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Former Grocery Store Retail Building
For Lease
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5820 N Milwaukee Ave, Chicago, IL 60646

Freestanding storefront with loading dock, freight elevator, and two curb cuts on Milwaukee Ave.

Space Size15,184 SF
Lot Size0.69 Acres
Days on Market774

Property Features for 5820 N Milwaukee Ave

General Information

Standard status Active
Size 15,184 SF
Total Parking Spaces 40
Lot size 0.69 Acres
Property subtype RETAIL
Zoning B3-1
Lease Type Modified Gross

Site & Location

Traffic Count 13,622 vehicles/day
Highway Access Yes
Road Access Yes

Spaces For Lease

at 5820 N Milwaukee Ave Contact us

5820 N Milwaukee Ave $15.50/SF/Yr

Floor
Bldg
Size
15,184 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- 15,184 SF commercial building - Former grocery store with loading dock and freight...
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Listing Agency: Millennium Properties Real Estate
Listed By: Susan B. Silver · License #475136992
Source: Moodyscre
Added: Jul 29, 2024 Changed: Aug 16 Last Checked: Sep 10 at 6:58AM

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 Millennium Properties Real Estate

Investment Insights

Based on property information with market context.

This 15,184 SF commercial building was formerly used as a grocery store and includes a loading dock and freight elevator for freight handling. In addition to the main floor, the property offers 4,000 SF of basement and mezzanine space. Parking is provided for up to 40 vehicles, and the building sits on a lot totaling 29,862 SF.

The property features 150 feet of frontage on Milwaukee Ave with excellent visibility and two curb cuts for convenient access. It is described as having easy access to I-94 Edens and I-90 Kennedy expressways, with a daily traffic count of 13,622 vehicles. Nearby businesses include a Chase Bank and numerous neighborhood shops and restaurants.

The property is zoned B3-1, which should be reviewed for tenant and use fit. Parking, loading, and substantial interior space make this a practical option for retailers seeking a ready-built footprint.

Key Highlights

  • 15,184 SF freestanding commercial building, former grocery store, with loading dock and freight elevator
  • 4,000 SF basement and mezzanine plus parking for 40 vehicles
  • 150' frontage on Milwaukee Ave with two curb cuts for access

Property Analytics

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Current Use

Center for COVID Care ... Medical Laboratory Jefferson Park Free ... Medical Laboratory

Suggested Use

Top Pick Barber Shop Acupuncture Cosmetic Store Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

13,622 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.32 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,197
Businesses Nearby
54k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 55% Dining 45%
McDonald's Dining
23,016 visits/mo 0.5 miles
Mobil Shops & Services
15,210 visits/mo 0.5 miles
Chase Bank Shops & Services
10,303 visits/mo 0.1 miles
Fifth Third Bank & ATM Shops & Services
2,550 visits/mo 0.2 miles
Public Storage Shops & Services
1,567 visits/mo 0.5 miles

Demographics for 60646, IL

28,383
Population
11,636
Households
2.4
Avg Household Size
44
Median Age
58%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
6,451
Density / Sq Mi
$111,115
Median Household Income
$66,105
Median Earnings
$1,241
Median Rent
$493,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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
Rey
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Similar Off Market Nearby

  • Andy's Deli & Mikolajczyk Sausage Shop Inc 5442 N Milwaukee Ave, Chicago, IL 60630
  • Shop & Save Market 6312 N Nagle Ave, Chicago, IL 60646

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Freestanding storefront with loading dock, freight elevator, and two curb cuts on Milwaukee Ave.
Where is this grocery and convenience store located?
The property is located at 5820 N Milwaukee Ave Chicago, IL.
What is the lease rate?
The lease rate is $15.50 SF/Yr.
What are key features of this property?
This property features: 15,184 SF freestanding commercial building, former grocery store, with loading dock and freight elevator; 4,000 SF basement and mezzanine plus parking for 40 vehicles; 150' frontage on Milwaukee Ave with two curb cuts for access
(312) 338-3001 Call to check price and availability
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