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Storefront Retail and Office Building
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1223 N Milwaukee Ave, Chicago, IL 60642

Three retail units on the first floor plus office space with a kitchenette on the second floor.

Space SizeContact for details
Property Size4,100 SF
Days on Market967

Property Features for 1223 N Milwaukee Ave

General Information

Standard status Active
Size 4,100 SF
Property subtype RETAIL
Lease Type SF/yr

Amenities

kitchenette

Building Details

Stories 2
Building Size 4,100 SF
Tenancy Multi

Spaces For Lease

at 1223 N Milwaukee Ave Contact us

1223 N Milwaukee Ave $35/SF/Yr

Contact us
Listing Agency: Jameson Commercial
Listed By: Barry Kadish · License #475148869
Source: Moodyscre
Added: Dec 11, 2023 Changed: Jul 31 Last Checked: Aug 3 at 10:28AM

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 Jameson Commercial

Investment Insights

Based on property information with market context.

This storefront retail and office building offers 4,100 square feet of flexible space with retail on the first floor and office space on the second floor. The first floor is divided into three distinct retail units, supporting separate leasing opportunities or a mix of uses. On the second floor, there is a spacious 2,500 square feet of office space and a convenient kitchenette.

Located at 1223 N Milwaukee Ave in Chicago’s Wicker Park, the property sits adjacent to a busy six-corner intersection, supporting strong visibility and pedestrian traffic.

The layout is designed to accommodate businesses that benefit from combining customer-facing retail space with dedicated office functionality within the same building.

Key Highlights

  • 4,100 SF storefront retail and office building
  • First floor split into three distinct retail units
  • Second floor includes 2,500 SF office space

Property Analytics

Current Use

Casa Bonita Real ... Real Estate Agency Red Star Cobbler (Bike/Boat/Book/etc) Store Bugaj Architects Construction Company Experienced Messenger Services Courier Service

Suggested Use

Top Pick Nursing Home Adult Day Care (Bike/Boat/Book/etc) Store Fish Market Tanning Salon Butcher

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,527
Businesses Nearby
Balanced
Demand for This Use

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$26.48 /SF/Yr
Avg Asking Price
$0.92–$133 /SF/Yr
Price Range
3,957 SF
Avg Space Size

This space is priced 32% above the average of $26.48 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Storefront property - Three retail units on the first floor plus office space with a kitchenette on the second floor.
Where is this storefront property located?
The property is located at 1223 N Milwaukee Ave Chicago, IL.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: 4,100 SF storefront retail and office building; First floor split into three distinct retail units; Second floor includes 2,500 SF office space
(312) 502-5297 Call to check price and availability
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