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    1215 N Milwaukee Ave Chicago, IL 60642

    For Lease
    $29 SF/Yr

    Restaurant space in high-traffic West Town location with existing infrastructure.

    Property Features for 1215 N Milwaukee Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1942

    Source: INTER-CITY REALTY, INC. Agent MARIA JERUSALIMIEC

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

    Overview

    West Town Restaurant Space Available

    This 2,800 square foot restaurant space is located in the heart of West Town. The space features a 20-foot hood, countertops, and two walk-in coolers. Central air conditioning is installed, and the property includes two public restrooms, plus an additional employee bathroom. The interior has all-ceramic flooring. The property is located in a high-traffic area with excellent visibility and significant pedestrian flow. Public transportation is conveniently accessible on Milwaukee Avenue, Ashland Avenue, and Division Street, with a Division Blue Line Station and Lime E-Scooter Hub nearby. The I-90-94 Kennedy Expressway is also close. The property is positioned directly across from the Polish Triangle Plaza.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Bird’s Jamaican ... Jamaican Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Bires & Friedler Catering, CMM Catering, Jordan's Food of Distinction, Hospitality 201, Drinks On Me Chicago

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6668049
    Latitude
    41.9039074

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space in high-traffic West Town location with existing infrastructure.
    Where is this restaurant located?
    The property is located at 1215 N Milwaukee Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in high-traffic 'West Town' area, directly across from 'Polish Triangle Plaza', offering unparalleled exposure.; - Fully equipped restaurant space (2,800 sf.) with 20' hood, countertops, and two walk-in coolers.; - Excellent accessibility via public transportation (Milwaukee Ave, Ashland Ave, Division St) including Division Blue Line Station and Lime E-Scooter Hub.
    Request Owner's contact information
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    Chicago, IL 60642
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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
    1215 N Milwaukee Ave Chicago, IL 60642
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