Landmark Bakery & Deli - Iconic Business & Real Estate Opportunity on Restaurant Row, Wheeling! Discover an extraordinary business and real estate opportunity in the heart of Wheeling's thriving Restaurant Row along Milwaukee Avenue - one of the area's most recognized and heavily trafficked corridors, with over 30,000 cars passing daily! For more than 43 years, Chicago Bagel & Bialy has been a beloved community landmark and a profitable business known for its quality, tradition, and loyal clientele. In 2024 alone, the business reported over ONE MILLION dollars in gross sales (as shown on tax returns). The seller is now retiring, ready to pass on this legacy to its next proud owner. Situated on a 32,000 sq. ft. parcel (approx. 3/4 acre), this free-standing 3255 sq. ft. building offers tremendous flexibility and visibility. With 30 parking spaces, spacious indoor dining for 40+ guests, and a charming outdoor seating area for an additional 40+ clients, this fully equipped restaurant is designed for carry-out, dine-in, catering, and expansion opportunities, including the potential addition of a drive-thru. The state-of-the-art kitchen includes a 30-pan Middleby Marshall rotating oven with six shelves, two walk-in coolers, a walk-in freezer, extensive prep and packaging areas, retail display cases, refrigeration units, and all the fixtures needed to continue smooth operations from day one. Additional highlights include a two-car attached garage, office, storage areas, three restrooms, and security & sprinkler systems throughout. Strategically positioned near major traffic drivers such as Fresh Farms International Market, Superdawg, and Walgreens, this property's exposure and accessibility make it an unbeatable investment. The location's zoning and layout also offer versatility - ideal for future conversion to retail, mixed-use, wholesale production, or other commercial ventures. An adjacent 1/4-acre parcel owned by the Village of Wheeling may also be available for expansion discussions, presenting even more possibilities for growth. This is a once-in-a-generation opportunity to own both a highly profitable business and prime real estate in one of Chicago's most recognized dining destinations. Whether you're an investor, restaurateur, or entrepreneur looking to expand your brand - this is the property you've been waiting for. For private showings and financials, please contact the listing broker directly. Do not disturb the business or employees.
Details
MLS #
12503562
Listing Type
For Sale
Style
Bus / Bus W/real Est
Building Name
CHICAGO BAGEL & BIALY
Sub-Type
Resale
Status
Active Under Contract
Days On Site
296
Listing Provided By
RE/MAX At Home | Basel Tarabein
Features
SQ Feet
3,255
Story(s)
1
Zoning
COMMR
Interior
Cooling
Central Air
Exterior
Roof
Membrane
Construction Materials
Brick
Utilities
Utilities
Natural Gas Available
Electric
Service - 201 to 600 Amps
Taxes
Tax Year
2023
Tax Annual Amount
76599
Area Information
State
IL
County
Cook
City
Wheeling
Zip Code
60090
Area
Wheeling
Sourced by Back At You
MLS Number: 12503562
Basel Tarabein – (847) 255-1970
RE/MAX At Home – (847) 255-1000 – baseltarabein@remax.net
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MLS Number: 12503562
Basel Tarabein – (847) 255-1970
RE/MAX At Home – (847) 255-1000 – baseltarabein@remax.net
