For Auction
Wolf Point Shopping Center | Value-Add Retail | Chicago MSA
Wheeling, IL 60090Represented by
Baum Realty Group
Asset Snapshot
Offering Summary
Investment Highlights:
- 4.66-Acre Land Basis Near PWK Corridor: 202,880 SF site sits within a strong industrial pocket near Chicago Executive Airport (PWK).
- Priced Below Replacement Cost Basis: Site offers redevelopment optionality on a 4.66-acre parcel at a basis under replacement cost.
- 100% Leased, Diversified Tenant Roster: Eight service-oriented tenants span grocery, veterinary, laundry, arcade, and dining uses.
- Significant Below-Market Rent Upside: In-place rents average just $15.91/SF, leaving meaningful room to push through re-leasing.
- High-Traffic Signalized Corner Site: Corner location sees over 15,650 vehicles per day at Camp McDonald and Wolf Roads intersection.
- Multiple Repositioning Business Plans: Options span traditional lease-up, small bay industrial conversion, or full-scale redevelopment.
Offering Summary:
Brokered by Baum Realty Group and powered by RealINSIGHT Marketplace, 1902-1960 S. Wolf Road is a 100% leased, 33,050 SF value-add retail center on a 4.66-acre parcel in Wheeling, Illinois, within the Chicago MSA. The single-story, eight-tenant property is occupied by a diverse roster of local, service-oriented operators, including a grocery store, veterinary hospital, laundromat, arcade, and restaurant, generating in-place NOI of approximately $217,199. In-place rents average $15.91/SF, well below market, creating substantial upside through active leasing alongside targeted capital improvements to the façade, parking lot, landscaping, and signage. Beyond stabilized income, the offering delivers a sizable, well-located land basis with flexibility to pursue partial or full redevelopment, including conversion to small bay industrial given the site's position within a strong industrial corridor near Chicago Executive Airport (PWK).The ±27,123 SF Ascot Shopping Center, located directly across the intersection, is also up for auction on RI Marketplace in the August 19th Event. Contact Broker for more information.
Location:
Positioned at the northwest corner of E. Camp McDonald Road and S. Wolf Road in Wheeling, the center sits directly across the intersection from the Prospect Heights Metra station, a short walk for daily commuters. Chicago Executive Airport (PWK) is a 5-minute drive, O'Hare International Airport is roughly 20 minutes away via I-294, and Restaurant Row along Milwaukee Avenue is nearby.Due Diligence
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
