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318 N Milwaukee Ave
Wheeling, IL 60090
Retail Property For Sale

Investment Highlights

  • Fenced outdoor storage yard offers operational convenience and secure equipment staging.
  • Within Wheeling’s approved cannabis dispensary boundary, adding development flexibility (with approvals).
  • Located on Milwaukee Avenue with traffic counts around 28,500 VPD, providing maximum visibility.
  • Positioned in a dynamic retail trade area near national retailers, offering strong co-tenancy appeal.

Executive Summary

This 5,412-square-foot property presents a unique opportunity for owner-users or investors in a prime Wheeling location along Milwaukee Avenue, a major retail corridor with approximately 28,500 vehicles per day. The building includes 3,000 square feet of showroom or office space and 2,400 square feet of warehouse area with a 22-foot ceiling height, supporting a diverse range of uses from retail to service businesses. Situated on nearly half an acre, the site provides a fenced outdoor storage yard, offering additional operational versatility for tenants or owners requiring equipment storage or exterior display areas. The property is within the approved cannabis dispensary boundary for Wheeling (subject to special use approval), which expands its potential for regulated retail applications. This location is positioned adjacently to popular national brands, benefiting from strong traffic counts and visibility, ensuring consistent exposure. Additional features include ample onsite parking and excellent connectivity to surrounding communities and major regional transportation routes.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
5,412 SF
Building Class
C
Year Built
1988
Price
$1,547,700 CAD
Price Per SF
$285.98 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.47 AC
Zoning
B-3 - General Commercial

Property Taxes

Property Taxes

Parcel Number
03-02-404-030-0000
Land Assessment
$109,744 CAD
Improvements Assessment
$74,175 CAD
Total Assessment
$183,919 CAD
  • Listing ID: 41175819

  • Date on Market: 2026-07-06

  • Last Updated:

  • Address: 318 N Milwaukee Ave, Wheeling, IL 60090

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