Search Wheeling Homes for Sale

Homes for Sale in Wheeling: A Vibrant Suburban Community with Endless Amenities

Wheeling is a thriving suburban community located about 25 miles northwest of downtown Chicago. Known for its welcoming atmosphere, diverse housing options, and numerous parks, Wheeling is an ideal place to live for families, professionals, and retirees. With access to excellent schools, convenient transportation options, and a growing restaurant and entertainment scene, Wheeling is one of the most desirable areas in the northwest suburbs.

Why Buy in Wheeling?

Wheeling offers the perfect balance between suburban living and access to urban amenities. The community is home to the popular Chicago Executive Airport and is known for its acclaimed restaurant row along Milwaukee Avenue. With access to the Metra North Central Service Line and close proximity to major highways, Wheeling is perfect for commuters who want the comfort of suburban living with the convenience of being close to downtown Chicago.

Wheeling is also known for its strong parks and recreation department, which manages over 300 acres of parkland, playgrounds, sports fields, and trails. Residents enjoy numerous events and activities throughout the year, from farmers markets to concerts in the park.

Types of Homes for Sale in Wheeling

    • Single-Family Homes: Wheeling offers a wide variety of single-family homes, ranging from classic mid-century ranch homes to new construction. The homes are situated on quiet tree-lined streets and often feature large backyards, making them perfect for families.
      • Ranch Homes: Ranch homes are ideal for buyers looking for single-level living, offering open floor plans, large yards, and easy access to local amenities.
    • Condos & Townhomes: For buyers seeking a low-maintenance lifestyle, Wheeling has a great selection of condos and townhomes. These communities offer modern amenities and are conveniently located near parks, shopping, and restaurants.
    • Astor Place: This modern townhouse community offers spacious layouts and modern finishes, with close proximity to parks and recreational facilities.
    • Lexington Commons: This well-maintained community offers a range of amenities, including pools, tennis courts, and easy access to shopping and dining.
    • Millbrook Pointe: A luxury townhouse community featuring contemporary designs, attached garages, and private outdoor spaces, Millbrook Pointe is perfect for buyers seeking an upscale living experience.
    • Plum Creek: This charming condo community is known for its peaceful atmosphere and access to amenities such as a pool, clubhouse, and tennis courts.
    • Sienna: Offering modern townhomes with open floor plans and convenient access to major highways, Sienna is a top choice for professionals and commuters.
    • Tahoe Village: This established community offers both condos and townhomes with amenities like a swimming pool, tennis courts, and beautiful landscaping.
    • Whippletree Village: Known for its spacious townhomes and peaceful surroundings, Whippletree Village offers a suburban oasis with easy access to Wheeling's many amenities.
  • New Construction Homes: Wheeling has several new construction developments that give buyers the chance to customize their homes with the latest designs and amenities. These homes are often energy-efficient and located near local attractions.
  • 2-4 Unit Multi-Family Properties: Wheeling also has a number of multi-family homes, ideal for investors or those seeking rental income. These properties offer spacious units with modern amenities, perfect for owner-occupants or as investment properties.

Living in Wheeling: Community, Recreation, and Convenience

Wheeling is home to a variety of parks, walking trails, and recreational facilities, managed by the Wheeling Park District. Heritage Park is one of the community's gems, offering scenic walking paths, sports fields, and a fishing lake. Residents enjoy an active lifestyle with year-round events, fitness centers, and community gatherings.

Wheeling's restaurant row, located along Milwaukee Avenue, is a culinary hotspot, offering everything from fine dining to casual eateries. The community is also home to the Westin Chicago North Shore, a premier hotel and conference center that hosts events and offers excellent dining options.

With its highly rated schools and proximity to several major highways and public transportation options, Wheeling is a great place for families and professionals alike.

