For Sale
$1,199,000

260 Milwaukee Ave Wheeling, IL 60090

Established Bagel Shop, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a fully operational restaurant, "Chicago Bagel," situated on a high-traffic street in Wheeling, Illinois. The 32,000 square foot, single-story building sits on a 0.75-acre lot with 30 parking spaces. Boasting a 35+ year history and recognizable brand, this well-established business offers dine-in, carryout, catering, and outdoor seating options. The fully equipped kitchen includes a 30-pan Middleby rotating oven, two walk-in coolers, and a walk-in freezer. Additional features include retail fixtures, display cases, seating for 40, a storage room, office, three bathrooms, and a two-car garage. The B3 zoned property presents significant potential for expansion, including the addition of a drive-through. Located on Milwaukee Avenue, this property benefits from over 30,000 cars passing daily and is surrounded by successful businesses, including Fresh Farms Int'l Market, Super Dawg, and Walgreens. The property is offered fee simple and includes all existing equipment. Adjacent vacant land owned by the Village of Wheeling may offer further development opportunities. This turnkey operation is ideal for an experienced restaurateur or investor seeking a profitable, established business in a prime location. The asking price is $1,199,000. The building was constructed in 1999. The property's APN is 03121040240000.

Highlights

  • High-traffic location on Milwaukee Ave., Wheeling, IL, with over 30,000 cars passing daily.
  • Excellent location surrounded by successful businesses.
  • Established restaurant ("Chicago Bagel") with a 35+ year operating history.
  • Versatile restaurant with dine-in, carryout, catering, and outdoor seating options.
  • Includes a fully equipped kitchen and a two-car garage.
  • Potential to add a drive-through lane.

Property Details for 260 Milwaukee Ave

Property type
Retail properties, Restaurants
Square Feet
32,000 SF
Class
B
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
32,670 SF
Units
1

Location Insight

City
Wheeling
County
Cook
State
Illinois
Latitude
42.1357737
Longitude
-87.9047086
260 Milwaukee Ave, Wheeling, Illinois

FAQs

What type of property is this?
Retail property - Established Bagel Shop, High Traffic Area
Where is the retail property located?
The property is located at 260 Milwaukee Ave Wheeling, IL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: High-traffic location on Milwaukee Ave., Wheeling, IL, with over 30,000 cars passing daily.; Excellent location surrounded by successful businesses.; Established restaurant ("Chicago Bagel") with a 35+ year operating history.
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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260 Milwaukee Ave
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