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241 S Milwaukee Avenue, Wheeling, IL 60090
$2,895,000
241 S Milwaukee Avenue, Wheeling, IL 60090View this property at 241 S Milwaukee Avenue, Wheeling, IL 60090
241 S Milwaukee AvenueWheelingIL60090
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Property Description
Excellent restaurant opportunity on the busy Milwaukee Ave in Wheeling IL. Turnkey restaurant with Gaming. Full-service restaurant, bar, and party room on ground level. Huge 3-bedroom apartment on 2nd level already rented out. Basement has another party room, dance floor, bar, 4 walk ins, storage, and bathrooms. Gaming Income is near$100,000 annually.
Full Property Details
Full Property Details for 241 S Milwaukee Ave
General
- Price: $2,895,000
- Taxes: $24,149 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11962151
- Updated: 4/28/2024
- Added to Site: 97 day(s) ago
Interior
- Interior Features: Accessible Entrance
Additional Information
- Security/Safety: Alarm Monitored, Alarm on Site, Fire Extinguisher(s), Sprinklers
Parking
- Parking Features: Over 100 Spaces
Location
- Area: Wheeling
- County: Cook
- Township: Wheeling
- Driving Directions: Glenview rd to N Milwaukee ave
- Location Details: Central Business District, Freestanding/Urban
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual
- Heating Type: Central Heat/Individual Controls, Forced Air
Structural Information
- Construction: Brick
- # Loading Docks: 1
- Stories/Levels: 2
- Square Feet: 12,000
- Year Built: 1962
Lot Features
- Lot Size (Sq. Ft.): 71,218
- Lot Dimensions: 122.47 x 98.81 x 499.43 x 422.17 x 225.33 x 61.04
- Frontage: Public Road
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Sprinklers
- Assessment Year: 1962
- Tax Amount: $24,149
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Taxes, Insurance, Repairs, Scavenger, Tax Stops
Disclosures and Reports
- Property ID: 3121010520000
Listed by Berkshire Hathaway HomeServices Chicago
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Schools
Schools serving 241 S Milwaukee Ave
School Districts:Wheeling Community Consolidated School District 21, Township High School District 214
Rating | Name | Grades | Distance |
---|---|---|---|
133 Wille Ave, Wheeling, IL 60090 | PK-5 | 0.2 mi | |
221 S Wolf Rd, Wheeling, IL 60090 | 6-8 | 0.5 mi | |
900 S Elmhurst Rd, Wheeling, IL 60090 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 241 S Milwaukee Ave
Date
Details
Price
Change
Source
4/22/2024
Price Reduced
$2,895,000
-0.99%
MLS
3/11/2024
Price Reduced
$2,924,000
-0.85%
MLS
1/23/2024
Listed
$2,949,000
—
MLS
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 241 S Milwaukee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$19,182
106%
$60,015
139%
2021
$9,311
3%
$25,130
—
2020
$9,068
-5%
$25,130
-14%
2019
$9,575
-85%
$29,222
-83%
2018
$63,571
282%
$174,197
-4%
2017
$16,629
-66%
$180,977
23%
2016
$49,117
-9%
$147,217
-3%
2015
$53,970
-16%
$151,463
-18%
2014
$64,306
8%
$185,008
—
2013
$59,372
125%
$185,008
110%
2012
$26,367
—
$88,293
—
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 241 S Milwaukee Ave
241 S Milwaukee Avenue, Wheeling, IL 60090 (MLS# 11962151) is a Commercial property. 241 S Milwaukee Avenue is currently listed for $2,895,000 and was received on January 23, 2024. Want to learn more about 241 S Milwaukee Avenue? 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.