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    5217 N Milwaukee Ave Chicago, IL 60642

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    For Sale
    $2,850,000

    8,870 RSF retail strip center with high visibility.

    Property size:
    8,870 SF
    Lot size:
    0.07 Acres

    Property Features for 5217 N Milwaukee Ave

    General Information

    Size
    8,870 SF
    Lot size
    0.07 Acres

    Source: Jameson Commercial Agent Steven Goldstein

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

    Overview

    Retail Strip Center For Sale

    This 8,870 square foot retail strip center is available for sale, marking its first time on the market in 25 years. The property benefits from high visibility and is 100% occupied. A long-term lease is in place with Firestone Corporation, which has been a community presence for over 25 years. The location offers significant signage opportunities and parking for 23 vehicles. Situated at a busy stoplight corner across from Walgreens, the property benefits from its strategic positioning. Firestone occupies 6,827 square feet, featuring 10 service bays and a small office, with a lease extending through December 1, 2029, and multiple extension options. Jurassa Kabab occupies 2,043 square feet with a lease through July 31, 2029, and extension options.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bridgestone Tire Shop

    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
    -87.7668841
    Latitude
    41.9752604

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    FAQs

    What type of property is this?
    Strip mall - 8,870 RSF retail strip center with high visibility.
    Where is this strip mall located?
    The property is located at 5217 N Milwaukee Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: - 100% Occupancy: Provides immediate and consistent income stream.; - Anchored by Firestone: Long-term lease with a nationally recognized tenant ensures stability.; - Prime Location: Unparalleled location with exceptional demographics and high visibility.
    (312) 216-8000
    Request Owner's contact information
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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
    5217 N Milwaukee Ave Chicago, IL 60642
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