Explore Nearby Communities

  • Buffalo Grove: Just north of Wheeling, Buffalo Grove offers a wide range of housing options, excellent schools, and a thriving community atmosphere.
  • Arlington Heights: Located to the west of Wheeling, Arlington Heights is known for its vibrant downtown area, excellent schools, and wide range of cultural attractions.
  • Prospect Heights: South of Wheeling, Prospect Heights offers a peaceful suburban environment with access to parks, schools, and recreational facilities.
  • Northbrook: Situated east of Wheeling, Northbrook is a bustling suburban community with upscale shopping, dining, and housing options, as well as excellent schools and parks.

Start Your Home Search in Wheeling Today

Whether you're looking for a spacious single-family home, a low-maintenance condo, or a luxurious townhome, Wheeling offers a wide variety of real estate options to suit every buyer's needs. With its vibrant community, excellent amenities, and convenient location, Wheeling is an ideal place to call home for families, professionals, and retirees alike.

Start exploring homes for sale in Wheeling today and discover why this dynamic suburban community is one of the most desirable places to live in the northwest suburbs of Chicago.

Latest Wheeling Homes for Sale

290 E Norman Lane, Wheeling
$595,000
4 Beds ⋅ 3 Baths ⋅ 12793197 MLS ⋅ NEW Status
Welcome to this stunning NEW CONSTRUCTION home in the heart of Wheeling! Thoughtfully built with today's building codes, modern construction standards, and quality materials, this beautiful two-story residence offers the comfort, efficiency, and peace of mind of a brand-new home. Set on a generous 65' x 105' lot, this home features 4 bedrooms, 3 full bathrooms, a 2-car garage, front and rear porches, and a fully fenced backyard. The home was constructed with upgraded insulation, including 7-inch spray foam insulation, helping provide excellent energy efficiency, year-round comfort, and improved sound insulation. The open-concept main level welcomes you with a bright and spacious living room featuring an electric fireplace and a stunning designer kitchen with white shaker cabinetry, black hardware, quartz countertops, a large center island with seating, and a full suite of stainless-steel appliances, including a gas cooktop, built-in microwave, and French-door refrigerator. A first-floor bedroom and full bathroom with a soaking tub offer an ideal setup for guests, related living, or a private home office. A convenient laundry room and coat closet complete the main level. Upstairs, the impressive primary suite features a spacious walk-in closet and a spa-inspired bathroom finished with full-height porcelain tile, a rainfall shower, dual vanities, and quartz countertops. Two additional generously sized bedrooms share a beautifully finished full bathroom. Throughout the home, you'll find hardwood flooring, recessed lighting, modern finishes, and quality craftsmanship. Every detail has been thoughtfully designed to provide the look and feel of a high-end new home while offering the benefits of modern construction. Step outside to enjoy the raised rear porch and fully fenced private backyard, perfect for relaxing, entertaining, and outdoor activities. Ideally located just minutes from Heritage Park, Wheeling Aquatic Center, Recreation Center, Des Plaines River Trail, top-rated schools, shopping, dining, and Metra access. A rare opportunity to own a truly NEW, move-in-ready home built to today's codes and standards, with modern energy-efficient construction and quality finishes throughout-all in one of Wheeling's most desirable locations!

