Restaurant Space in Prime
For Lease
$45 SF/Yr
1223 N Milwaukee Avenue, Chicago, IL 60642
2000 Sq. Ft. restaurant space in Chicago's hottest location.
Space SizeContact for details
Days on Market864
Property Features for 1223 N Milwaukee Avenue
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$38,815
Building Details
Year Built
1894
Listing Agency:
JAMESON COMMERCIAL
Listed By:
BARRY KADISH · License #475148869
(248) 971-0306
Source:
Corcoran
Added: Apr 23, 2024
Changed: Mar 16
Last Checked: Aug 26 at 9:50AM
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 JAMESON COMMERCIAL
Investment Insights
Based on property information with market context.
This is a built-out 2000 square foot restaurant space situated in a highly desirable Chicago location. The space is currently configured as a pizza restaurant and includes black iron.
Key Highlights
- Built out 2000 Sq. ft. Restaurant, presently a pizza place.
- Hottest location in Chicago!
- Features Black Iron.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,645
Businesses Nearby
251k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Groceries 26%
Shops & Services 20%
Home Improvements & Furnishings 12%
Jewel-Osco
Groceries
65,395 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
31,134 visits/mo
0.2 miles
Wendy's
Dining
29,664 visits/mo
0.2 miles
BP
Shops & Services
17,264 visits/mo
0.5 miles
BP
Shops & Services
13,250 visits/mo
0.2 miles
Demographics for 60642, IL
21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$27.54 /SF/Yr
Avg Asking Price
$16–$55 /SF/Yr
Price Range
14,266 SF
Avg Space Size
This space is priced 63% above the average of $27.54 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Similar Off Market Nearby
- Hospitality 201 — 744 N Damen Ave suite b, Chicago, IL 60622
- Jordan's Food of Distinction — 1551 W Thomas St, Chicago, IL 60622
- CMM Catering — Chicago, IL 60642
- Bires & Friedler Catering — 1938 W Division St, Chicago, IL 60622
- Drinks On Me Chicago — 1229 N North Branch St Suite 103, Chicago, IL 60642
Frequently Asked Questions
What type of property is this?
Restaurant - 2000 Sq. Ft. restaurant space in Chicago's hottest location.
Where is this restaurant located?
The property is located at 1223 N Milwaukee Avenue 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, presently a pizza place.; Hottest location in Chicago!; Features Black Iron.
