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$775,000 Just Listed
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Property Description
Freestanding redevelopment opportunity at the northern gateway to Wheeling's established Restaurant Row on Milwaukee Avenue! This 8,014 +/- SF former restaurant building sits on 1.44 acres with prominent Milwaukee Ave frontage, near neighbors including The Westin, Cooper's Hawk, Saranello's, and Boston Fish Market. Existing restaurant infrastructure (kitchen, hood, coolers, fire suppression) remains on site - condition unverified, offered strictly as-is. Ideal for restaurant, entertainment, or another commercial concept, subject to Village of Wheeling approval. The Village has shown strong support for restaurant/entertainment redevelopment on this corridor, with potential build-out assistance available to a qualifying buyer, subject to Village approval and program requirements. Pylon and building signage potential. Note: the adjoining southern parking parcel is not included in this sale, and no restaurant equipment, trade fixtures, furniture, or operating business is included - sold strictly as-is. Buyer to independently verify all information, square footage, zoning, and Village approvals.
Full Property Details
Full Property Details for 604 N Milwaukee Ave
General
- Price: $775,000
- Taxes: $47,708 (2024)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12761280
- Updated: 9/17/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Restaurant
- Years in Business: 11 or More
Location
- Area: Wheeling
- County: Cook
- Driving Directions: From Dundee Rd (Rte 68) & Milwaukee Ave, head north on Milwaukee Ave (US-45) approx. 0.8 mile. Property is on the left (west side).
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 1
- Square Feet: 8,014
Lot Features
- Lot Size (Sq. Ft.): 62,726
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 1.440 AC
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $47,708
- Tax Year: 2024
Disclosures and Reports
- Property ID: 3022000800000
Listed by American Star Realty
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Schools
Schools serving 604 N Milwaukee Ave
School Districts:Wheeling Community Consolidated School District 21, Township High School District 214
| Name | Grades | Distance |
|---|---|---|
Eugene Field Elementary School, Wheeling, IL 51 Saint Armand Lane, Wheeling, IL 60090 | PK-5 | 1.7 mi |
Jack London Middle School 1001 West Dundee Road, Wheeling, IL 60090 | 6-8 | 1.7 mi |
Wheeling High School 900 South Elmhurst Road, Wheeling, IL 60090 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 604 N Milwaukee Ave
Date
Details
Price
Change
Source
9/17/2026
Listed
$775,000
40.91%
MLS
12/02/2024
Sold
$550,000
—
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 604 N Milwaukee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$134,260
—
$191,250
-52%
2023
$134,260
5%
$400,607
—
2022
$128,042
-11%
$400,607
4%
2021
$143,384
3%
$386,999
—
2020
$139,652
-3%
$386,999
-12%
2019
$143,653
46%
$438,406
63%
2018
$98,334
2%
$269,454
—
2017
$96,332
7%
$269,454
—
2016
$89,900
1%
$269,454
7%
2015
$89,376
3%
$250,826
—
2014
$87,183
-45%
$250,826
-49%
2013
$159,053
7%
$495,622
—
2012
$148,007
—
$495,622
—
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 604 N Milwaukee Ave
604 N Milwaukee Avenue, Wheeling, IL 60090 (MLS# 12761280) is a Business property. 604 N Milwaukee Avenue is currently listed for $775,000 and was received on September 17, 2026. Want to learn more about 604 N Milwaukee Avenue? Do you have questions about finding other Business real estate for sale in Wheeling? You can browse all Wheeling real estate or contact a Coldwell Banker agent to request more information.

