Wheeling, IL Commercial Real Estate for Lease and Sale

Explore 42 listings of Wheeling commercial real estate to find the best space for your business.

Milwaukee Ave & Dundee Rd

Milwaukee Ave & Dundee Rd, Wheeling, IL
Property

Retail
For Sale

Subject To Offer
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The Elms

700-728 S Milwaukee Ave, Wheeling, IL
Property

Office

21,480 SF
Availability

1 Space

2,280 SF
For Lease

$13.75/SF/YR
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20,206 SF Available for Lease or Sale in Wheeling

953 Seton Ct, Wheeling, IL
Property

Industrial
Availability

1 Space

20,206 SF
Year Built

1975
For Lease Contact for pricing
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720 Northgate Parkway

720 Northgate Parkway, Wheeling, IL
Property

Industrial

181,160 SF
Availability

1 Space

76,114 SF
Year Built

2017
For Lease Contact for pricing
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Office Coworking Retail Industrial

Retail Industrial Land
Wheeling Plaza

600-668 Wheeling Road, Wheeling, IL
Property

Industrial

134,800 SF
Availability

2 Spaces

8,872 SF
For Lease

$6.50/SF/YR
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52,952 SF Available for Sale in Wheeling

599 Wheeling Rd, Wheeling, IL
Property

Industrial

52,952 SF
Year Built

1973
For Sale Contact for pricing
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1040 South Milwaukee Avenue

1040 South Milwaukee Avenue, Wheeling, IL
Property

Office

26,000 SF
Availability

1 Space

4,000 SF
Year Built

1988
For Lease

$14.00/SF/YR
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1-49 Huntington Ln

1-49 Huntington Ln, Wheeling, IL
Property

Retail

37,035 SF
Availability

2 Spaces

5,461 SF
Year Built

1985
For Lease

$14.00/SF/YR
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99 E Palatine Rd

99 E Palatine Rd, Wheeling, Prospect Heights, IL
Property

Office

4,800 SF
Availability

1 Space

1,500 SF
Year Built

2022
For Lease

$22.50/SF/YR
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11,629 SF Available for Lease in Wheeling

504 Glenn Ave, Wheeling, IL
Property

Industrial

34,812 SF
Availability

1 Space

11,629 SF
Year Built

1960
For Lease Contact for pricing
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9,240 SF Available for Sale in Wheeling

2038 Foster Ave, Wheeling, IL
Property

Industrial

9,240 SF
Year Built

1978
For Sale

$895,000
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740 W. Hintz

740 W. Hintz, Wheeling, IL
Property

Retail

5,865 SF
Availability

1 Space

3,665 SF
For Lease Contact for pricing
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Multi-Family Development Site

2814 E. Hintz Rd, Wheeling, IL
Property

VacantLand
For Sale

$2,500,000
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Contractor Building & Yard

555 Exchange Ct, Wheeling, IL
Property

Industrial

9,169 SF
Year Built

2010
For Sale

$2,100,000
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20,206 SF Available for Lease or Sale in Wheeling

953 Seton Ct, Wheeling, IL
Property

Industrial

20,206 SF
Year Built

1975
For Sale Contact for pricing
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Milwaukee Ave & Dundee Rd

Milwaukee Ave & Dundee Rd, Wheeling, IL
Property

Retail
Availability

1 Space

89,298 SF
For Lease Contact for pricing
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742 Glenn Avenue

742 Glenn Avenue, Wheeling, IL
Property

Industrial

119,158 SF
Availability

1 Space

50,000 SF
Year Built

1981
For Lease

$9.00/SF/YR
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82-106 E Dundee Rd, Wheeling, IL

82-106 E Dundee Rd, Wheeling, IL
Property

Retail

15,940 SF
Availability

2 Spaces

7,500 SF
Year Built

1965
For Lease

$15.20/SF/YR
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401 South Milwaukee Avenue

401 South Milwaukee Avenue, Wheeling, IL
Property

Office

26,681 SF
Availability

9 Spaces

12,708 SF
Year Built

1975
For Lease

$12.57 - $15.00/SF/YR
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1400 South Wolf Road - Building 500

1400 South Wolf Road, Wheeling, IL
Property

Office

42,073 SF
Availability

7 Spaces

14,159 SF
Year Built

1989
For Lease Contact for pricing
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2204-2206 Foster Avenue

2204-2206 Foster Avenue, Wheeling, IL
Property

Industrial

7,998 SF
Availability

1 Space

7,998 SF
Year Built

1973
For Lease

$11.95/SF/YR
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423 Denniston Court

423 Denniston Court, Wheeling, IL
Property

Industrial

7,640 SF
For Sale

$695,000
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1-45 Huntington Ln

1-49 Huntington Ln, Wheeling, IL
Property

Retail

43,104 SF
Availability

2 Spaces

2,313 SF
For Lease

$12.50 - $14.00/SF/YR
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LocalWorks Wheeling
LocalWorks
1400 South Wolf Road, Wheeling, IL
Services

Virtual Office

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

High-speed wifi

Printer
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25,452 SF Available for Lease in Wheeling

1 Messner Dr, Wheeling, IL
Property

Industrial

58,174 SF
Availability

1 Space

25,452 SF
Year Built

1978
For Lease Contact for pricing
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830 Seton Ct

830 Seton Ct, Wheeling, IL
Property

Industrial

31,815 SF
Availability

2 Spaces

8,076 SF
Year Built

1988
For Lease Contact for pricing
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1475 South Wheeling Road

1475 South Wheeling Road, Wheeling, IL
Property

Industrial

53,957 SF
Availability

1 Space

53,957 SF
Year Built

1977
For Lease Contact for pricing
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SWC of Lake Cook Rd. & Milwaukee Ave.