290 E Norman Lane, Wheeling

1404 Nottingham Court Unit #C2, Wheeling
$299,900
2 Beds ⋅ 2 Baths ⋅ 12782582 MLS ⋅ NEW Status ⋅ Arlington Club BLDG.
MOVE-IN READY LARGEST 2-BEDROOM CEDARWOOD MODEL IN SOUGHT-AFTER ARLINGTON CLUB! Beautifully maintained, spacious and bright with an open floor plan and vaulted ceilings! Large eat-in kitchen features stainless steel appliances, new sink & faucet, ceramic tile flooring and walk-in pantry. Convenient laundry room off kitchen with full-size washer & dryer. Kitchen opens to the dining room and spacious living room featuring a beautiful black marble-tiled gas-start cozy fireplace. Both rooms boast vaulted ceilings and 2 sliding glass doors leading to a large NEW DECK to be installed for the new buyer, overlooking beautifully landscaped and manicured grounds! Generous primary bedroom features vaulted ceilings, 2 windows, 2 mirrored closet doors with huge walk in area & double hung shelving, dressing area and private bath with new fixtures, shower door, shower pan, refreshed tile and luxury vinyl flooring. HUGE 2ND BEDROOM with expanded bumped-out floor plan, 3 large windows providing an abundance of natural light, vaulted ceilings and 2 double 6 panel door closets! Second full bath features all new fixtures and luxury vinyl flooring with nice size linen closet in the hall. 6 panel doors thru-out, Foyer area has large coat closet. RECENT UPDATES INCLUDE: Plush new neutral carpeting (October 2026), roof (2022), attic insulation (2023), Freshly painted (OCTOBER 2026). Attached 1-car garage with additional storage. Enjoy the beauty of Arlington Club's private, scenic 18-ACRE NATURE PRESERVE with breathtaking walking paths, ponds and beautifully maintained grounds! Community amenities include 2 swimming pools, cabana pool house, two-level clubhouse overlooking the pond and plenty of guest parking. Enjoy easy living with a low HOA fee that includes water, scavenger service, common insurance, exterior maintenance, lawn care and snow removal! Conveniently located within walking distance to public transportation, shopping and restaurants. All Buffalo Grove schools with busing. BEAUTIFULLY MAINTAINED, SPACIOUS AND MOVE-IN READY! Enjoy maintenance-free living in one of the area's most desirable communities!

1404 Nottingham Court Unit #C2, Wheeling

549 Williamsburg Court Unit #B2, Wheeling
$339,900
2 Beds ⋅ 2 Baths ⋅ 12777650 MLS ⋅ ACTIVE Status
Wow! Beautiful complete, top-to-bottom renovation in 2024 with premium finishes and quality craftsmanship throughout. Additional upgrades in 2026 include brand new HVAC, new 100amp electric service panel and new cellulose insulation in the attic. Quiet bright second floor provides open living spaces and wide window wall of sliding glass doors opening to a large balcony and overlooking the lovely landscaped grounds. The custom designer kitchen is appointed with KitchenAid SS appliances, extra-thick quartz countertops, full height backsplash, and an expansive pennisula ideal for both everyday living and entertaining. Extra-tall cabinetry with fine hardware, and premium pull-out storage plus a walk-in custom pantry with a pocket door provides handy storage. High-quality flooring in the kitchen and laundry area is complemented by Berber carpeting throughout the main living spaces. Modern lighting, updated doors and trim, and custom-built fitted closets. The primary suite features a fully renovated bath with designer tile and marble finishes, premium Grohe fixtures, a shower niche; TOTO toilets. Baths include custom glass enclosures and quiet ceiling ventilation. A rare to find fully customized laundry room with built-in cabinetry, quartz countertop, and LG washer and dryer. Further highlights include an attached garage with new opener and a private balcony finished with durable, low-maintenance composite decking. Fireplace is decorative right now. This is a sunny and quiet second floor unit with lovely views of mature landscaping. Residents enjoy access to Lexington Commons amenities, including pool, a clubhouse, playground, tennis courts, and scenic walking paths. This is a true turnkey home offering elevated design, quality, and exceptional attention to detail throughout.

