5540 New Wilke Road, Rolling Meadows, IL 60008 - Photo 1

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1/23

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$698,000 -$86,900 (-11.07%) Price Reduced

For Sale
Active
Commercial
2,450 Sq. Ft.
Updated 1 day ago

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1/23

Property Description

Free Standing Building restaurant. Perfect opportunity for an owner-user to take advantage of a turnkey facility with a spacious well-appointed bistro-style dining adds additional seating and revenue. High volume kitchen equipped with hoods & ample refrigeration. supports off-premise catering and phone-order services! drive-through & Onsite parking for 32 vehicles. BUILDING IS CURRENTLY USED FOR APPROVED GAMINGS AND CITY WILL LIKELY TO APPROVE IT FOR THE NEW OWNER! Total Package Property!! Prime location with so many other possibilities! Priced to sell! As-Is Condition.

Full Property Details

Full Property Details for 5540 New Wilke Rd

General

Price: $698,000
Taxes: $36,378 (2022)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 11997589
Updated: 1/6/2025
Added to Site: 307 day(s) ago

Additional Information

Security/Safety: Alarm on Site

Location

Area: Rolling Meadows
County: Cook
Township: Elk Grove
Driving Directions: Est. 2007 Population: 1-mile Radius 11, 686 3-mile Radius 92, 901 5-mile Radius 275, 442 Est. 2007 Income: 1
Location Details: High Traffic Area

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Central Building Heat

Structural Information

Ceiling Height: 12
Stories/Levels: 1
Square Feet: 2,450
Current Bldg. Use: Commercial
Year Built: 1985

Lot Features

Lot Size (Sq. Ft.): 27,000
Lot Dimensions: 122 x 222
Zoning: RTAIL

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Security Deposit: Alarm On Site
Assessment Year: 1985
Tax Amount: $36,378.2
Tax Year: 2022

Disclosures and Reports

Property ID: 8084030110000

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Schools

Schools serving 5540 New Wilke Rd

School Districts:Township High School District 214, Palatine Community Consolidated School District 15

Name	Grades	Distance
Willow Bend Elementary School 4700 Barker Ave, Rolling Mdws, IL 60008	PK-6	1 mi
Carl Sandburg Junior High School 2600 Martin Ln, Rolling Mdws, IL 60008	7-8	1.5 mi
Rolling Meadows High School 2901 Central Rd, Rolling Mdws, IL 60008	9-12	1 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5540 New Wilke Rd Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/06/2025

Price Reduced

$698,000

-11.07%

MLS

3/06/2024

Listed

$784,900

157.34%

MLS

7/01/2011

Sold

$305,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 5540 New Wilke Rd

Year

Property Taxes

Change

Tax Assessment

Change

2022

$36,378

23%

$124,500

39%

2021

$29,530

$89,640

—

2020

$28,834

11%

$89,640

—

2019

$25,938

$89,640

16%

2018

$24,887

$77,190

—

2017

$24,381

$77,190

—

2016

$22,709

-33%

$77,190

-29%

2015

$33,930

37%

$108,315

33%

2014

$24,825

$81,173

2013

$22,758

-24%

$76,249

-32%

2012

$30,057

—

$112,097

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 5540 New Wilke Rd

5540 New Wilke Road, Rolling Meadows, IL 60008 (MLS# 11997589) is a Commercial property. 5540 New Wilke Road is currently listed for $698,000 and was received on March 06, 2024. Want to learn more about 5540 New Wilke Road? Do you have questions about finding other Commercial real estate for sale in Rolling Meadows? You can browse all Rolling Meadows real estate or contact a Coldwell Banker agent to request more information.

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5540 New Wilke Rd Rolling Meadows, IL 60008