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    3101 N Milwaukee Ave Chicago, IL 60647

    Picture of Retail space at N Milwaukee Ave 3101, Chicago, IL
    For Lease
    $17 SF/Yr

    Restaurant - Chicago, IL

    Days on Market:
    87
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 3101 N Milwaukee Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Cooling system
    Central Air, Exhaust Fan (Cooling)

    Building Details

    Year built
    2023
    Number of units
    1
    Flooring type
    Vinyl
    Architectural style
    Other

    Troy Realty LTD (773) 792-3000 [email protected]

    Listing agent Andrzej Olszowka (773) 792-3000 License #475160900

    Listing date Sep 18, 2025

    MLS# 12476008 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

    Logan Square Retail/Restaurant Opportunity

    This property presents an opportunity to lease retail, restaurant, spa, or office space in Logan Square, situated at the base of The 3101 Wilmot luxury apartments. The location benefits from high traffic, surrounded by various restaurants and retail stores along Milwaukee Ave. The newly constructed space features a vanilla finish, offering a customizable interior for a tenant's specific business needs. Equipped with black iron and alley loading, it is suited for a restaurant or bar. The space can also function as a retail store or office. Located near the Target Mega Store in Logan Square, the property benefits from high visibility. The surrounding area's foot traffic and customer base make the space suitable for various businesses, offering flexibility for a tenant to create a space that meets their specific business requirements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7209074
    Latitude
    41.9376045

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    FAQs

    What type of property is this?
    Retail space - Prime retail or restaurant space in high-traffic Logan Square location.
    Where is this retail space located?
    The property is located at 3101 N Milwaukee Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in high-traffic Logan Square area near Milwaukee Ave and Target Mega Store.; - Ideal for retail, restaurant, spa, or office use.; - Equipped with black iron and alley loading, perfect for a restaurant or bar.
    (773) 792-3000
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    Chicago, IL 60647
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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
    3101 N Milwaukee Ave Chicago, IL 60647
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