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Retail Space with High Ceilings
For Lease
Contact for pricing

3970-3982 N Milwaukee Ave, Chicago, IL 60641

Retail space available on a high-traffic corner with shared building signage and rooftop and surface parking.

Space Size24,400 SF
Days on Market859

Property Features for 3970-3982 N Milwaukee Ave

General Information

Standard status Active
Size 24,400 SF
Net Rentable 24,400 SF
Property subtype RETAIL

Space & Availability

Available Space 24,400 SF
Contiguous Space 24,400 SF

Amenities

Shared Building Signage

Spaces For Lease

at 3970-3982 N Milwaukee Ave Contact us

3970-3982 N Milwaukee Ave

Floor
1
Size
24,400 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
• 24,400 SF Available for Lease • 11’ Ceiling Height • Shared Building Signage •...
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Listing Agency: Mid-America Real Estate Group | Chicago
Listed By: Mike Phillips · License #471016010
Source: Moodyscre
Added: Apr 16, 2024 Changed: Aug 14 Last Checked: Aug 21 at 2:26PM

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 Mid-America Real Estate Group | Chicago

Investment Insights

Based on property information with market context.

Retail space is available for lease with 24,400 SF of building area and an 11’ ceiling height designed to support a variety of retail concepts. Shared building signage is available, and the building includes both rooftop and surface parking for customer convenience. The building is scheduled to be completely renovated.

The location benefits from approximately +60,000 VPD at the intersection, supporting strong visibility for retail users.

This opportunity offers a ready-to-improve retail setting with meaningful ceiling height and practical parking/access features, paired with a comprehensive renovation plan.

Key Highlights

  • 24,400 SF available for lease
  • 11’ ceiling height
  • +60,000 VPD at the intersection

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Hotel & Motel Skin Care Clinic (Bike/Boat/Book/etc) Store Nursing Home

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,996
Businesses Nearby
199k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 36% Apparel 33% Dining 29% Home Improvements & Furnishings 1%
Marshalls Apparel
50,242 visits/mo 0.2 miles
Culver's Dining
23,761 visits/mo 0.2 miles
Dollar Tree Shops & Services
23,411 visits/mo 0.2 miles
dd's DISCOUNTS Shops & Services
19,227 visits/mo 0.1 miles
Chipotle Mexican Grill Dining
15,781 visits/mo 0.1 miles

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available on a high-traffic corner with shared building signage and rooftop and surface parking.
Where is this retail space located?
The property is located at 3970-3982 N Milwaukee Ave Chicago, IL.
What are key features of this property?
This property features: 24,400 SF available for lease; 11’ ceiling height; +60,000 VPD at the intersection
(630) 954-7358 Call to check price and availability
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