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    2620 N Milwaukee Ave Chicago, IL 60647

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    For Lease
    Contact for pricing

    Retail space with full lower level, near public transit.

    Property size:
    1,986 SF
    Lot size:
    0.07 Acres

    Property Features for 2620 N Milwaukee Ave

    General Information

    Size
    1,986 SF
    Lot size
    0.07 Acres

    Source: Mid-America Real Estate Group | Chicago Agent Paul Bryant

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

    Overview

    Renovated Retail Space Near Transit

    The property offers 1,968 square feet of ground floor retail space with a full lower level available for storage. The landlord is currently renovating the retail space and building, with an expected completion date at the end of Q1 2023. Renovations include a new tenant-designed storefront. The property is located adjacent to the Grace’s Furniture Building Redevelopment by Blue Star Properties, known for projects such as Thalia Hall, Dusek’s, and Longman & Eagle. The Grace’s Furniture Building Redevelopment is slated to include new food and beverage concepts by Blue Star Properties, as well as a Chicago Athletic Club, with an estimated delivery date of Q4 2023. Situated across the street from the CTA Blue Line Logan Square Station, the location benefits from approximately 2 million annual riders. The space is suitable for a cocktail bar or a small café or restaurant.
    Insight Report Location Intelligence

    Current Use by Public Records

    Logan Square Subway Station

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.7082348
    Latitude
    41.9292449

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    FAQs

    What type of property is this?
    Retail space - Retail space with full lower level, near public transit.
    Where is this retail space located?
    The property is located at 2620 N Milwaukee Ave Chicago, IL.
    What are key features of this property?
    This property features: - Adjacent to Grace’s Furniture Building Redevelopment by Blue Star Properties (Thalia Hall, Dusek’s, Longman & Eagle); - Across the street from the CTA Blue Line Logan Square Station with 2M riders annually; - Landlord currently renovating retail space/building for end of Q1 2023 delivery, including new tenant designed storefront
    (630) 954-7327
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    2620 N Milwaukee Ave Chicago, IL 60647
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    Chicago, IL 60647
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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
    2620 N Milwaukee Ave Chicago, IL 60647
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