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Milwaukee Avenue Development Opportunity
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1072 North Milwaukee Avenue, Chicago, IL 60642

Restaurant or residential development opportunity in Milwaukee Corridor.

Property SizeContact for details
Days on Market139

Property Features for 1072 North Milwaukee Avenue

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: CBRE | Chicago
Listed By: Tom Svoboda
Source: Cbre
Added: Mar 25 Changed: Aug 8 Last Checked: Jul 16 at 3:47AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This property is suitable for continued use as a restaurant. It is located in the Milwaukee Corridor, which connects downtown to neighborhoods such as Bucktown, Wicker Park, and Logan Square. The property's C1-3 zoning allows for the by-right development of 14 residential units. The location offers proximity to CTA Blue Line stations, multiple bus routes, I-90, and provides quick access to Downtown.

Key Highlights

  • C1‑3 Zoning allows for development of 14 residential units, by‑right
  • Perfectly situated for continued use as a restaurant**
  • Located in the Milwaukee Corridor

Property Analytics

Current Use

LSU Chicago Alumni ... Community Center Frontier Restaurant

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon Adult Day Care Clothing & Fashion Store Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,877
Businesses Nearby
110k
Monthly Visits Nearby
Balanced
Demand for This Use

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 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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  • Zullo's Corporate Catering 1103 w grand ave, chicago, il 60642
  • Wild Onion Chicago 1752 W Grand Ave, Chicago, IL 60622

Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant or residential development opportunity in Milwaukee Corridor.
Where is this restaurant located?
The property is located at 1072 North Milwaukee Avenue Chicago, IL.
What are key features of this property?
This property features: C1‑3 Zoning allows for development of **14 residential units, by‑right**; Perfectly situated for continued use as a restaurant**; Located in the Milwaukee Corridor
More about this property
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