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Featured Properties

Featured Properties Available In Wheeling

Bring your vision to life in Wheeling. Whether you are seeking a ground-up development opportunity, the ideal location for a new restaurant or retail concept, or a modern facility to expand or relocate your business, the Village offers a variety of properties to meet your needs.

The Village of Wheeling is committed to supporting business investment and long-term success. Qualifying projects may be eligible for economic development incentives, grants, or other forms of assistance. Contact the Village’s Economic Development Department to learn more about available properties, community advantages, and potential incentive opportunities.

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Wheeling's Value Proposition

102K+

Residents
Within a 3-Mile Radius

$110K+

Annual Income
Average

3

Miles
from Interstate 94 / Interstate 294

2

Nearby Airports
Chicago Executive Airport (3mi) and O'Hare International Airport (10mi)

Generational Opportunity To Acquire a Turnkey 36,880± SF Movie & Entertainment Complex

Cinergy Dine-In Cinemas is a premier entertainment anchor located within Wheeling Town Center, a $110 million mixed-use development in downtown Wheeling, Illinois. Built in 2020, the venue features seven screens, 626 luxury recliner seats, in-seat dining, a full-service bar, lounge amenities and premium cinema technology, creating a modern experiential entertainment destination. Beyond traditional ticket sales, the property benefits from diversified revenue streams including food and beverage, concessions, gaming, private events and specialty programming. As the only operating movie theater in Wheeling, it serves as a regional draw for residents and neighboring affluent northern suburbs alike.

The site is positioned within a walkable downtown environment featuring retail, restaurant and entertainment space, alongside a 300+ unit luxury residential community. The Metra station and Heritage Park, both adjacent to Wheeling Town Center, generate consistent foot traffic from residents, commuters and visitors year-round. Supported by strong demographics, built-in daily traffic, and a multi-revenue entertainment model, this property offers a unique opportunity to acquire a modern anchor asset in one of Chicago’s established suburbs.

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Okay Restaurant Building aerial view of building, lot and nearby highway overpass

781 N. Milwaukee Avenue

A rare opportunity has emerged for restaurateurs and retailers seeking a high-visibility location anchoring the northern end of Wheeling's Restaurant Row. A premier 11,808-square-foot freestanding retail building at 781 N Milwaukee Avenue in Wheeling is now available for sublease, offering turnkey features and unbeatable location advantages.

The building is fully built out for restaurant use and includes a large kitchen equipped with a hood, walk-in cooler, and drive-in delivery door, as well as a bar area, lounge space, private staff hallway, and outdoor seating. The site also features prominent dual-sided signage along Milwaukee Avenue and a billboard facing Lake Cook Road, ensuring excellent branding visibility.

Located within a highly trafficked hospitality and dining hub, the property shares its development with The Westin Chicago North Shore, Cooper’s Hawk Winery & Restaurant, Saranello’s, Cilantro Taco Grill, Chicago Ramen, and Spears Bourbon, Burgers & Beer. Nearby retail anchors include Target, Starbucks, Cafe Zupas, Crumbl Cookies, Chipotle, Bob Chinn’s Crab House, and Superdawg, among many others.

This property presents a prime opportunity for a restaurant, specialty grocer, or other retail concept to enter a well-established and growing commercial corridor.

DBY

700 N. Milwaukee Rd.

CBRE, as exclusive agent, is pleased to present an opportunity to lease or acquire fee simple interest in 700 North Milwaukee Avenue (“the Property”) in Wheeling, a village located 45 minutes northwest of Chicago, Illinois. Built as a brewery and food hall, the Property has indoor seating for 168, while the outdoor deck can hold 100 patrons comfortably. Combined with the 126 surface parking spaces surrounding the building, there is ample room for patrons to spread out and enjoy themselves. Located near the intersection of Milwaukee Avenue and Wolf Road, the Property is surrounded by condo residents and a variety of retailers offering food & beverage, wellness services, banking, childcare, and lodging. North of the Property is access to Lake Cook Road, a major thoroughfare that connects it to green and recreation spaces like the Chevy Chase Country Club and the Lake County Forest Preserve.PRIME SUBURBAN LOCATION - The Property is near Wolf Road & Lake Cook Road, two major suburban thoroughfares.

  • FOOD HALL SEATING 160+ & OUTDOOR DECK SEATING 100 - Perfect for an owner/user looking to test pop-up restaurant concepts in a new market.

  • TURNKEY BREWERY - Ideal for owner/users who brew their own beers and want to expand in the suburbs.

  • LARGE LAND FOOTPRINT - The Property’s footprint is a total of 2.81 acres / 121,404 SF, well suited for expansion or redevelopment.

  • COUNTY TAX INCENTIVE - Under the Class 7A Incentive, the Property is taxed at 10% (instead of the standard 25%) for 5 years with an option to extend.

  • NEAR LODGING & RESIDENCES - The Property sits near The Westin Chicago North Shore and Prairie Park Condos, guaranteeing foot traffic.

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