Building Details

Year Built 2017

Tenancy Multiple

Spaces For Lease

at 1240 N Milwaukee Ave Contact us

Available Space

Size

1,254 SF

Type

Retail

Lease Type

NNN

Availability

Active

Contact us

Listing Agency: Miller Chicago

Listed By: Andrea Miller · License #IL 471016960 Show Phone

Source: Crexi

Added: Mar 18 Changed: Aug 25 Last Checked: Sep 3 at 1:51AM

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Investment Insights

Based on property information with market context.

This listing offers 1,254 sq ft of retail/office space in the heart of Wicker Park. The space is suited for businesses that want a storefront presence with flexible use between retail and office operations.

The surrounding area includes a mix of shopping, dining, boutiques, and vintage retailers, with nearby examples such as Daebak Korean BBQ, Rudy's Ramen, Jewel-Osco, Luxo Nail Spa, Great Clips, and Chopin Theatre. The area is described as having a high level of foot traffic, with a Walk Score of 99 and a traffic count of over 9,500 vehicles per day.

Ideal for tenants seeking a compact storefront configuration with both retail and office utility, this space supports visibility to both pedestrians and vehicles in a dense neighborhood retail corridor.

Key Highlights

• 1,254 sq ft retail/office space in the heart of Wicker Park
• Walk Score of 99 with foot traffic support from nearby shopping, dining, and boutiques
• Traffic count of over 9,500 vehicles per day

Property Analytics

Property Profile

Current Use

Tobacco CBD Glass (Bike/Boat/Book/etc) Store Inferno Smokes - Bucktown (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Nursing Home Carpet & Flooring Store Adult Day Care Tanning Salon Fish Market Pet Grooming Service

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

9,500 VPD

Traffic count

NNN (Triple Net)

Lease Type

$4.35 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

4,459

Businesses Nearby

320k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 42% Groceries 20% Shops & Services 14% Home Improvements & Furnishings 10%

Jewel-Osco Groceries

65,395 visits/mo 0.1 miles

Lowe's Home Improvements & Furnishings

31,134 visits/mo 0.1 miles

Wendy's Dining

29,664 visits/mo 0.1 miles

BP Shops & Services

13,250 visits/mo 0.4 miles

Popeyes Louisiana Kitchen Dining

11,777 visits/mo 0.2 miles

Demographics for 60622, IL

55,075

Population

27,630

Households

2

Avg Household Size

33

Median Age

73%

College-Educated

94%

High-School Grad

2.5 sq mi

ZIP Area

22,030

Density / Sq Mi

$124,852

Median Household Income

$76,180

Median Earnings

$1,932

Median Rent

$622,900

Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.62 /SF/Yr

Avg Asking Price

$8–$133 /SF/Yr

Price Range

9,516 SF

Avg Space Size

This space is priced 5% above the average of $27.62 /SF/Yr.

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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - 1,254 sq ft retail/office space with high walkability and strong nearby neighborhood retail activity.

Where is this retail space located?

The property is located at 1240 N Milwaukee Ave Chicago, IL.

What is the lease rate?

The lease rate is $29 SF/Yr.

What are key features of this property?

This property features: 1,254 sq ft retail/office space in the heart of Wicker Park; Walk Score of 99 with foot traffic support from nearby shopping, dining, and boutiques; Traffic count of over 9,500 vehicles per day