundee Rd, Wheeling, IL 60090-2605

    View details
    10 Huntington Ln
    FINANCIAL BUILDING
    Lot: 1.50 Acres
    Estimated value
    $3,715,000

    10 Huntington Ln, Wheeling, IL 60090-6900

    View details
    1201 Wolf Rd
    GAS STATION
    Lot: 0.58 Acres
    Value Estimation by Request

    1201 Wolf Rd, Prospect Heights, IL 60070-1754

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    350 Dundee Rd
    STORE, RETAIL OUTLET
    Lot: 5.12 Acres
    Estimated value
    $2,500,000

    350 Dundee Rd, Wheeling, IL 60090-3192

    View details
    1200 Riv Rd
    RETAIL STORES (PERSONAL SERVICES)
    Lot: 0.84 Acres
    Estimated value
    $2,285,000

    1200 Riv Rd, Prospect Heights, IL 60070

    View details
    1251 Wolf Rd
    AUTO REPAIR, GARAGE
    Lot: 0.64 Acres
    Value Estimation by Request

    1251 Wolf Rd, Prospect Heights, IL 60070

    View details
    5110 Capitol Dr, Unit 60
    RETAIL STORES (PERSONAL SERVICES)
    Lot: 5.37 Acres
    Value Estimation by Request
    Unit 60

    5110 Capitol Dr, Wheeling, IL 60090-7900

    View details
    1211 Wolf Rd
    RETAIL STORES (PERSONAL SERVICES)
    Lot: 0.46 Acres
    Estimated value
    $925,000

    1211 Wolf Rd, Prospect Heights, IL 60070-1754

    View details

    Wheeling, IL Retail Properties & Spaces Investment Opportunities Market Analysis

    Explore 72 retail properties & spaces for sale in Wheeling, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 32,703 square feet of properties for sale, with an estimated market value of $3,222,900.

    Sale prices for stores in Wheeling, IL start at $99,000, averaging $805,725, and reaching up to $1,895,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Shopping centers 3
    Storefront properties 3
    Automotive properties 1
    Showrooms 1

    Demographics Overview

    Population 38K
    Population Growth (5Y) -0.4%
    Median Household Income $83,449
    College Educated 54.0%

    High-Yield Neighborhoods for 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 $1M

    Taxes & Financing

    Average Loan-to-Value 65.0%

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