Sports & Entertainment

Wheeling, IL Sports & Entertainment Properties for Sale

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Sports Bar and Dance Venue
Updated: Jun 25
Sports Bar and Dance Venue

698 North Milwaukee Avenue, Prospect Heights, IL 60070

$1,399,000
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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1 active listing matches your search: Sports & Entertainment for sale in Wheeling, IL. Based on your search, we've also compiled 6 Potential Opportunities for your consideration: 4 properties in nearby cities and 2 land listings with development potential.

Opportunities in Nearby Cities

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

Pistakee Country Club Redevelopment Site
Pistakee Country Club Redevelopment Site

815 Bay Road, Mchenry, IL 60050

$990,783
2,439,361 sqft  56 acres

Country club or redevelopment site near Chain O’Lakes Waterway.

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Indoor Sports & Social Facility
Indoor Sports & Social Facility

2367 West Logan Boulevard, Chicago, IL 60647

Bucktown
Contact for pricing
Business included  51,777 sqft  Built 1957 / renov 1997  Single tenant
Highway access + Road access

Year-round indoor multi-sport beach concept offered with a newly commenced net lease and an on-site electronic billboard option.

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Established Restaurant and Entertainment Venue
Established Restaurant and Entertainment Venue

2816 W Il Route 120, Mchenry, IL

Contact for pricing
5,450 sqft

Profitable restaurant and entertainment venue with owner financing available.

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Two-Story Retail Building
Two-Story Retail Building

3121 N Lincoln Avenue, Chicago, IL 60657

Lakeview
$1,550,000
8,700 sqft  Built 1910  marble and brick  1 building  2-story  0.1 acres
B1-3

Separate access to the upper level allows the floors to function as distinct business spaces.

Full unfinished basement  Open-concept space  Soaring 9+ foot ceilings  Large windows  Modern LED lighting  Oversized front display windows
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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.

Triangular Corner Commercial Land
Triangular Corner Commercial Land

Huntley Road lot: 009, Carpentersville, IL 60110

$550,000
2.41 acres

Raw commercial parcel positioned near the Randall Road corridor and across from an elementary school.

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Commercial Land with Road Frontage
Commercial Land with Road Frontage

6850 Huntley Road, Carpentersville, IL 60110

$550,000
2.38 acres

Commercial parcel with existing curb-cut access near the Randall Road corridor and surrounding retail activity.

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Wheeling, IL Sports & Entertainment Properties Market Trends and Statistics

Explore 1 sports & entertainment properties for sale in Wheeling, IL on our real estate platform.

Sale prices for sports & entertainment properties in Wheeling, IL average $1,399,000 — 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

Commercial property segments ranked by active listings on the market

Night clubs 1
Theaters & concert halls 1

Demographics Overview

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

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Wheeling fall within the 25,000 to 50,000 square foot range.

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