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47 W Dundee Rd 8,800 SF Office Building Wheeling, IL 60090 $799,000 ($90.80/SF)
Investment Highlights
- Prime Dundee Road frontage with excellent daily traffic exposure and visibility
- Surrounded by strong demographics, retail amenities, and ongoing redevelopment activity
- Strategic location with quick access to I-294, Route 53, Milwaukee Avenue, and Metra
Executive Summary
Positioned along heavily traveled Dundee Road, this property offers exceptional visibility within one of the North Shore’s established commercial corridors. The location provides convenient access to I-294, Route 53, and Milwaukee Avenue, allowing for easy regional connectivity throughout the greater Chicagoland area. Situated less than one mile from the Metra Wheeling station, the property is easily accessible for both employees and visitors.
Surrounded by a dense residential population, the area supports a strong mix of local and regional businesses, including retail, medical, and professional office users. Nearby Wheeling Town Center offers an array of dining, shopping, and entertainment amenities, further enhancing the appeal of the location. Ongoing redevelopment activity throughout the corridor continues to drive investment and long-term growth in the surrounding market.
Surrounded by a dense residential population, the area supports a strong mix of local and regional businesses, including retail, medical, and professional office users. Nearby Wheeling Town Center offers an array of dining, shopping, and entertainment amenities, further enhancing the appeal of the location. Ongoing redevelopment activity throughout the corridor continues to drive investment and long-term growth in the surrounding market.
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$60,991
|
$6.93
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$60,991
|
$6.93
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $60,991 |
| Annual Per SF | $6.93 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $60,991 |
| Annual Per SF | $6.93 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
8,800 SF
Building Class
B
Year Built
1976
Price
$799,000
Price Per SF
$90.80
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,400 SF
Building FAR
0.30
Lot Size
0.67 AC
Zoning
B-3
Parking
22 Spaces (4.93 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 2,650 SF
- Medical
- Full Build-Out
- Now
- 2nd Floor
- 1,750 SF
- Office
- Full Build-Out
- Now
- 2nd Floor
- 675 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 2,650 SF | Medical | Full Build-Out | Now |
| 2nd Floor | 1,750 SF | Office | Full Build-Out | Now |
| 2nd Floor | 675 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 2,650 SF |
| Space Use |
| Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,750 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 675 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03-02-416-006-0000 | Total Assessment | $210,500 (2025) |
| Land Assessment | $117,619 (2025) | Annual Taxes | $60,991 ($6.93/SF) |
| Improvements Assessment | $92,881 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
03-02-416-006-0000
Land Assessment
$117,619 (2025)
Improvements Assessment
$92,881 (2025)
Total Assessment
$210,500 (2025)
Annual Taxes
$60,991 ($6.93/SF)
Tax Year
2026
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47 W Dundee Rd
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