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Investment Highlights

  • Two freestanding buildings offered as a single investment portfolio.
  • Convenient access to I-294, I-94, Metra service, and O'Hare Airport.
  • Flexible office and mixed-use layout accommodates various occupier types.
  • Prominent Milwaukee Avenue frontage provides strong business visibility.
  • Multi-tenant configuration supports diversified income streams.
  • Established commercial corridor location surrounded by businesses and services.

Executive Summary

212-224 S. Milwaukee Avenue presents the opportunity to acquire a two-building office and mixed-use investment portfolio along Milwaukee Avenue in Wheeling, Illinois. The portfolio consists of approximately 12,206 square feet across two freestanding buildings situated on more than one-half acre with on-site parking and established tenancy. The property offers a blend of office, retail-oriented office suites, flexible workspace configurations, and a residential component, creating multiple income streams within a single acquisition.
Positioned along one of Wheeling's primary commercial corridors, the asset benefits from direct exposure to Milwaukee Avenue and convenient access to the Tri-State Tollway (I-294/I-94). The property is located near the Wheeling Metra North Central Service station and within reasonable proximity to O'Hare International Airport, enhancing accessibility for tenants, clients, and business users. The surrounding area includes a mix of commercial services, professional offices, retail businesses, and established residential neighborhoods that support ongoing demand for small-business and professional office occupancy.
The portfolio's suite configuration accommodates a diverse tenant base while providing future flexibility for owner-users, investors, or operators seeking a combination of income-producing space and repositioning potential. The presence of multiple suites across both buildings helps diversify occupancy risk, while the freestanding nature of the improvements offers visibility and identity that many multi-tenant office properties cannot provide. For investors seeking a well-located suburban Chicago asset with established occupancy, strong corridor visibility, and a flexible mix of uses, 212-224 S. Milwaukee Avenue represents a compelling acquisition opportunity.

Property Facts

Price $3,736,765 CAD
Price / SF $306.14 CAD / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 12,206 SF
Total Land Area 0.54 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
212 S Milwaukee Ave, Wheeling, IL 60090 Office 6,272 SF 1977 -
224 S Milwaukee Ave, Wheeling, IL 60090 Office 5,934 SF 2010 -
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  • Listing ID: 39053879

  • Date on Market: 2026-01-12

  • Last Updated:

  • Address: 212-224 S Milwaukee Ave Office Portfolio, Wheeling, IL

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