Wolf Point Shopping Center 1902-1960 S Wolf Rd 33,050 SF 100% Leased Retail Building Wheeling, IL 60090 For Sale

Baum Realty Group, LLC has been exclusively retained to market for sale the Wolf Point Shopping Center located at 1902-1960 S. Wolf Road in Wheeling, Illinois. The Wolf Point Shopping Center consists of one (1) single-story retail building totaling 33,050 SF of rentable building area sitting on ±184,146 SF (4.23 acres) of land. The center is 100% leased to a diverse mix of local, service-oriented tenants such as the La Rosita Grocery Store, Arnett Animal Hospital, and the Chinese Munch In (Chinese restaurant), among others.
The offering gives investors the opportunity to capture significant upside through strategic capital improvements, active leasing, and increasing the below market rental rates. The Property also presents a rare chance to control a sizable and well-located parcel at an attractive land basis, providing investors with flexibility and optionality to pursue multiple business plans, including traditional lease-up, partial redevelopment, or repurposing of the existing building(s) to an alternative use such as small bay industrial. Given its location in a strong industrial pocket near Chicago Executive Airport (PWK), a full scale redevelopment of the property to an industrial use is also a viable option in the future.
Located at the northwest corner of E. Camp McDonald Road & S. Wolf Road, the Property offers high visibility and strong street traffic with this intersection seeing over 15,650 vehicles per day (VPD). The Property is situated across the street from the Prospect Heights Metra Station.
An online auction event will be conducted on RealINSIGHT Marketplace (“RI Marketplace”) in accordance with the Sale Event Terms and Conditions. Subject to Offer. Contact Broker for more information.
Auction Start Date: June 8, 2026
Auction End Date: June 10, 2026
The ±27,123 SF Ascot Shopping Center, located directly across the intersection, is also up for auction on RI Marketplace in the June 8th Event. Contact Broker for more information.