549 Williamsburg Court Unit #B2, Wheeling

375 Plum Creek Drive Unit #312, Wheeling
$275,000
3 Beds ⋅ 2 Baths ⋅ 12774922 MLS ⋅ ACTIVE Status
Beautifully updated, spacious, and move-in ready condo in one of Wheeling's most desirable communities - Plum Creek. This rarely available, oversized residence offers 3 bedrooms, 2 full bathrooms, and approximately 1,775 sq. ft. of living space, making it one of the largest floor plans in the complex. The home has been freshly painted and remodeled and features a bright, open layout, generous closet space, additional storage, and two private balconies - perfect for relaxing, entertaining, or enjoying the surrounding views. A major additional upgrade is the installation of brand-new soundproof windows throughout the unit, providing improved comfort, energy efficiency, and a noticeably quieter living environment. Plum Creek residents enjoy an impressive selection of amenities, including an outdoor swimming pool, clubhouse, exercise room, tennis courts, elevator building, additional storage, and an on-site manager/engineer. The community is conveniently located near shopping, restaurants, entertainment, major roadways, and expressways, offering an excellent combination of space, comfort, and accessibility. Special Financing Opportunity for Eligible Buyers: This property may qualify for a $10,000 grant toward the down payment, which may potentially be combined with up to a $5,000 closing-cost credit for eligible buyers - providing as much as $15,000 in potential purchase assistance, subject to program and buyer qualification requirements. Large 3-bedroom condos like this are rarely available in Plum Creek. Schedule your private showing today and take advantage of this opportunity before it's gone.

375 Plum Creek Drive Unit #312, Wheeling

163 W Manchester Drive, Wheeling
$514,900
4 Beds ⋅ 2 Baths ⋅ 12773112 MLS ⋅ ACTIVE Status
Completely rebuilt and remodeled from top to bottom, this exceptional two-story home is truly move-in ready with nothing to do but unpack and enjoy. Nestled in a quiet, highly desirable neighborhood between two beautiful parks, this home offers an unbeatable location just minutes from shopping, restaurants, major highways, public transportation, and the Metra. Featuring four spacious bedrooms, the home includes an oversized primary suite with a private balcony and ample space for a sitting area or home office. Two beautifully remodeled full bathrooms include a first-floor walk-in shower and a second-floor full bath with a separate double-vanity area, offering added comfort and convenience. Nearly every major component of the home has been updated, including the electrical, plumbing, roof, siding, dual-zone heating and air conditioning system, custom-designed kitchen, beautifully renovated bathrooms, new flooring throughout, porcelain tile, interior doors, trim, and much more. The stunning custom kitchen features elegant quartz countertops, custom cabinetry, and a full suite of brand-new stainless steel appliances. The home also includes a brand-new washer and dryer. Every detail has been thoughtfully completed with quality craftsmanship, making this a truly turnkey property. The oversized detached garage features extra-high overhead doors, making it ideal for contractors, hobbyists, oversized vehicles, or a work van. The fully fenced backyard offers plenty of space for entertaining, gardening, or simply relaxing outdoors. A rare opportunity to own a completely renovated home in an outstanding location where everything has already been done for you. Simply move in and enjoy.

163 W Manchester Drive, Wheeling

231 N Milwaukee Avenue, Wheeling
$480,000
12765358 MLS ⋅ ACTIVE Status
Freestanding storefront building with finished living quarters upstairs, a paved parking lot and a detached garage, on 0.29 acre with 100 feet of frontage on Milwaukee Avenue (US 45). Vacant, immediate occupancy. Please note: this is a mixed-use property, not a single-family house. Cook County classifies it as Class 2-12 mixed-use commercial/residential, and the Village of Wheeling zones it B-3 General Commercial and Office District. Buyer to verify residential occupancy of the second floor, and every intended use, with the Village of Wheeling. Main floor: the front door opens to a front room on the left and a larger room on the right, both with large street-facing display windows. Behind them is a kitchen area with sink and a small pantry, and a half bath sits by the stairs. Upstairs: an open room leads back to a bedroom, a full bath with tub and shower, and a laundry room, with a door out to the balcony over the entry, which has its own exterior stair down to the parking lot. Central air, boiler heat, partial basement. The sale includes the adjoining paved side lot: two parcels, 12,596 SF of land in total. B-3 zoning allows retail, restaurant, personal service, medical and dental office, general office and artist studio uses by right. IDOT counted 24,300 vehicles a day on Milwaukee Avenue at the property in 2025, and a Pace bus stop (Routes 272 and 234) is at the property. Walgreens, Fresh Farms International Market, Chase, Benihana, Scooter's Coffee and the Dundee Road restaurant cluster are within a quarter mile; the Wheeling Metra station is 1.8 miles away and I-294 at Lake Cook Road 3.9 miles. The building parcel is outside the FEMA Special Flood Hazard Area (Cook County parcel data, 2024). Buyers using residential (FHA or conventional) financing should confirm eligibility with their lender before writing an offer. Building size (1,648 SF, Cook County Assessor), lot size and all other figures are from public record or the seller and must be verified by the buyer, including real estate taxes and the 2025 Cook County reassessment.

