Wheeling, IL 60090 1040 S MILWAUKEE Avenue

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Presented By: Core Realty & Investments, Inc
  • MLS# 12190640
  • 10/16/2024
  • Request Tour
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  • SQFT • 26,000

Home Details

Armchair investment opportunity! Prime office/retail 2 -story building for sale on busy Milwaukee rd.21! Build in 1967, good condition! Perfect regional location, only 5 minutes off Willow rd. and I-294.next to Chicago Executive Palwaukee airport! 23 Private suites with variety of sizes and configuration from 300 SQ FT to 2700 SQ FT.! 60 parking spots generated extra income! High occupancy rate, only 3 units currently vacant! ALL units have private entrances, reception area 2-3 offices, closets. Some has storage, washroom, kitchen and conference room. Ideal for variety business: medical/dental, attorney, CPA, Real Estate, contractors. Building has elevator, bathrooms on each floor, central air and plenty of parking spaces. Great road exposure!!! Ready for new owner!
Presented By: Core Realty & Investments, Inc

Interior Features for 1040 S MILWAUKEE Avenue

Other Interior Features

FlooringCarpet, Tile, Wood

General for 1040 S MILWAUKEE Avenue

Additional Parcels Y/NYes
Cap Rate5.4
CityWheeling
Construction MaterialsBrick, Concrete
CoolingCentral Air
CountyCook
Current UseCommercial
Directions1040 S.Milwaukee ave. located North of Willow rd. and South of Hints
ElectricSeparate Meters, Other
Gross Income20275
Leasable Area2600
Lease TypeNet
Lot Size Square Feet40300
MLS AreaWheeling
ModificationTimestamp2025-05-10T05:06:01.865Z
Net Operating Income105638
Number Of Units Total23
Operating Expense137662
PossessionNegotiable
Possible UseCommercial, Office, Retail
Property SubtypeOther
Property TypeCommercial Sale
Property TypeOffice/Tech
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount98549
Tax Year2022
Tenant PaysAir Conditioning, Electricity, Heat, Insurance
TownshipWheeling
UtilitiesElectricity Available, Natural Gas Available, Water Available
Year Built1967
ZoningINDUS

Exterior for 1040 S MILWAUKEE Avenue

Building Area Total26000
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street, Frontage Road, State Road
Lot Dimensions201X200

Additional Details

Price History

Client Care

Price $1,895,000
MLS#12190640
List Date 10/16/2024
Property Type Commercial
Phone 847.485.2500
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