Freestanding redevelopment opportunity at the northern gateway to Wheeling's established Restaurant Row on Milwaukee Avenue! This 8,014 +/- SF former restaurant building sits on 1.44 acres with prominent Milwaukee Ave frontage, near neighbors including The Westin, Cooper's Hawk, Saranello's, and Boston Fish Market. Existing restaurant infrastructure (kitchen, hood, coolers, fire suppression) remains on site - condition unverified, offered strictly as-is. Ideal for restaurant, entertainment, or another commercial concept, subject to Village of Wheeling approval. The Village has shown strong support for restaurant/entertainment redevelopment on this corridor, with potential build-out assistance available to a qualifying buyer, subject to Village approval and program requirements. Pylon and building signage potential. Note: the adjoining southern parking parcel is not included in this sale, and no restaurant equipment, trade fixtures, furniture, or operating business is included - sold strictly as-is. Buyer to independently verify all information, square footage, zoning, and Village approvals.
| MLS # | 12761280 |
|---|---|
| Listing Type | For Sale |
| Style | Bus / Bus W/real Est |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 13 |
| Listing Provided By | American Star Realty | Anjali Mohanty |
| SQ Feet | 8,014 |
|---|---|
| Story(s) | 1 |
| Zoning | RTAIL |
| Acreage | 1.44 |
| Cooling | Central Air |
|---|
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 47708 |
| State | IL |
|---|---|
| County | Cook |
| City | Wheeling |
| Zip Code | 60090 |
| Area | Wheeling |
| Listing VS Median (in 60090) | |
Price: $775,000 low | high Med: $299,900 sqft: 8,014 low | high Med: 1,296 $ / sqft: $97 low | high Med: $231 On site: 13 low | high Med: 27 | |
| State | IL |
|---|---|
| County | Cook |
| City | Wheeling |
| Zip Code | 60090 |
| Area | Wheeling |
| Listing VS Median (in 60090) | |
Price: $775,000 low | high Med: $299,900 sqft: 8,014 low | high Med: 1,296 $ / sqft: $97 low | high Med: $231 On site: 13 low | high Med: 27 | |