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$240,000 Just Listed
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Property Description
Outstanding opportunity to acquire a well-maintained 1,600 SF industrial condominium in the established South Wheeling Road industrial corridor. This versatile unit offers a functional blend of warehouse and finished office space, ideal for light industrial users, contractors, service businesses, showroom operations, or creative workspace. The warehouse area features a private drive-in overhead door, providing direct and convenient access for vehicles and equipment. In addition, the property benefits from access to a common loading dock, offering added flexibility for shipping and receiving operations. The interior includes finished office build-out, strong electrical capacity, updated mechanical systems, and efficient climate control. Lofted storage provides additional usable square footage, maximizing operational efficiency. Located with easy access to Milwaukee Avenue, Dundee Road, and major expressways, this property offers strong regional connectivity for logistics, employees, and clientele. Professionally managed industrial condo association maintains exterior and common elements. Ideal for owner-occupants seeking a flexible industrial footprint or investors looking for a well-located suburban industrial asset.
Full Property Details
Full Property Details for 123 Wheeling Rd
General
- Price: $240,000
- Taxes: $10,957 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12583288
- Updated: 3/4/2026
- Added to Site: 2 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Sprinklers, Carbon Monoxide Detector(s)
Location
- Area: Wheeling
- County: Cook
- Township: Wheeling
- Driving Directions: South of Dundee on Wheeling Road to first traffic light; East on Town Road 1/4 block.
- Location Details: Northwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Drive-In Doors: 1
- # Loading Docks: 1
- Stories/Levels: 1
- Square Feet: 1,600
- Year Built: 1980
Lot Features
- Lot Size (Sq. Ft.): 101,596
- Lot Dimensions: CONDO
- Zoning: INDUS
Financial Considerations
- Lease Price: $17
- For Sale/Rent/Lease: For Sale or Rent
- Operating Expenses: $26,173
- Security Deposit: Fire Extinguisher/s, Sprinklers, Carbon Monoxide Detector(s)
- Assessment Year: 1980
- Tax Amount: $10,957
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat, Scavenger
Disclosures and Reports
- Property ID: 3102010711007
Listed by Paramount Point Properties
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Schools
Schools serving 123 Wheeling Rd
School Districts:Wheeling Community Consolidated School District 21, Township High School District 214
| Name | Grades | Distance |
|---|---|---|
Mark Twain Elementary School, Wheeling, IL 515 East Merle Lane, Wheeling, IL 60090 | PK-5 | 0.5 mi |
Oliver W Holmes Middle School 221 South Wolf Road, Wheeling, IL 60090 | 6-8 | 0.8 mi |
Wheeling High School 900 South Elmhurst Road, Wheeling, IL 60090 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 Wheeling Rd
Date
Details
Price
Change
Source
3/04/2026
Listed
$240,000
31.51%
MLS
11/21/2022
Sold
$182,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 123 Wheeling Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,583
5%
$31,578
—
2022
$10,093
41%
$31,578
63%
2021
$7,163
3%
$19,334
—
2020
$6,977
10%
$19,334
—
2019
$6,335
-10%
$19,334
—
2018
$7,056
2%
$19,334
—
2017
$6,912
7%
$19,334
—
2016
$6,451
-3%
$19,334
3%
2015
$6,670
3%
$18,719
—
2014
$6,506
8%
$18,719
—
2013
$6,007
-24%
$18,719
-30%
2012
$7,937
—
$26,578
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 123 Wheeling Rd
123 Wheeling Road, Wheeling, IL 60090 (MLS# 12583288) is a Commercial property. 123 Wheeling Road is currently listed for $240,000 and was received on March 04, 2026. Want to learn more about 123 Wheeling Road? Do you have questions about finding other Commercial real estate for sale in Wheeling? You can browse all Wheeling real estate or contact a Coldwell Banker agent to request more information.

