Newly Constructed Gas
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1048 S Milwaukee Ave, Chicago, IL 60090
Fueling and convenience retail operation with a 100% Absolute NNN lease.
Property Size3,678 SF
Lot Size1.63 Acres
Price / SF$790.10
Days on Market13
Property Features for 1048 S Milwaukee Ave
General Information
Standard status
Active
Size
3,678 SF
Class
A
Total Parking Spaces
8
Lot size
1.63 Acres
Property subtype
Retail
Zoning
B-3 (General Commercial)
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$181,599
Site & Location
Traffic Count
27,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2021
Buildings
1
Tenancy
Multi
Listing Agency:
ParaSell Inc
(949) 942-6585
Listed By:
Scott Reid · License #REC.2020005946
Source:
Crexi
Added: Jul 28
Changed: Aug 9
Last Checked: Aug 9 at 11:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ParaSell Inc
Investment Insights
Based on property information with market context.
Built in 2021, the property combines a 3,678 SF convenience store with a fueling operation on 1.63 acres. The site provides 16 fueling positions and 2 diesel pumps, with fuel supplied under the Shell brand. An Azada Grill Mexican restaurant is also located on the property, adding an additional operating component to the site.
The property occupies a hard corner with frontage on US 45, which carries 27,600 VPD, and is adjacent to Chicago Executive Airport. Zoned B-3 (General Commercial), the asset is leased on a 100% Absolute NNN basis with no landlord responsibilities. More than 15 years remain on the current term, followed by four 5-year renewal options. Contractual rent escalations are set at 1.25% annually.
The property occupies a hard corner with frontage on US 45, which carries 27,600 VPD, and is adjacent to Chicago Executive Airport. Zoned B-3 (General Commercial), the asset is leased on a 100% Absolute NNN basis with no landlord responsibilities. More than 15 years remain on the current term, followed by four 5-year renewal options. Contractual rent escalations are set at 1.25% annually.
Key Highlights
- 3,678 SF convenience store and fueling facility on a 1.63 AC lot
- 16 fueling positions and 2 diesel pumps
- Hard‑corner site fronting US 45 with 27,600 VPD
Property Analytics
Current Use
Lease Details
27,600 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,877
Businesses Nearby
110k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 34%
Electronics 2%
Beauty & Spa 1%
Wendy's
Dining
29,664 visits/mo
0.4 miles
BP
Shops & Services
13,250 visits/mo
0.3 miles
Dunkin' Donuts
Dining
12,619 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
11,777 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,249 visits/mo
0.4 miles
Demographics for 60090, IL
39,017
Population
15,960
Households
2.4
Avg Household Size
39
Median Age
40%
College-Educated
88%
High-School Grad
9.0 sq mi
ZIP Area
4,335
Density / Sq Mi
$83,449
Median Household Income
$45,436
Median Earnings
$1,578
Median Rent
$243,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Fueling and convenience retail operation with a 100% Absolute NNN lease.
Where is this gas station located?
The property is located at 1048 S Milwaukee Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,906,000.
What are key features of this property?
This property features: 3,678 SF convenience store and fueling facility on a 1.63 AC lot; 16 fueling positions and 2 diesel pumps; Hard‑corner site fronting US 45 with 27,600 VPD
