550 S Milwaukee Ave
Wheeling, IL 60090
Former Restaurant · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Restaurant Use: The Property currently contains a restaurant setting with 7,200 SF of space.
- Strong Traffic Counts: The site is well located on Milwaukee Avenue with over 25,6000 vehicles passing the site per day.
- Potential Uses: 2.25 Acre site next to the Property that can be combined and redeveloped together.
- Redevelopment Opportunity: A 2.51 Acre site which can be redeveloped to suit a future investor as needed.
- Desirable Demographic Base: he five mile population is 248,750, with an average household income of $166,200
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
B
Year Built
1990
Price
$1,950,000
Price Per SF
$271
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.51 AC
Zoning
B-3
Parking
111 Spaces (15.42 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 03-12-116-028-0000 | Improvements Assessment | $194,360 |
| Land Assessment | $293,507 | Total Assessment | $487,867 |
