241 S Milwaukee Avenue Wheeling, IL ^$ 2,895,000

241 S Milwaukee Avenue

^$ 2,895,000

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241 S Milwaukee Avenue

Wheeling, IL, 60090

^$ 2,895,000

Studio Baths0.0 Sq 12,000

Monthly Estimate*

^$ 19,241

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241 S Milwaukee Avenue, Wheeling, IL 60090 - Image 10

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Studio

Commercial Property for sale in Wheeling, IL

for $2,895,000. This 12,000 square foot building was built in 1962 on a lot size of 1.63494.

Excellent restaurant opportunity on the busy Milwaukee Ave in Wheeling IL. Turnkey restaurant with Gaming. 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 ins, storage, and bathrooms. Gaming Income is near$100,000 annually.

Commercial Active

Price

^$ 2,895,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 24,149

Style

Lot Size

1.63494

Year Built

1962

Town/City

Wheeling

County/Region

Cook

MLS | Web ID

11962151

Features

General

Cooling Central Air Central Individual

Possession Closing

Zoning COMMR

Construction Materials Brick

Year Built 1962

Electric Three Phase

Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Operating Stops Taxes Insurance Repairs Scavenger Tax Stops

Stories 2

Township Wheeling

Property SubType Free Standing Store Restaurant

Tax Year 2022

County Cook

Net Operating Income 0

Property Type Commercial Sale Retail/Stores

Status Active

Directions Glenview rd to N Milwaukee ave

City Wheeling

MLS Area Wheeling

Lot Size Square Feet 71218

Street Name Milwaukee

Tax Annual Amount 24149

Additional Parcels Y/N Y

Leasable Area 0

Virtual Tour https://tours.databasedads.com/4592097/241-N-Milwaukee-Avenue-Wheeling-IL?u=1

Days on Market 96

Standard Status Active

Exterior

Building Area Total 12000

Lot Dimensions 122.47X98.81X499.43X422.17X225.33X61.04

Frontage Type Public Road

Interior

Street Suffix Avenue

* Excluded Features

List By

Berkshire Hathaway Homeservices Chicago

Broker

IRess@bhhschicago.com

Affordability Calculator

$21,253

Per Month

Monthly Principal & Interest: $19,241
Monthly Property Taxes: $2,012
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Wheeling, IL

Average List Price ^$2,551,571

Percent of Sale Price 12%

About Wheeling, IL

39,281 Population

7% Since 2002

^$61,129 Median Income

39.33 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/22/2024	$2,895,000	-0.99%	Price Down
3/11/2024	$2,924,000	-0.85%	Price Down
1/23/2024	$2,949,000		Listed Price

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241 S Milwaukee Avenue, Wheeling, IL, 60090 is a Commercial Property for sale at $2,895,000 with 12,000 sqft and a lot size of 1.63494. 241 S Milwaukee Avenue is a studio with 0.0 baths and was built in 1962. The property's zip code is 60090 which is in Wheeling, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/4/2024.

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241 S Milwaukee Avenue

Commercial Property for sale in Wheeling, IL

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