• 269 S Milwaukee Ave, Wheeling, IL 60090

For Sale

Retail

For Sale

This property is available for sale
4,322
SF
$650,000
Sale Price
  • Overview

    Minimum Bid: $650,000

    Buyer’s Premium: 6%

    Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)

    2019 Taxes: $60,784.30

    PIN #: 03-12-105-024-0000

    Lot Size: Approx. .58 acres

    Building Size: Approx. 4,322 sf

    Zoning: B-3

    New to the market! Approximately .58 AC (Approx. 25,398 SF) of buildable land with an approx. 4,322 SF vacant building (the former Le Francais restaurant) that has a very large kitchen and includes all furniture, fixtures and equipment. This property has a paved parking lot with 45 spaces. Located on desirable, high-traffic Milwaukee Avenue along “Restaurant Alley” just South of Dundee Road , it has easy access from both South and North directions and boasts 26,000+ Cars Per Day.

    Adjacent to this property, there is an additional parcel (approx. 1.15 AC) of vacant land (located at 283 S. Milwaukee Avenue) that is also available for pre-auction purchase. This adjacent lot allows for a potential total land purchase of approximately 1.73 acres. Both land parcels have clean Phase I Environmental reports.

    There are numerous potential re-development opportunities for this property such as retail stores, free-standing restaurant, fast food, coffee shops etc.

    Pre-Auction Bids Highly Encouraged!

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Property Details

Former Le Francais Restaurant in Wheeling, IL

Minimum Bid: $650,000

Buyer’s Premium: 6%

Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)

2019 Taxes: $60,784.30

PIN #: 03-12-105-024-0000

Lot Size: Approx. .58 acres

Building Size: Approx. 4,322 sf

Zoning: B-3

New to the market! Approximately .58 AC (Approx. 25,398 SF) of buildable land with an approx. 4,322 SF vacant building (the former Le Francais restaurant) that has a very large kitchen and includes all furniture, fixtures and equipment. This property has a paved parking lot with 45 spaces. Located on desirable, high-traffic Milwaukee Avenue along “Restaurant Alley” just South of Dundee Road , it has easy access from both South and North directions and boasts 26,000+ Cars Per Day.

Adjacent to this property, there is an additional parcel (approx. 1.15 AC) of vacant land (located at 283 S. Milwaukee Avenue) that is also available for pre-auction purchase. This adjacent lot allows for a potential total land purchase of approximately 1.73 acres. Both land parcels have clean Phase I Environmental reports.

There are numerous potential re-development opportunities for this property such as retail stores, free-standing restaurant, fast food, coffee shops etc.

Pre-Auction Bids Highly Encouraged!

  • Property Type
    Retail
  • Submarket
  • Sale Price
    $650,000
  • Total Building Size
    4,322RSF
  • Zoning
    B-3
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Last updated
    Feb 22, 2021
  • Property ID
    2184921

Landlord's Sales Representative

  • Diana M. Peterson
    AW Properties Global