Northgate Pwky & Dundee Rd — Lease in Wheeling, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Wheeling, IL 60090

Property Highlights

  • A true family destination located across the street from Wheeling Town
  • A to-be constructed, free-standing building that can be designed to accommodate your newest prototype, including potential for a drive- thru or pick up lane
  • E xcellent co-tenancy with a national grocer makes this location a daily needs destination and will drive your businesses growth

Source: broker marketing brochure

Market Context

This retail in Wheeling, IL is listed for lease. Compare it against other retail listings for lease in Wheeling, IL — view the full market.

As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 7.9% as of Q4 2025, per multiple brokerage reports.
Is the Chicago retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).

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