550 S Milwaukee Ave

550 S Milwaukee Ave , Wheeling, Illinois, 60090 | 7,200 sq.f | $ 1,849,000

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About This Restaurant

Investment Highlights

Executive Summary

USE FOR A RESTAURANT OR REDEVELOP TO SUIT YOUR NEEDS! Prime location located in Wheeling?s Restaurant Row. Fantastic traffic counts, approximately 7300 square feet with custom-built high-quality finishes and situated on 2.43 acres. With a large main dining area, full-service bar, main and prep kitchen plus 3 private party rooms, 3 walk-in coolers?this property checks all the boxes for a high-quality restaurant location with fantastic traffic count exposure, being located on Milwaukee Ave. Combined with an al fresco patio and 111 parking spaces, you won't find a better opportunity in Wheeling. This property can be a redevelopment site and can be joined with another 2.4-acre site next door that is available for sale. The village of Wheeling is willing to work with anyone on real estate tax incentives.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Bank General Retail Daycare Center General Retail Storefront Retail/Residential Restaurant
  • Building Size    7,200
  • Building Class    B
  • Year Built    1990
  • Price    1,849,000
  • Price Per SF    257
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.05
  • Land Acres    3.27 AC

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Air Conditioning

Property Taxes

Parcel Number 03-12-116-028-0000 Improvements Assessment $293,507
Land Assessment $106,898 Total Assessment $400,405
Date Created: 2024-07-16 04:13:39 Last Updated: 2024-07-16 04:13:39
Address: 550 S Milwaukee Ave , Wheeling, Illinois, 60090