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260 S Milwaukee Avenue

Wheeling, IL 60090
  • $799,900
  • STATUS: Active
  • MLS #: 12503562
UPDATED: 86 min ago
$799,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
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Area:

School Ratings & Info

Description

Landmark Bakery & Deli - Iconic Business & Real Estate Opportunity on Restaurant Row, Wheeling! Discover an extraordinary business and real estate opportunity in the heart of Wheeling's thriving Restaurant Row along Milwaukee Avenue - one of the area's most recognized and heavily trafficked corridors, with over 30,000 cars passing daily! For more than 43 years, Chicago Bagel & Bialy has been a beloved community landmark and a profitable business known for its quality, tradition, and loyal clientele. In 2024 alone, the business reported over ONE MILLION dollars in gross sales (as shown on tax returns). The seller is now retiring, ready to pass on this legacy to its next proud owner. Situated on a 32,000 sq. ft. parcel (approx. 3/4 acre), this free-standing 3255 sq. ft. building offers tremendous flexibility and visibility. With 30 parking spaces, spacious indoor dining for 40+ guests, and a charming outdoor seating area for an additional 40+ clients, this fully equipped restaurant is designed for carry-out, dine-in, catering, and expansion opportunities, including the potential addition of a drive-thru. The state-of-the-art kitchen includes a 30-pan Middleby Marshall rotating oven with six shelves, two walk-in coolers, a walk-in freezer, extensive prep and packaging areas, retail display cases, refrigeration units, and all the fixtures needed to continue smooth operations from day one. Additional highlights include a two-car attached garage, office, storage areas, three restrooms, and security & sprinkler systems throughout. Strategically positioned near major traffic drivers such as Fresh Farms International Market, Superdawg, and Walgreens, this property's exposure and accessibility make it an unbeatable investment. The location's zoning and layout also offer versatility - ideal for future conversion to retail, mixed-use, wholesale production, or other commercial ventures. An adjacent 1/4-acre parcel owned by the Village of Wheeling may also be available for expansion discussions, presenting even more possibilities for growth. This is a once-in-a-generation opportunity to own both a highly profitable business and prime real estate in one of Chicago's most recognized dining destinations. Whether you're an investor, restaurateur, or entrepreneur looking to expand your brand - this is the property you've been waiting for. For private showings and financials, please contact the listing broker directly. Do not disturb the business or employees.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty.

Based on information submitted to the MLS GRID as of 2026-03-14T03:04:11.48 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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260 S Milwaukee Avenue Wheeling, IL 60090

  • Price: $799,900
  • Status: Active
  • On Site: Days
  • Updated: 86 min ago
  • MLS #: 12503562
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Landmark Bakery & Deli - Iconic Business & Real Estate Opportunity on Restaurant Row, Wheeling! Discover an extraordinary business and real estate opportunity in the heart of Wheeling's thriving Restaurant Row along Milwaukee Avenue - one of the area's most recognized and heavily trafficked corridors, with over 30,000 cars passing daily! For more than 43 years, Chicago Bagel & Bialy has been a beloved community landmark and a profitable business known for its quality, tradition, and loyal clientele. In 2024 alone, the business reported over ONE MILLION dollars in gross sales (as shown on tax returns). The seller is now retiring, ready to pass on this legacy to its next proud owner. Situated on a 32,000 sq. ft. parcel (approx. 3/4 acre), this free-standing 3255 sq. ft. building offers tremendous flexibility and visibility. With 30 parking spaces, spacious indoor dining for 40+ guests, and a charming outdoor seating area for an additional 40+ clients, this fully equipped restaurant is designed for carry-out, dine-in, catering, and expansion opportunities, including the potential addition of a drive-thru. The state-of-the-art kitchen includes a 30-pan Middleby Marshall rotating oven with six shelves, two walk-in coolers, a walk-in freezer, extensive prep and packaging areas, retail display cases, refrigeration units, and all the fixtures needed to continue smooth operations from day one. Additional highlights include a two-car attached garage, office, storage areas, three restrooms, and security & sprinkler systems throughout. Strategically positioned near major traffic drivers such as Fresh Farms International Market, Superdawg, and Walgreens, this property's exposure and accessibility make it an unbeatable investment. The location's zoning and layout also offer versatility - ideal for future conversion to retail, mixed-use, wholesale production, or other commercial ventures. An adjacent 1/4-acre parcel owned by the Village of Wheeling may also be available for expansion discussions, presenting even more possibilities for growth. This is a once-in-a-generation opportunity to own both a highly profitable business and prime real estate in one of Chicago's most recognized dining destinations. Whether you're an investor, restaurateur, or entrepreneur looking to expand your brand - this is the property you've been waiting for. For private showings and financials, please contact the listing broker directly. Do not disturb the business or employees.
Exterior Features

Frontage Type Public RoadState Road Land Amenities Lighting/Exterior Lot Size .50-.99 Acre Outdoor Parking 19-30 Spaces Roof Membrane Waterfront YN No

Interior Features

Cooling Central Air Heat Ventilation Central Heat/Indiv Controls Miscellaneous Inside Overhead Door/sPublic Restroom/sStorage InsideOther

Property Features

Additional Parcels YN Yes Adjusted Net Income 0 Adjusted Net Income Year 2024 Annual Rent For Real Estate 0 Building Area Total 3255 Business Age 11+ Years Business Type Restaurant Corporate Limits Wheeling Current Use Other Electric Service - 201 to 600 Amps Gross Profit Year 2024 Gross Sales Annual 1006973 Gross Sales Annual Year 2024 Location Free Standing/Urban Mls Actual Status Active Operating Expense 0 Ownership Type Corporation Ownership Types Corporation Possible Use CommercialCondominiumOfficeDevelopmentRecreationalRetailSpecial UseOther Property Offered For Sale Only Real Estate Included Yes Rental Price 0 Sale Price Includes LandBuildingBusinessEquipmentTrade FixturesInventoryPhone NumberBusiness Name Tax Annual Amount 76599 Tax Year 2023 Tenant Pays Other Type Bus / Bus w/Real Est Type Of Lease None Utilities Natural Gas Available Zoning COMMR

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of RE/MAX At Home: 847-255-1000.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty.

Based on information submitted to the MLS GRID as of 2026-03-14T03:04:11.48 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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