Flood zone per the FEMA National Flood Hazard Layer; transit and park distances are approximate straight-line. Verify flood status with FEMA and current service with the CTA / Metra.
231 N Milwaukee Ave is a 1,648 SF two-story freestanding mixed-use building offered vacant with its adjoining paved side lot. The two parcels total 12,596 SF (0.29 acre), with 100 feet of frontage on Milwaukee Avenue (US 45 / IL 21). IDOT counted 24,300 vehicles per day on Milwaukee Avenue in 2025. Cook County carries the building as Class 2-12 mixed-use commercial/residential. It has a storefront first floor with finished living quarters above. Immediate occupancy. The storefront first floor has two front rooms with large street-facing display windows fitted with merchandise grids. Other features include track lighting, an entry vestibule with alarm keypad, a middle room with wood-look plank flooring, a kitchen area with sink, and a half bath. The second floor is finished, with an open main room, a second room facing Milwaukee Avenue, a full bath with tub and shower, and a laundry room. A door opens to the balcony over the entry. The balcony has its own exterior stair down to the parking lot. Central air, boiler heat, partial basement, and a detached garage at the rear of the paved lot. A Pace bus stop (Routes 272 and 234) is at the property. Zoning is B-3 General Commercial and Office District, Village of Wheeling, where general retail, restaurant, personal service, medical office (including dental and chiropractic), general office, business service and artist studio are permitted by right; bank, health clinic, day care, health club and tavern are among 59 special uses. The B-3 use table lists no dwelling use: buyer to verify residential occupancy of the second floor, and every intended use, with the Village of Wheeling. Walgreens, Fresh Farms International Market, Chase, Benihana, Scooter's Coffee and the Dundee Road restaurant cluster are within a quarter mile. Wheeling Metra is 1.8 miles away, Chicago Executive Airport 2.3 miles and I-294 at Lake Cook Road 3.9 miles. The building parcel is outside the FEMA Special Flood Hazard Area (Cook County parcel data, 2024). Building size (1,648 SF, Cook County Assessor), lot size and all other figures are from public record or the seller and must be verified by the buyer, including real estate taxes and the 2025 Cook County reassessment.