1,648 SF Mixed-Use Building + Paved Side Lot 231 N Milwaukee Ave 1,648 SF Retail Building Wheeling, IL 60090 $480,000 ($291.26/SF)

231 N Milwaukee Ave is a 1,648 SF two-story freestanding mixed-use building offered vacant at
$480,000 with its adjoining paved side lot: two parcels totaling 12,596 SF (0.29 acre) with 100 feet
of frontage on Milwaukee Avenue (US 45 / IL 21), where IDOT counted 24,300 vehicles per day in 2025.
Cook County carries the building as Class 2-12 mixed-use commercial/residential: a storefront first
floor with finished living space above. Immediate occupancy.
The first floor is set up as a storefront: two front rooms with large street-facing display windows
fitted with merchandise grids, track lighting, an entry vestibule with exit signage and alarm keypad, a
middle room with wood-look plank flooring, a kitchen area with sink, and a half bath. The second floor
is finished as living quarters with an open main room, a second room facing Milwaukee Avenue, a full
bath with tub and shower, a utility room with built-in shelving, and a door to the balcony over the
entry, which has its own exterior stair down to the parking lot. Central air conditioning, boiler heat,
partial basement, and a detached garage at the rear of the paved lot. A Pace bus stop (Routes 272
Milwaukee Avenue and 234) is at the property.
Zoning is B-3 General Commercial and Office District, Village of Wheeling, where general retail (up to
20,000 SF), restaurant, personal service, medical office (including dental and chiropractic), general
office, business service, artist studio, broadcasting or recording studio, dry-cleaning drop-off,
furniture and appliance rental, household maintenance and repair service, laundromat, secondhand store,
and small recreation and instruction facilities are permitted by right. Bank, health clinic and urgent
care, health club, day care, animal hospital, catering, tavern, and drive-through are among 59 special
uses. Buyer to verify all uses, including residential occupancy of the second floor, with the Village
of Wheeling.
Directly across Milwaukee Avenue is Wheeling Tower, an eight-story, 100-apartment senior residence next
to the Wheeling Senior Center. Benihana, Scooter's Coffee, the Russian School of Mathematics, Walgreens,
Fresh Farms International Market, Chase, and the McDonald's, Panda Express, Popeyes, KFC, Taco Bell,
Dunkin' and Jimmy John's cluster at Dundee Road are all within a quarter mile; Bob Chinn's Crab House and
Wheeling's Restaurant Row are under a mile south. Wheeling Town Center (301 apartments, 100,000 SF of
retail and entertainment) is one mile west, the Wheeling Metra station 1.8 miles, Chicago Executive
Airport 2.3 miles, I-294 at Lake Cook Road 3.9 miles, and downtown Chicago about 24 miles. Wheeling has
38,433 residents in 15,171 households with a median household income of $85,205 (U.S. Census Bureau,
ACS 2020-2024) and 23,063 jobs inside the village (LEHD LODES 2023).
At $480,000 the price is $291 per square foot of building and $38 per square foot of land. For an
owner-user the alternative at this size is usually an inline bay with no identity or a freestanding
building at several times the price; this delivers a freestanding US 45 storefront with signage, a
residence upstairs with its own entrance, a paved parking lot and a garage on a 0.29-acre site in one
purchase. The property is not in a FEMA Special Flood Hazard Area (Cook County parcel data, 2024).
Square footage, lot size and all other figures are drawn from public record or seller-provided and
must be independently verified by buyer in due diligence, including real estate taxes and the 2025
Cook County reassessment.
Video: https://youtu.be/-z79Qmun54E
Jason Bitton, JasonCRE
(847) 858-2909
Jason@JasonCRE.com
Licensed Real Estate Broker, Illinois - 475170841