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    2909 N Milwaukee Ave Chicago, IL 60618

    For Lease
    $40 SF/Yr

    Restaurant - Chicago, IL

    Days on Market:
    53
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 2909 N Milwaukee Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    6
    Roof type
    Membrane
    Architectural style
    Other

    Kale Realty (312) 939-5253 [email protected]

    Listing agent Nicholas Katsafados (312) 939-5253 License #471008557

    Listing date Oct 22, 2025

    MLS# 12279041 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Restaurant Space in Avondale

    Located in the rapidly developing Avondale neighborhood, near Logan Square in Chicago, this property presents an opportunity for restaurant or retail ventures. The building, situated on the first commercial stretch of Avondale off Milwaukee Avenue, has recently undergone complete renovations, complementing extensive street remodeling in the area. The location is a short walk from the Logan Blue Line at the Spaulding entrance and is adjacent to a newly renovated theater, near establishments such as Deep Red, Mothers Ruin, The Void, Loaf Lounge, The Brewed, and The Insect Asylum. The building's facade offers curb appeal, with the potential for a two-concept business. Zoned B3, the space is suited for a restaurant or speakeasy concept. Upgrades include separate water meters, 6-inch water lines, a garbage room, two ADA-compliant bathrooms, 400-amp tri-phase electric, 16-foot ceiling exposed brick walls, a fully sprinkled building, and a recessed facade suitable for outside tables. A high-ceiling basement provides an additional estimated 1200 square feet of space. The vanilla box side is usable as retail, office or cafe with the option to merge it with the restaurant side. Note: Restaurant pictures are renderings of what could be.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Logan Oyster Socials, CMB Catering, Dat Slush

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.715436
    Latitude
    41.934309

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    FAQs

    What type of property is this?
    Restaurant - Mergeable restaurant or retail spaces in up-and-coming Avondale neighborhood.
    Where is this restaurant located?
    The property is located at 2909 N Milwaukee Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in up-and-coming Avondale, steps from Logan Square and a newly renovated theater, near popular establishments.; - Completely renovated building with major upgrades including separate water meters, 6-inch water lines, and 400-amp tri-phase electric.; - Mergeable or stand-alone units offering flexibility for a two-concept business.
    (312) 939-5253
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    Chicago, IL 60618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2909 N Milwaukee Ave Chicago, IL 60618
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