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    5820 N Milwaukee Ave Chicago, IL 60646

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    For Sale
    Contact for pricing

    15,184 SF commercial building, former grocery store with parking.

    Property size:
    15,184 SF
    Lot size:
    0.56 Acres

    Property Features for 5820 N Milwaukee Ave

    General Information

    Size
    15,184 SF
    Lot size
    0.56 Acres

    Source: Millennium Properties Real Estate Agent Susan B. Silver

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

    Overview

    Commercial Building on Milwaukee Avenue

    This 15,184 square foot commercial building, formerly a grocery store, includes a loading dock and freight elevator. The property features a 4,000 square foot basement and mezzanine. Parking is available for 40 vehicles. The building has 150 feet of frontage on Milwaukee Avenue, offering excellent visibility and two curb cuts. It provides easy access to I-94 Edens and I-90 Kennedy expressways. Nearby businesses include a new Chase Bank and numerous neighborhood shops and restaurants. The land area is 29,862 square feet. Traffic count is 13,622 vehicles daily. The taxes for 2022 were $13,705.87. The zoning is B3-1.
    Insight Report Location Intelligence

    Current Use by Public Records

    Center for COVID Care ... Medical Laboratory Jefferson Park Free ... Medical Laboratory

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Shop & Save Market, Andy's Deli & Mikolajczyk Sausage Shop Inc

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.778912
    Latitude
    41.9873756

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    FAQs

    What type of property is this?
    Grocery and convenience store - 15,184 SF commercial building, former grocery store with parking.
    Where is this grocery and convenience store located?
    The property is located at 5820 N Milwaukee Ave Chicago, IL.
    What are key features of this property?
    This property features: - High-visibility location with **150’ frontage on Milwaukee Ave** and two curb cuts.; - Convenient access to I-94 Edens and I-90 Kennedy expressways.; - Substantial **15,184 SF commercial building** with loading dock and freight elevator.
    (312) 338-3000
    Request Owner's contact information
    5820 N Milwaukee Ave Chicago, IL 60646
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    Chicago, IL 60646
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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
    5820 N Milwaukee Ave Chicago, IL 60646
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