260 Milwaukee AveWheeling, IL 60090

Property Details for 260 Milwaukee Ave

Year built

1893

Lot size

0.23 AC

Property size (Sq ft)

1,298 SF

Property type

Commercial real estate

APN

03-12-104-030

APU

312104030

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $268,263

  Hospitality

  $245,727

  Educational

  $204,442

  Medical

  $211,473

  Retail

  $318,021

Location Insight

City

Wheeling

County

Cook

State

Illinois

Latitude

42.1355

Longitude

-87.9044

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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