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    1223 N Milwaukee Ave Chicago, IL 60642

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    For Lease
    $45 SF/Yr

    2000 sq ft restaurant space in a high-demand Chicago location.

    Property Features for 1223 N Milwaukee Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1894
    Source: Corcoran

    Listing Agent: Barry Kadish

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

    Overview

    Restaurant Space in Prime Location

    This is a built-out 2000 sq. ft. restaurant space located in a high-demand area of Chicago. The space is currently configured as a pizza restaurant and includes black iron.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Casa Bonita Real ... Real Estate Rental Agency Red Star Cobbler Shoe Repair Shop Bugaj Architects Architecture Firm Experienced Messenger Services Courier Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Similar Places Nearby

    Elite Personal Chefs, Jordan's Food of Distinction, Simply Elegant Catering, Zullo's Corporate Catering, Private Chefs Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6670388
    Latitude
    41.9040578

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    FAQs

    What type of property is this?
    Restaurant - 2000 sq ft restaurant space in a high-demand Chicago location.
    Where is this restaurant located?
    The property is located at 1223 N Milwaukee Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: - Built-out 2000 Sq. ft. Restaurant, ready for your concept.; - Hottest location in Chicago, offering incredible visibility.; - Presently a pizza place, but suitable for various cuisines.
    (248) 971-0306
    Request Owner's contact information
    1223 N Milwaukee Ave Chicago, IL 60642
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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
    1223 N Milwaukee Ave Chicago, IL 60642
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