For Sale
$1,975,000

1040 Milwaukee Ave Wheeling, IL 60090

High-Occupancy Office/Retail Building for Sale

Overview

Added:
Feb 3
Days on market:
77
This exceptional 26,000 square foot, two-story office and retail building presents a compelling investment opportunity in Wheeling, Illinois. Situated on Milwaukee Avenue, a high-traffic thoroughfare, this property boasts an enviable location just five minutes from Willow Road and I-294, providing easy access to major transportation arteries. Its proximity to Chicago Executive Airport further enhances its appeal. Constructed in 1967 and well-maintained, the building features 23 private suites ranging in size from 300 to 2700 square feet, offering flexibility for a diverse range of tenants. Currently, the occupancy rate is high, with only three units vacant. Each suite includes private entrances, a reception area, two to three offices, and closets. Many suites also offer additional amenities such as storage space, washrooms, kitchens, and conference rooms, catering to a variety of business needs, including medical/dental practices, legal offices, accounting firms, real estate agencies, and contractors. The building is equipped with an elevator, restrooms on each floor, central air conditioning, and ample parking, generating additional income from 60 parking spots. The building's excellent road visibility ensures high exposure for tenants. This turnkey property is ready for a new owner to capitalize on its strong performance and prime location.

Property Details for 1040 Milwaukee Ave

Property type
Commercial real estate
Square Feet
26,000 SF
Year Built
1967

Location Insight

City
Wheeling
County
Cook
State
Illinois
Latitude
42.12027
Longitude
-87.89666
1040 Milwaukee Ave, Wheeling, Illinois

FAQs

What type of property is this?
Commercial real estate - High-Occupancy Office/Retail Building for Sale
Where is the commercial real estate located?
The property is located at 1040 Milwaukee Ave Wheeling, IL.
What is the asking price?
The asking price for this property is $1,975,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1040 Milwaukee Ave
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