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Logan Square Retail Space Available
For Lease
$34 SF/Yr

2320 N Milwaukee Avenue, Chicago, IL 60647

Hard corner retail space in high-traffic Logan Square location.

Space SizeContact for details
Days on Market841

Property Features for 2320 N Milwaukee Avenue

General Information

Standard status Active
Property subtype Commercial

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1940
Listing Agency: BROOKLINE REAL ESTATE LLC
Listed By: DOMINICK CANNATA · License #00000
Source: Corcoran
Added: Apr 23, 2024 Changed: Aug 8 Last Checked: Aug 8 at 12:01PM

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 BROOKLINE REAL ESTATE LLC

Investment Insights

Based on property information with market context.

This hard corner street retail space is located on Milwaukee Avenue in Logan Square. The clean shell unit includes a full basement suitable for storage or offices. The property features frontage and signage opportunities on both Milwaukee and Belden Avenues. Power has been upgraded to 400 AMPS. Street parking is available on both sides of the property. The location is on a high-traffic, urban business corridor, one block from the CTA Blue Line stop at California Avenue and one block from two CTA bus stops. It is also located five blocks from I-90/94. The surrounding area is a high-income area densely populated with residential neighborhoods.

Key Highlights

  • Prime hard corner location on Milwaukee Avenue in Logan Square with frontage and signage on both Milwaukee and Belden Avenues.
  • Located one block from the CTA Blue Line California stop, offering excellent public transportation access.
  • Upgraded 400 AMP power supply, suitable for various business needs.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Nursing Home HVAC Service Tanning Salon Accounting Firm Fish Market Mobile Phone Store

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

Lease Details

NNN (Triple Net)
Lease Type
$5.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,093
Businesses Nearby
155k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 60% Dining 32% Home Improvements & Furnishings 4% Electronics 3%
Dollar Tree Shops & Services
21,431 visits/mo 0.2 miles
Chase Bank Shops & Services
16,483 visits/mo 0.3 miles
PNC Bank Shops & Services
10,614 visits/mo 0.5 miles
Wendy's Dining
10,230 visits/mo 0.2 miles
BP Shops & Services
9,224 visits/mo 0.5 miles

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 SF
Avg Space Size

This space is priced 32% above the average of $25.68 /SF/Yr.

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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Frequently Asked Questions

What type of property is this?
Retail space - Hard corner retail space in high-traffic Logan Square location.
Where is this retail space located?
The property is located at 2320 N Milwaukee Avenue Chicago, IL.
What is the lease rate?
The lease rate is $34 SF/Yr.
What are key features of this property?
This property features: Prime hard corner location on Milwaukee Avenue in Logan Square with frontage and signage on both Milwaukee and Belden Avenues.; Located one block from the CTA Blue Line California stop, offering excellent public transportation access.; Upgraded 400 AMP power supply, suitable for various business needs.
More about this property
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