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241 S Milwaukee Ave

10,761 SF Retail Building Wheeling, IL 60090 £1,924,418 (£178.83/SF)

INVESTMENT HIGHLIGHTS

  • Low Property taxes due to Mixed Use
  • High Traffic Counts On Milwaukee Ave.
  • Gaming Income!!!!
  • Fully Equipped Restaurant

EXECUTIVE SUMMARY

The Ress Group is proud to present an excellent restaurant or redevelopment opportunity Over 1.5 Acres on Highly trafficked Milwaukee Ave in Wheeling IL. Turnkey restaurant that boasts an expansive state of the art kitchen with multiple work areas, walk in coolers , walk in Freezers and is fully equipped. This location offers Gaming in a large separate bar with additional seating. Full service restaurant, bar, and party room on ground level. Huge 3 bedroom apartment on 2nd level already rented out. Basement has another party room, dance floor, bar, 4 walk in coolers, storage, and bathrooms. Gaming Income is near $100,000 annually .Exceptional Opportunity to acquire a fully built out Restaurant/ Bar/ Private event space on 2 levels with dance floor and bar that can accommodate multiple private events. High Visibility with strong traffic counts on a major coveted location with many long term successful restaurants. Business is not included in sale. Please do not disturb employees.

ATTACHMENTS

Ress_WheelingRestaurantBrochure-Update (2) (2)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,761 SF
Building Class
C
Year Built/Renovated
1966/2012
Price
£1,924,418
Price Per SF
£178.83
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.15
Lot Size
1.64 AC
Zoning
B-3
Parking
50 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
83 ft on South Milwaukee Ave
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NEARBY MAJOR RETAILERS

Chase Bank
Benihana
Starbucks
Cooper's Hawk Winery & Restaurant

PROPERTY TAXES

Parcel Numbers
Multiple
  • 03-12-101-052-0000
  • 03-12-101-060-0000
  • 03-12-101-050-0000
 Improvements Assessment £26,213
Land Assessment £32,066 Total Assessment £58,279

PROPERTY TAXES

Parcel Numbers
Multiple
  • 03-12-101-052-0000
  • 03-12-101-060-0000
  • 03-12-101-050-0000
Land Assessment
£32,066
Improvements Assessment
£26,213
Total Assessment
£58,279
(773) 617-7629

CONTACTS

  • Listing ID: 30770128

  • Date on Market: 25/01/2024

  • Last Updated:

  • Address: 241 S Milwaukee Ave, Wheeling, IL 60090

The Retail Property at 241 S Milwaukee Ave, Wheeling, IL 60090 is currently available for sale. Contact BHHSCHICAGO for more information.

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241 S Milwaukee Ave
(773) 617-7629 x

241 S Milwaukee Ave

1/2

Kiki Ress

(773) 617-7629

(773) 617-7629

Ioannis Ress

(773) 818-5536

(773) 818-5536

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