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.
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.
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Milwaukee Ave Wheeling, IL 60090
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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