231 N Milwaukee Avenue, Wheeling

231 N Milwaukee Avenue, Wheeling
$480,000
2 Beds ⋅ 2 Baths ⋅ 12765323 MLS ⋅ ACTIVE Status
Freestanding storefront building with finished living quarters upstairs, a paved parking lot and a detached garage, on 0.29 acre with 100 feet of frontage on Milwaukee Avenue (US 45). Vacant, immediate occupancy. Please note: this is a mixed-use property, not a single-family house. Cook County classifies it as Class 2-12 mixed-use commercial/residential, and the Village of Wheeling zones it B-3 General Commercial and Office District. Buyer to verify residential occupancy of the second floor, and every intended use, with the Village of Wheeling. Main floor: the front door opens to a front room on the left and a larger room on the right, both with large street-facing display windows. Behind them is a kitchen area with sink and a small pantry, and a half bath sits by the stairs. Upstairs: an open room leads back to a bedroom, a full bath with tub and shower, and a laundry room, with a door out to the balcony over the entry, which has its own exterior stair down to the parking lot. Central air, boiler heat, partial basement. The sale includes the adjoining paved side lot: two parcels, 12,596 SF of land in total. B-3 zoning allows retail, restaurant, personal service, medical and dental office, general office and artist studio uses by right. IDOT counted 24,300 vehicles a day on Milwaukee Avenue at the property in 2025, and a Pace bus stop (Routes 272 and 234) is at the property. Walgreens, Fresh Farms International Market, Chase, Benihana, Scooter's Coffee and the Dundee Road restaurant cluster are within a quarter mile; the Wheeling Metra station is 1.8 miles away and I-294 at Lake Cook Road 3.9 miles. The building parcel is outside the FEMA Special Flood Hazard Area (Cook County parcel data, 2024). Buyers using residential (FHA or conventional) financing should confirm eligibility with their lender before writing an offer. Building size (1,648 SF, Cook County Assessor), lot size and all other figures are from public record or the seller and must be verified by the buyer, including real estate taxes and the 2025 Cook County reassessment.

231 N Milwaukee Avenue, Wheeling

156 Wille Avenue, Wheeling
$439,000
4 Beds ⋅ 3 Baths ⋅ 12755203 MLS ⋅ ACTIVE Status
Located on a quiet residential street, 156 Wille Avenue presents a rare opportunity in Wheeling: a well-maintained, move-in-ready 4-bedroom, 2.1-bath home with approximately 2,760 square feet, paired with a separately PIN'd adjacent parcel that is described as buildable, offering uncommon flexibility for an owner-occupant, hobbyist, investor, or future builder. The home blends warmth and functionality with hardwood floors, hot-water radiant heat, and a modern SpacePak high-velocity central air system for year-round comfort. Major improvements include 200-amp electrical service, transferable leased at zero per month and warrantied until 2042 solar panels installed approximately five years ago, and a newer roof on the main house and garage within the last five years. Public listing and property sources also reflect the two-lot configuration, with the adjacent parcel noted as buildable and approximately 7,300 square feet, though buyers should verify zoning, setbacks, and all building requirements directly with the Village. What truly sets this property apart is the land and utility it offers. With two parcels totaling roughly 0.34 acres and a total of six garage spaces across the property, plus two separate driveways, the possibilities here are far broader than what is typically found in an established neighborhood. Whether your needs include extra vehicle storage, workspace, room for recreational equipment, future expansion, or the long-term value of controlling an additional parcel next door, this property offers an unusual level of versatility that is increasingly difficult to find. The location adds even more appeal. From Wille Avenue, you are conveniently close to Wheeling Town Center, home to dining and retail destinations, as well as the village's well-known Restaurant Row along Milwaukee Avenue. Heritage Park offers a sports complex, performance pavilion, lake views, and broad recreational amenities nearby, while the Wheeling Metra station provides access to the Milwaukee District North line for an easy regional commute. Together, those amenities make this an especially compelling opportunity to own a substantial home with extra land in a community that continues to invest in dining, recreation, and local development.

