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    3174 N Milwaukee Ave Chicago, IL 60618

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    For Lease
    $25 SF/Yr

    Corner retail building in Avondale with parking and outdoor space.

    Property Features for 3174 N Milwaukee Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1929

    Source: JOHN C. WALL Agent JOHN WALL

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

    Overview

    Corner Retail Building with Parking

    This corner retail building offers an excellent lease opportunity in Chicago, Illinois. Situated just south of the Belmont and Milwaukee Avenue intersection, the property is located in the up-and-coming Avondale neighborhood. The building features approximately 5,600 rentable square feet. An additional 4,000 square feet of outdoor space is available on the site, suitable for parking or other uses, with capacity for 12 or more cars. The space is currently in raw condition, and the landlord will provide a vanilla box upon delivery. This property is suitable for various businesses, including a restaurant or bar, daycare, cafe, fitness studio, or real estate office. The space is divisible from 1,250 to 5,600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Realm Raptors Manufacturer ... Law Firm

    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
    -87.7233229
    Latitude
    41.9384397

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    FAQs

    What type of property is this?
    Retail space - Corner retail building in Avondale with parking and outdoor space.
    Where is this retail space located?
    The property is located at 3174 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: - Corner retail building in up-and-coming Avondale neighborhood.; - Onsite parking or outdoor space (4,000 sq ft, 12+ cars).; - 5,600 sq ft rentable space.
    (773) 525-7080
    Request Owner's contact information
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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
    3174 N Milwaukee Ave Chicago, IL 60618
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