SEC OF DUNDEE & WHEELING ROAD — Sale in Wheeling, IL

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

Photos

SEC OF DUNDEE & WHEELING ROAD — Sale in Wheeling, IL, photo 1 of 2
SEC OF DUNDEE & WHEELING ROAD — Sale in Wheeling, IL, photo 2 of 2

Description

• +3.2 Acres of Land (Divisible) • High visibility corner lot • Over 25,000 vehicles per day on Dundee Road. • Close proximity to Wheeling Metra Station West stop with over 20,000 weekday riders. • Located in close proximity to Wheeling Town Center with CMX Theatre, City Works, Starbucks, and Wheeling Aquatic Center. • New residential developments in close proximity: One Wheeling Town Center with 300 units and Uptown 500 with 321 units. • Area Retailers Include: Walmart, Woodmans, Target, Bill Stasek Chevrolet, Jewel Osco.

Market Context

This retail in Wheeling, IL is listed for sale. Compare it against other retail listings for sale 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 assets trade 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).

Estimated Price per SF

$56.15/SF – $408.36/SF

Mid: $170.15/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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