156 Wille Avenue, Wheeling

1315 Cheswick Court Unit #C, Wheeling
$339,000
2 Beds ⋅ 3 Baths ⋅ 12748040 MLS ⋅ ACTIVE Status ⋅ Arlington Club BLDG.
Located in the highly sought after Arlington Club is this spacious two-story home with a two-car garage perfectly blends a fabulous floorplan with an unbeatable community lifestyle and feeds into Buffalo Grove High School! Step inside to soaring vaulted ceilings, skylights, and abundant natural light. The spacious living room is warm and inviting, anchored by a cozy gas fireplace that's perfect for relaxing or entertaining year-round. The kitchen flows effortlessly into the dining and living areas, creating an open-concept layout ideal for hosting family and friends or simply enjoying everyday life. Enjoy incredible, relaxing views from the main level living space! Escape to the expansive primary suite, which features a huge ensuite bathroom with wrap-around cabinets and counters and dual sinks making it easy to share. Upstairs also boasts a second bedroom, a large loft area that can serve as a third bedroom or a fabulous office space, and a full bathroom. The partially finished basement adds incredible versatility, offering space that can be used as a family room, home gym, or plus a separate storage room to keep everything organized. Outside, enjoy your own private patio overlooking peaceful green space -an ideal setting for morning coffee, outdoor dining, or relaxing evenings. Life at Arlington Club is truly something special. Residents enjoy resort-style amenities including two outdoor swimming pools, two wading pools, a clubhouse, and beautifully maintained open green spaces. Come enjoy this incredible community surrounded by mature trees and scenic walking paths, where low-maintenance living, exceptional amenities, and an outstanding location close to shopping and restaurants make this an exceptional place to live!

1315 Cheswick Court Unit #C, Wheeling

411 Hickory Drive, Wheeling
$375,000
3 Beds ⋅ 3 Baths ⋅ 12745921 MLS ⋅ ACTIVE Status
Welcome to this beautifully updated townhome in sought-after Harmony Village! One of the largest floor plans in the community, this 3-bedroom, 2.1-bath home offers an open layout with hardwood flooring throughout, abundant natural light, and a full finished basement with a full bath, family room, and dedicated office workspace. The main level features a living room and kitchen with an eat-in area and appliances replaced in 2024. The primary suite includes a private balcony, perfect for morning coffee or unwinding in the evening. Enjoy the outdoors from the newly painted deck or private front porch, complete with a charming garden featuring grapes and tomatoes. Numerous updates include windows replaced by the HOA in 2024, roof replaced in 2023, new exterior doors, energy-efficient furnace and HVAC system with GVAC updated in 2024 and heat exchanger replaced in 2025, new water heater, new siding, updated bathrooms with double-sink vanities, new washer and dryer, and updated first-floor lighting in 2026. Additional features include a working home security system, updated metal stair banisters, freshly painted first floor, second floor painted in 2025, updated basement vents, and newly painted basement ceiling. The attached garage and extra-long driveway provide excellent parking and storage. Ideally located on a quiet cul-de-sac with open green space just outside your door, Harmony Village offers beautifully maintained grounds and an array of amenities, including a community pool, clubhouse, playground, neighborhood pond views, and walking paths. Enjoy easy access to Downtown Wheeling's Restaurant Row, featuring a variety of local restaurants, coffee shops, and breweries. Nearby attractions include Heritage Park, a 100+ acre nature and recreation area featuring a sports complex, performance pavilion, lake, walking paths, and gathering spaces. The Wheeling Metra station and major roadways offer convenient commuting, while O'Hare International Airport is approximately 20-25 minutes away. This is also an investor-friendly community with rentals allowed, offering an excellent opportunity for both homeowners and investors!

