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    2323 N Milwaukee Ave Chicago, IL 60642

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    For Sale
    $3,750,000

    Commercial property on Milwaukee Avenue near popular establishments and transportation.

    Property size:
    12,500 SF
    Lot size:
    0.14 Acres

    Property Features for 2323 N Milwaukee Ave

    General Information

    Size
    12,500 SF
    Lot size
    0.14 Acres

    Source: Strauss Realty, Ltd. Agent Adam Schneiderman

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

    Overview

    Milwaukee Avenue Commercial Property For Sale

    This commercial property is located on the Milwaukee Avenue commercial corridor, near bars, restaurants, and entertainment venues. Nearby businesses include Daisies, The Chicago Diner, Cole’s Bar, Slippery Slope, Emporium Arcade Bar, Easy Does It, and Gaslight Coffee Roasters. The California Blue Line L-stop is a 4-minute walk away. Milwaukee Avenue sees 12,400 vehicles per day. The property size is 12,500 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Jack Storage Units ... Self-Storage Facility Revolution Brewing - Brewpub Brewpub

    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
    -87.6980556
    Latitude
    41.9236822

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    FAQs

    What type of property is this?
    Retail space - Commercial property on Milwaukee Avenue near popular establishments and transportation.
    Where is this retail space located?
    The property is located at 2323 N Milwaukee Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: - Prime location on the high-traffic Milwaukee Avenue commercial corridor.; - High visibility with 12,400 vehicles passing daily.; - Walking distance (4 minutes) to the California Blue Line L-stop.
    (847) 826-4467
    Request Owner's contact information
    2323 N Milwaukee Ave 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
    2323 N Milwaukee Ave Chicago, IL 60642
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