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    650-692 N Milwaukee Ave Prospect Heights, IL 60070

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    For Lease
    Contact for pricing

    Retail spaces for lease on high-traffic Milwaukee Avenue.

    Property size:
    1,125 SF
    Lot size:
    10.50 Acres

    Property Features for 650-692 N Milwaukee Ave

    General Information

    Size
    1,125 SF
    Lot size
    10.50 Acres

    Source: CBRE | Chicago Agent Les Kristof

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

    Overview

    Retail Spaces on Milwaukee Avenue

    An approximately 1.5-acre outlot is available for lease. Available spaces range in size, including 904 square feet, 1,125 square feet, 2,280 square feet, 2,500 square feet, and 7,326 square feet options. The property is situated on Milwaukee Avenue, a busy thoroughfare, and features multiple access points. The location benefits from a high population density and a daytime population exceeding 20,000 due to the presence of numerous businesses in the area. The intersection experiences over 60,000 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Prospect Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.901287
    Latitude
    42.1302355

    Nearby Similar for Lease

    • Contact for pricing
      904 SF

      Retail Spaces on Milwaukee Avenue

      Retail spaces available for lease on busy Milwaukee Avenue.
      604-698 N Milwaukee Ave, Prospect Heights, IL 60070
      View Details
    • $16 SF/Yr
      1,500 SF

      Retail Space in Prospect Heights

      1,500 sqft retail space in a charming strip center.
      873 E Palatine Rd, Prospect Heights, IL 60090
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces for lease on high-traffic Milwaukee Avenue.
    Where is this retail space located?
    The property is located at 650-692 N Milwaukee Ave Prospect Heights, IL.
    What are key features of this property?
    This property features: - High Traffic Volume: Over 60,000 Vehicles Per Day (VPD) at the intersection.; - High Daytime Population: Over 20,000 people due to surrounding businesses.; - Great Population Density.
    (630) 573-1282
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    Prospect Heights, IL 60070
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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
    650-692 N Milwaukee Ave Prospect Heights, IL 60070
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