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Active - Other for sale

Wheeling, IL

Facts & features

Other Property type
58 days on Beycome
62,726 sqft Lot size

Why you’ll love it

Freestanding redevelopment opportunity at the northern gateway to Wheeling's established Restaurant Row on Milwaukee Avenue! This 8,014 +/- SF former restaurant building sits on 1.44 acres with prominent Milwaukee Ave frontage, near neighbors including The Westin, Cooper's Hawk, Saranello's, and Boston Fish Market. Existing restaurant infrastructure (kitchen, hood, coolers, fire suppression) remains on site - condition unverified, offered strictly as-is. Ideal for restaurant, entertainment, or another commercial concept, subject to Village of Wheeling approval. The Village has shown strong support for restaurant/entertainment redevelopment on this corridor, with potential build-out assistance available to a qualifying buyer, subject to Village approval and program requirements. Pylon and building signage potential. Note: the adjoining southern parking parcel is not included in this sale, and no restaurant equipment, trade fixtures, furniture, or operating business is included - sold strictly as-is. Buyer to independently verify all information, square footage, zoning, and Village approvals.

Translating description...

Listings courtesy of American Star Realty as distributed by MLS GRID.

Listed by: Anjali Mohanty • American Star Realty

Co-listed by: Pradeep Shukla • American Star Realty

Source: MRED as distributed by MLS GRID, MLS#: 12761280 MRED as distributed by MLS GRID logo

Based on info available as of Nov 13, 2026 at 7:32 PM EST.

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Affordability

$505,000$1,045,000
1%20%
0%90%
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Estimated monthly payment

$7,894/mo

  • Mortgage$3,919
  • Property tax$3,976
  • HOA fee
  • Homeowners insurance
Due at closing$616,125
Down payment held in escrow$155,000
Closing costs$11,625
beycome credit Est.$15,500

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About Wheeling

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This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.

Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved. Based on information submitted to the MLS GRID as of Nov 13, 2026 at 07:32pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

$775,000 Listed price

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