Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 701-749 N. Milwaukee Avenue (the “Property”), a 92% leased, multi-tenant retail investment located in Wheeling, Illinois, a northern suburb of Chicago.

The ±14,061-square-foot building is situated on ±59,176 square feet of land with 265 feet of frontage along North Milwaukee Avenue. The Property is currently 92% leased to five tenants: Massage Envy, Spears Bourbon, Elsa’s, Chicago Ramen, and Cilantro Grill. The anchor tenant, Spears Bourbon, occupies approximately 40% of the Property’s Rentable Square Footage (RSF since 2014).

Located in Wheeling, approximately 30 miles northwest of downtown Chicago, the Property is situated along Milwaukee Avenue at the high-traffic intersection of Lake Cook Road. This area serves both local population and a constant stream of visitors anchored by The Westin Chicago North Shore, a premier 412-room hotel featuring more than 35,000 square feet of event and conference space. The Westin generates consistent, year-round traffic, further enhancing tenant visibility and daily customer flow.

The surrounding mix of high-performing restaurants, service businesses, and entertainment venues include: Saranello’s, Cooper’s Hawk, Benihana and Boston Fish Market further strengthening the area’s draw, creating a dynamic mix and draw to the area.

Within 5 miles, demographics include an average household income of ±$140,053, a median home value of ±$407,824, and a total population of 229,533. The visibility benefits from the approximate 75,000 VPD between Milwaukee Avenue and Lake Cook Road.