306-310 N Wolf Rd

Wheeling, IL 60090

$450,000
Last Sold Price
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Beds
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Baths
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.
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Closed 11/20/24
Closed 11/20/24
a view of a house with sitting area and garden
a front view of a brick house with a outdoor space
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a view of an empty room with a window
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a living room with furniture a flat screen tv and a floor to ceiling window
a bathroom with a granite countertop toilet a sink a mirror and a shower
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a living room with furniture and a fireplace
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Description

MIXED USE Prime Investment Opportunity in Wheeling with Low Taxes! Welcome to an unparalleled opportunity for savvy investors and ambitious entrepreneurs alike! Presenting a remarkable 5,000 SF two-story office/retail building in the heart of Wheeling, offering a versatile canvas for your commercial aspirations. Endless Possibilities: This dynamic property is adaptable to a myriad of uses, from multi-family housing to boutique retail, yoga studios to medical offices, and everything in between. With...MIXED USE Prime Investment Opportunity in Wheeling with Low Taxes! Welcome to an unparalleled opportunity for savvy investors and ambitious entrepreneurs alike! Presenting a remarkable 5,000 SF two-story office/retail building in the heart of Wheeling, offering a versatile canvas for your commercial aspirations. Endless Possibilities: This dynamic property is adaptable to a myriad of uses, from multi-family housing to boutique retail, yoga studios to medical offices, and everything in between. With its spacious layout and strategic location, the possibilities are as vast as your imagination. Convenience & Accessibility: Boasting 22 parking spaces and a convenient drive-in door, accessibility is never an issue. Direct ingress/egress onto Wolf Road ensures seamless traffic flow, while its proximity to major thoroughfares like Milwaukee Avenue (IL-21) and Dundee Road (IL-68) offers unparalleled convenience. Positioned just 3.5 miles west of I-294, commuting is a breeze for employees and customers alike. Prime Location & Exposure: With frontage on Wolf Road and exposure to over 8,000 vehicles per day, visibility is guaranteed. Nestled in a bustling area just west of Milwaukee Avenue, this property enjoys the spotlight of high foot traffic and vibrant commercial activity, ensuring your business thrives in the spotlight. Investor's Dream, Owner's Pride: Whether you're an astute investor seeking prime real estate or an ambitious owner/user ready to make your mark, this property promises exceptional returns and enduring value. Low taxes sweeten the deal, making it an even more enticing investment opportunity. MOTIVATED SELLER- this property was under contract and all the way through ALTA when buyer backed out for buyer reasons in late September. Redevelopment Potential: Dream big and seize the opportunity for redevelopment! With zoning permitting up to 4 stories or 50 feet in height, the canvas is yours to reimagine. The Village of Wheeling welcomes visionaries and developers to unlock the full potential of this prized location. Don't miss out on this extraordinary chance to secure your foothold in one of Wheeling's most coveted commercial districts. Whether you're looking to invest, expand, or reimagine, this property offers the perfect foundation for success. Contact us today to schedule a viewing and take the first step towards realizing your commercial ambitions! Property being offered AS IS.

Listing Agent

  1. Dawn Bravo

    Dawn Bravo

    Listing Agent

    Compass

    P: (847)-525-2282

    CallText

Sold By Barr Agency, Inc

Property Details for 306-310 North Wolf Road

Area
Wheeling
Township
Wheeling
Air Conditioning Type
Central Air, Central Individual
Zoning
COMMR
LISTING CLOSED: 11/20/2024 12:00 AM

Property Details for 306-310 North Wolf Road

StatusClosed
MLS #12179257
Days on Market17
Taxes$33,559 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial Sale
Year Built1979
Lot Size0.30 AC / 13,278 SF
CountyCook County
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Location

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Building Information for 306-310 North Wolf Road

Stories2Residences4Year Built1979Lot Size0.30 AC / 13,278 SF

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$5,084 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,287

Property Taxes

$2,797

HOA Dues

$0

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Property Information for 306-310 North Wolf Road

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Northwest Suburban
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Estimated Tax/Sf: 0
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Central Individual
  • Electric: Separate Meters, Other
  • Flooring: Carpet, Concrete
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • Misc Inside: Elevator/s Passenger,Accessible Washroom/s,Inside Corridor/s,Multi-Tenant,Overhead Door/s,Storage Inside,Pre-wired PC Network
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Lot Dimensions: 132.78X100
  • Lot Size Square Feet: 13278.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Other
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5000
  • # Of Offices: 14
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Office and Research, Retail
  • Docks: Drive-in Doors
  • Public Document Count: 3
  • Document Date: 2024-10-03T00:34:36
  • Photos Count: 42
  • Estimated Cam/Sf: 0
Miscellaneous
  • Current Use: Commercial
  • Location: Mixed Use Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $1,540.00
  • Fuel Expense: $2,576.00
  • Gross Income: $1,350.00
  • Gross Scheduled Income: $16,200.00
  • Insurance Expense: $968.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Actual
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 1350
  • Water Expense Source: Owner Projection
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $305.00
  • Trash Expense: $585.00
  • Water Sewer Expense: $510.00

Property History for 306-310 North Wolf Road

DateEvent & SourcePriceAppreciation
Nov 20, 2024

Sold

MRED #12179257

$450,000—
Oct 18, 2024

Pending

MRED #12179257

—
Oct 18, 2024

Contingent

MRED #12179257

—
DateEvent & SourcePrice
11/20/2024

Sold

MRED #12179257

$450,000
10/18/2024

Pending

MRED #12179257

—
10/18/2024

Contingent

MRED #12179257

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 306-310 North Wolf Road

This home is within Wheeling Central Consolidated School District 21.
Rating
School
Type
Grades
Distance
Eugene Field Elementary School
Public - PK to 5
Jack London Middle School
Public - 6 to 8
Wheeling High School
Public - 9 to 12
Vanguard School
Public - 9 to 12
Rating
School
Distance
Eugene Field Elementary School
PublicPK to 5

Jack London Middle School
Public6 to 8

Wheeling High School
Public9 to 12

Vanguard School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/20/2024 05:49 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.