411 Hickory Drive, Wheeling

1951 Potomac Court, Wheeling
$449,000
3 Beds ⋅ 3 Baths ⋅ 12736742 MLS ⋅ ACTIVE Status
Welcome Home to this beautiful, HIGHLY DESIRABLE END-UNIT in sought-after Willow Place! Boasting fantastic updates and flooded with natural light, this home truly has so much to offer. Step inside the SUNNY FOYER, which seamlessly opens to gorgeous HARDWOOD FLOORS flowing throughout the entire main level. The dramatic TWO-STORY LIVING AREA serves as the heart of the home, offering an airy feel and direct access to your own PRIVATE BALCONY-perfect for your morning coffee. Entertaining is a breeze in the stunning kitchen, newly refreshed with UPDATED GRANITE COUNTERTOPS, a sleek NEW GLASS BACKSPLASH, STAINLESS STEEL APPLIANCES, and a convenient center island. Enjoy the ultimate convenience of a spacious MAIN-LEVEL PRIMARY SUITE, complete with a generous WALK-IN CLOSET and a private FULL BATHROOM. Head up to the second level to find a versatile OPEN LOFT AREA (perfect for a home office or reading nook) alongside two additional spacious bedrooms. The owner has thoughtfully updated the upstairs with modern LED CEILING LIGHTS in all bedrooms. Need more room? The FINISHED LOWER LEVEL provides fantastic extra living space for a family room, media room, or home gym. You will also love the LARGE 2-CAR GARAGE equipped with plenty of EXTRA STORAGE. Location, location, location! Situated in a great neighborhood, you are just moments away from local parks, playgrounds, and the METRA STATION for a stress-free commute. Just minutes away from OHare International Airport. Don't miss out on this beautifully updated, move-in-ready gem. Schedule your showing today!

1951 Potomac Court, Wheeling

1400 S Wolf Road, Wheeling
$7,500,000
12537561 MLS ⋅ ACTIVE Status
Offered here is an office complex investment opportunity located at 1400 S. Wolf Road, Wheeling, Illinois, in the heart of the Chicago's Northwest suburban market. The property is well accessible from interstate I-294 / Tollway or Route 53 via Palatine Road, and located on a highly visible southwest corner of Wolf & Palatine Roads, and adjacent to the Chicago Executive Airport The complex consisting of two buildings, with a total of 116,226 square feet. Built on slab on grade, the campus consists of two buildings which connect to each other. Building 100, consists of approximately 55,268 rentable square feet, and building 200 consists of a total of 57,866 a rentable square feet. The overall total of rentable space consists of 113,134 square feet. The property's site consists of approximately 352,106 square feet of land, rectangular in shape and level grade, with all utilities available. The site zoned as I-1, Light Industrial and Office District. Once stabilized, this asset presents an opportunity to collect strong current cash flow with a potential for future industrial redevelopment. The complex consists of 22 units, and is currently 60% occupied. In addition, FedEx leases 50 parking spaces under longtime terms till August 2031. Leased office space varies from 1,600 sqft to a high of 23,993 sqft. Vacant space ranges from a low of 138 sqft to a high of 6,915 sqft. As stabilize, total projected monthly income is approximately $136,128 / $1,633,536 yr. At fully stabilized tenancy the estimated capitalization rate after general expenses is projected at 10.7%. Appeal of suburban low rise office properties affordable a cost-effective option over mid-rise buildings and are ideal for main or satellite locations away from congested urban areas. In addition, the style of building offers 24/7 access, together with tenant-controlled HVAC, and parking adjacent to entrances. Space options allow tenants to either grow or reduce space as needed. Units can be easily expanded by creating a cased wall opening which keeps tenant improvement costs to a minimum.

1400 S Wolf Road, Wheeling

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