SWC of Lake Cook Rd. & Milwaukee Ave., Wheeling, IL
Property

VacantLand

740,520 SF
For Sale Contact for pricing
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21,353 SF Available for Lease in Wheeling

190 Messner Dr, Wheeling, IL
Property

Industrial

95,664 SF
Availability

1 Space

21,353 SF
Year Built

1977
For Lease Contact for pricing
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307 S Milwaukee Ave

307 S Milwaukee Ave, Wheeling, IL
Property

Office

15,594 SF
Availability

3 Spaces

1,885 SF
For Lease

$15.00/SF/YR
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747-797 Glenn Avenue

747-797 Glenn Avenue, Wheeling, IL
Property

Industrial

82,012 SF
Availability

1 Space

7,500 SF
Year Built

1981
For Lease Contact for pricing
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543 Diens Dr

543 Diens Dr, Wheeling, IL
Property

Industrial

24,722 SF
For Sale

$1,950,000
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Under Contract - Redevelopment Opportunity - 6.46 Acres Available For Sale in Wheeling

129 S Railroad Ave, Wheeling, IL
Property

Other
For Sale Contact for pricing
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852 Seton Court

852 Seton Court, Wheeling, IL
Property

Industrial

26,000 SF
For Sale

Subject to Offer
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65,488-186,600 SF Available for Lease in Wheeling

1175 Wheeling Rd, Wheeling, IL
Property

Industrial

186,600 SF
Availability

1 Space

186,600 SF
Year Built

1965
For Lease Contact for pricing
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Northgate Pwky & Dundee Rd

Northgate Pwky & Dundee Rd, Wheeling, IL
Property

Retail

5,226 SF
Availability

1 Space

5,226 SF
For Lease Contact for pricing
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1475 South Wheeling Road

1475 South Wheeling Road, Wheeling, IL
Property

Industrial

53,957 SF
Year Built

1977
For Sale Contact for pricing
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Assembled Products

466-488 Diens Drive, Wheeling, IL
Property

Industrial

57,486 SF
Availability

1 Space

11,523 SF
Year Built

1987
For Lease

$12.00/SF/YR
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1033 Noel Ave

1033 Noel Ave, Wheeling, IL
Property

Industrial

96,959 SF
For Sale

$5,325,000
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925 Seton Ct

925 Seton Ct, Wheeling, IL
Property

Industrial

32,325 SF
Availability

3 Spaces

16,387 SF
For Lease Contact for pricing
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190-198 West Carpenter Avenue

190-198 West Carpenter Avenue, Wheeling, IL
Property

Industrial

78,449 SF
Availability

1 Space

36,501 SF
Year Built

1976
For Lease Contact for pricing
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1055 McHenry Road

1055 McHenry Road, Wheeling, IL
Property

Retail

135,440 SF
Availability

1 Space

135,440 SF
Year Built

1991
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Wheeling commercial real estate market incorporates 136,628 square feet of office space across 7 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Wheeling commercial real estate market includes 242,610 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Wheeling market, there is a total of 1,067,316 square feet of industrial property.

The listing inventory in Wheeling incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Wheeling is represented by Industrial space, which accounts for 542,303 square feet of available listings. Retail space available in Wheeling adds up to 245,120 square feet.

Meanwhile, most of the listings of commercial property for sale in Wheeling are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Wheeling is $14.25 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Wheeling can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Wheeling, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $15 per square foot. In particular, the property type commanding the highest lease rates in Wheeling was Office space.

The average size of a commercial property in Wheeling depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Wheeling, the average size of an office property is 22,772 square feet.
Retail properties here incorporate an average of 40,435 square feet.
Industrial space in Wheeling is in buildings that are, on average 59,296 square feet in size.

Wheeling, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Wheeling currently add up to 823,820 square feet. The market offers 7 active office listing(s), which amount to 36,532 square feet and account for 23% of commercial spaces on the market. Local retail availability includes 245,120 square feet across 8 retail space(s). Industrial space for rent opportunities in Wheeling amount to 542,168 square feet across a total of 15 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	7	36,532
Retail	8	245,120
Industrial	15	542,168

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Wheeling, IL. Currently, there is 944,406 square feet of commercial property for sale here , which includes 8 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	8	203,886
Other	3	740,520

Wheeling, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Wheeling, IL?

What factors affect the price of commercial real estate in Wheeling, IL?

What is the average rent for commercial space in Wheeling, IL?

What are the best areas for commercial real estate in Wheeling, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Wheeling, IL?

Wheeling, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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