Prospect Heights, IL Retail Space for Sale

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Chicago, IL Springfield, IL Hoffman Estates, IL

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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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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$99,000

1,800 SF

Wheeling Retail Investment Opportunity

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

1083 Lake Cook Road, Wheeling, IL 60090

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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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Based on your search, we've compiled 39 Potential Opportunities for your consideration. Besides 4 Active listings in Prospect Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 29 Off-Market properties to explore as potential leads, plus 2 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.

$1,599,000

0.54 Acres

Turnkey Restaurant with Drive-Thru

Freestanding restaurant with drive-thru on Rand Road corridor.

720 E Rand Road, Mount Prospect, IL 60056

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$48,000

2.32 Acres

Established Salon Business Opportunity

Turnkey salon business for sale in prime location.

1101 Weiland Road, Buffalo Grove, IL 60089

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$3,856,340

6,809 SF

Retail Property in Mount Prospect

Retail property with strong tenant lineup in Chicago MSA.

1065-1069 N Elmhurst Rd, Mount Prospect, IL

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Contact for pricing

61,650 SF

Former Grocery Store and Outlot

61,650 SF retail opportunity at Lake Cook and Arlington Heights.

1160 W Lake Cook Rd, Buffalo Grove, IL 60089

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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.

$1,599,000

2.07 Acres

Prime Land in Growing Corridor

2.07 acres of PUD-zoned land on State Hwy 207.

3229 State Road 207, Elkton, FL 32033

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$750,000

0.72 Acres

Commercial Land on Busy Roadway

Prime commercial land with high visibility and development potential.

5355 TURNPIKE FEEDER ROAD, Fort Pierce, FL 34945

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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.

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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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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