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Milwaukee Avenue Retail Investment Opportunity
For Lease
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1480-1484 N Milwaukee Ave, Chicago, IL

Prime retail space with secured cashflow in Chicago, Illinois.

Space Size3,267 SF
Lot Size0.14 Acres
Days on Market656

Property Features for 1480-1484 N Milwaukee Ave

General Information

Standard status Active
Size 3,267 SF
Lot size 0.14 Acres
Property subtype RETAIL

Spaces For Lease

at 1480-1484 N Milwaukee Ave Contact us

1482 N Milwaukee Ave

Floor
1
Size
3,267 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
-Surrounded by a unique mix of international, national and local retailers and restaurateurs -Monthly...
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Listing Agency: Mid-America Real Estate Group | Chicago
Listed By: Lara Keene · License #475144046
Source: Moodyscre
Added: Nov 5, 2024 Changed: Aug 8 Last Checked: Aug 23 at 1:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mid-America Real Estate Group | Chicago

Investment Insights

Based on property information with market context.

This property is suitable for conventional restaurants, retail properties, and individual retail purposes. The property is located on Milwaukee Avenue in Chicago, Illinois. The property is 3,100 square feet. The location is near the Robey Hotel and benefits from tourism, flagship retail, and destination restaurants. It offers proximity to transit and superior demographics. This was Cava’s first Illinois location and offers secured cashflow. Cava is the largest Mediterranean QSR chain in the country.

Key Highlights

  • Secured cashflow
  • Unbeatable location + proximity to transit
  • Cava's 1st Illinois location - a flagship Mediterranean QSR chain in the country

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Carpet & Flooring Store Butcher Pet Grooming Service Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,718
Businesses Nearby
366k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 37% Shops & Services 21% Groceries 18% Apparel 9%
Jewel-Osco Groceries
65,395 visits/mo 0.3 miles
Barnes & Noble Shops & Services
48,824 visits/mo 0.3 miles
Lowe's Home Improvements & Furnishings
31,134 visits/mo 0.4 miles
Wendy's Dining
29,664 visits/mo 0.5 miles
Jeni's Splendid Ice Creams Dining
11,621 visits/mo 0.1 miles

Market

Lease Benchmarks for Chicago, IL

$28.81 /SF/Yr
Avg Asking Price
$18–$55 /SF/Yr
Price Range
3,820 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Prime retail space with secured cashflow in Chicago, Illinois.
Where is this conventional restaurant located?
The property is located at 1480-1484 N Milwaukee Ave Chicago, IL.
What are key features of this property?
This property features: Secured cashflow; Unbeatable location + proximity to transit; Cava's 1st Illinois location - **a flagship Mediterranean QSR chain in the country**
(630) 481-4038 Call to check price and availability
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