For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

3278 N Milwaukee Ave Chicago, IL 60618

For Sale
$18,000,000

3.28 acre site suitable for mixed-use development in Avondale.

Lot size:
3.28 Acres

Property Features for 3278 N Milwaukee Ave

General Information

Standard status
Active
Lot size
3.28 Acres

Source: STRAUSS REALTY LTD Agent ADAM SCHNEIDERMAN

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


Overview

Avondale Development Opportunity: 3.28 Acres

This is a 3.28-acre parcel in Avondale, bordered by Pulaski Road, Belmont Avenue, and Milwaukee Avenue. The site is suited for a higher-density, mixed-use development that could include residential units, a grocery store, restaurants, bars, entertainment venues, or a lifestyle center with community-focused retail. Formerly home to industrial buildings, small businesses, and auto-related uses, the site is now largely vacant. Zoning changes to allow for four- to five-story buildings have been supported. There is strong community support for redevelopment, with the shared goal of transforming the "Belmont Triangle" into a vibrant, mixed-use destination. A 2022 survey revealed that most respondents access the site by walking or driving, and expressed strong interest in open spaces along with dining and retail options. In 2022, the Department of Planning and Redevelopment designed three schemes. The site offers accessibility and exposure, with easy access to transportation including I-90/94, the Belmont Blue Line station, and the Irving Park Metra station. The surrounding neighborhood features a mix of community assets such as schools, churches, and a range of active retail establishments. Nearby tenants include Las Islas Marias, Walgreen's, CVS, HR Block, BP Gas, ATT Store, McDonald's, PNC Bank, shops, laundry and dining. The population within 1 mile is 44,014 with 17,021 households and average household income of $97,116. Development incentives include eTOD, NOF, TIF, LIHTC, federal subsidies grants and loans, Cook County Tax Incentives for Class 7A, 7B and L properties.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

H Wellness Massage ... Massage Therapist

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
-87.726606
Latitude
41.9404876

FAQs

What type of property is this?
Commercial land - 3.28 acre site suitable for mixed-use development in Avondale.
Where is this commercial land located?
The property is located at 3278 N Milwaukee Ave Chicago, IL.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: - Prime 3.28-acre development site suitable for a high-density, mixed-use project in the heart of Avondale.; - Strong community support and previous alderman approval for zoning changes allowing 4-5 story buildings.; - Excellent accessibility and exposure with high traffic counts and proximity to I-90/94, Belmont Blue Line, and Irving Park Metra station.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message