Amazing Visibility, 30,000+ daily street traffic,… — Sale in Wheeling, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Wheeling, IL 60090
Photos
Description
Great for offices, retail stores, medical and more. Room to park 20 cars. General Commercial and Office District (Zoned B-3) with mixed residential live-in allowed. 100 foot frontage LOT on N Milwaukee Ave with over 30,000 daily traffic count. This 13000 sq ft lot is in a choice location with amazing visibility right on N MILWAUKEE AVE in an excellent business corridor.
Market Context
This retail in Wheeling, IL is listed for sale. Compare it against other retail listings for sale in Wheeling, IL — view the full market.
As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- What is the typical cap rate for retail in Chicago?
- About 7.9% as of Q4 2025, per multiple brokerage reports.
- Is the Chicago retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).
Estimated Price per SF
$56.15/SF – $408.36/SF
Mid: $170.15/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Jason Bitton · jasonbitton@remax.net
Explore this market
Similar Retail Business for Sale in Wheeling, IL
- Starbucks Anchored Retail Center — Contact for price · Wheeling, IL
- SEC OF DUNDEE & WHEELING ROAD — Contact for price · Wheeling, IL