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241 S Milwaukee Ave 10,761 SF Retail Building Wheeling, IL 60090 $2,295,000 ($213.27/SF)
INVESTMENT HIGHLIGHTS
- Low Property taxes due to Mixed Use
- High Traffic Counts On Milwaukee Ave.
- Gaming Income!!!!
- Fully Equipped Restaurant
EXECUTIVE SUMMARY
The Ress Group is proud to present an excellent restaurant or redevelopment opportunity Over 1.5 Acres on Highly trafficked Milwaukee Ave in Wheeling IL. Turnkey restaurant that boasts an expansive state of the art kitchen with multiple work areas, walk in coolers , walk in Freezers and is fully equipped. This location offers Gaming in a large separate bar with additional seating. Full service restaurant, bar, and party room on ground level. Huge 3 bedroom apartment on 2nd level already rented out. Basement has another party room, dance floor, bar, 4 walk in coolers, storage, and bathrooms. Gaming Income is near $100,000 annually .Exceptional Opportunity to acquire a fully built out Restaurant/ Bar/ Private event space on 2 levels with dance floor and bar that can accommodate multiple private events. High Visibility with strong traffic counts on a major coveted location with many long term successful restaurants. Business is not included in sale. Please do not disturb employees.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,761 SF
Building Class
C
Year Built/Renovated
1966/2012
Price
$2,295,000
Price Per SF
$213.27
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.15
Lot Size
1.64 AC
Zoning
B-3
Parking
50 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
83’ on South Milwaukee Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $33,985 | |
| Land Assessment | $41,573 | Total Assessment | $75,558 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$41,573
Improvements Assessment
$33,985
Total Assessment
$75,558
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241 S Milwaukee Ave
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