1040 Milwaukee AveWheeling, IL 60090

This exceptional two-story, Class A retail building, located at 1040 S Milwaukee Ave, Wheeling, IL 60090, presents a compelling investment opportunity. Boasting 26,000 square feet on a 40,300 square foot lot, this property features 23 units currently 97% occupied by a diverse mix of 20 small businesses, all under one-year leases with rent bumps. The building, constructed in 1967, offers 60 parking spaces and is conveniently situated near Willow Road and I-294, just five minutes from Chicago Executive Airport. Amenities include central air conditioning, an elevator, and restrooms on each floor. Many units feature private entrances, reception areas, closets, private washrooms, kitchens, and storage. The building's prime location on busy Milwaukee Avenue ensures excellent visibility and accessibility. With a strong NOI of $105,638 and a 5.40% cap rate, this property offers a solid return on investment. The asking price is $1,975,000, translating to $12 per square foot. The property is zoned for retail use and is individually owned. This is a turnkey opportunity for an investor seeking a well-maintained, high-performing retail asset in a desirable location.