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    2327 N Milwaukee Ave Chicago, IL 60647

    For Lease
    $25 SF/Yr

    Rehabilitated retail space in Logan Square with high visibility.

    Property Features for 2327 N Milwaukee Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1909

    Source: YBRS REALTY INC. Agent SAGAR SHAH

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Logan Square Renovated Retail Gem

    Located in Logan Square, this fully rehabilitated 12,500 square foot property on Milwaukee Avenue features 50 feet of frontage and C1 zoning. Renovated in 2018, the two-floor space includes 16'+ ceilings and exposed brick walls. The property is located adjacent to Revolution Brewery, offering high visibility and foot traffic. The comprehensive renovation included new plumbing, electric, roof, elevator, windows, and a dock door, along with a fully usable basement. The C-1 Zoning permits a variety of uses, including clinics, daycare, health clubs, dining establishments with liquor licenses, and retail ventures. The ownership group is open to negotiations on rental terms, potential buildouts, and additional arrangements. This rebuilt establishment offers revitalized infrastructure and potential for businesses seeking a presence in the community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Great Northern Cannabis ... Cannabis Store EMJAY Cannabis Delivery ... Cannabis Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6981976
    Latitude
    41.9237692

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    FAQs

    What type of property is this?
    Retail space - Rehabilitated retail space in Logan Square with high visibility.
    Where is this retail space located?
    The property is located at 2327 N Milwaukee Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Fully rehabilitated 12,500 sq ft building with 50 ft of frontage on Milwaukee Avenue in Logan Square.; - **Prime location adjacent to Revolution Brewery, ensuring high visibility and foot traffic.**; - Comprehensive renovation in 2018 including new plumbing, electric, roof, elevator, windows, and dock door.
    (847) 757-2777
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    2327 N Milwaukee Ave Chicago, IL 60647
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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
    2327 N Milwaukee Ave Chicago, IL 60647
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