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0 Beds
3,255 sqft

$799,900

260 S Milwaukee Avenue, Wheeling IL, 60090

Price per sqft$245.75
Property size3,255 sqft
Property typeCommercial
Listed by Basel Tarabein with RE/MAX At Home 847-828-2243

Overview

Under contract

Contingent

Listed Oct 28, 2025

Updated Jul 18

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.

Additional information

MLS® ID
12503562

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.73 Acres

Other Property Details

Taxes
$76,599
Tax Frequency
Annually
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Listed by Basel Tarabein with RE/MAX At Home 847-828-2243

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Lisa Wolf Team | wolfpartners GROUP are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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