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    1539 N Milwaukee Ave Chicago, IL 60642

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    For Lease
    Contact for pricing

    Single-tenant building with frontage and courtyard in vibrant location.

    Property size:
    5,296 SF
    Lot size:
    0.14 Acres

    Property Features for 1539 N Milwaukee Ave

    General Information

    Size
    5,296 SF
    Lot size
    0.14 Acres

    Source: Mid-America Real Estate Group | Chicago Agent Greg Bayer

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

    Overview

    Bucktown Retail Space with Courtyard

    This 5,296 square-foot single-tenant building features 50 feet of frontage along Milwaukee Avenue. The space offers dramatic volume with 19-foot exposed ceiling heights. Substantial landlord renovations are underway, including extensive interior and exterior work. A 715 square-foot outdoor courtyard opportunity includes a 14 x 21 foot skylight above. The property can accommodate bar/restaurants, entertainment, and retail uses. Located in Chicago’s Bucktown & Wicker Park Neighborhoods, the area is known for its nightlife, fashion, restaurants, bars, and music venues. The property benefits from 24/7 activity at the six-corner intersection of Milwaukee, North and Damen Avenues. It is located amongst the top CTA rail stations with 2.2 million riders per year to the intersection. The combined Vehicle Per Day count is 49,300. The property offers exceptional branding potential as one of the few single-level, single-tenant buildings in the market. A 715 square-foot four-season courtyard with a 14 x 21 foot skylight above is currently under construction.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6757828
    Latitude
    41.9096

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    FAQs

    What type of property is this?
    Retail space - Single-tenant building with frontage and courtyard in vibrant location.
    Where is this retail space located?
    The property is located at 1539 N Milwaukee Ave Chicago, IL.
    What are key features of this property?
    This property features: - High-traffic location at the six-corner intersection of Milwaukee, North and Damen Avenues in Bucktown/Wicker Park, with 49,300 combined V.P.D. and 2.2M CTA riders annually.; - Substantial Landlord renovations underway, including extensive interior and exterior work.; - **5,296 SF single-tenant building with 50' of frontage, offering exceptional branding potential.**
    (630) 954-7327
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    1539 N Milwaukee Ave Chicago, IL 60642
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    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
    1539 N Milwaukee Ave Chicago, IL 60642
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