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Warehouse on Multi-Parcel Site
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3500 N Milwaukee Ave, Chicago, IL 60641

Warehouse property zoned B1-1, offering neighborhood shopping district flexibility and redevelopment potential.

Property Size24,800 SF
Lot Size0.91 Acres
Days on Market868

Property Features for 3500 N Milwaukee Ave

General Information

Standard status Active
Size 24,800 SF
Lot size 0.91 Acres
Property subtype INDUSTRIAL
Zoning B1-1

Additional Details

Road Access Yes
Listing Agency: SRS Real Estate Partners | Chicago
Listed By: Dan Elliot · License #475132482
Source: Moodyscre
Added: Mar 26, 2024 Changed: Jul 30 Last Checked: Aug 9 at 1:53PM

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 SRS Real Estate Partners | Chicago

Investment Insights

Based on property information with market context.

This warehouse property is offered with fee simple interest in a redevelopment-focused site at 3500 N Milwaukee Ave. The land totals approximately 0.91 acres across 7 parcels, with a PropertySize listed as 24,800 square feet.

The site is zoned B1-1: neighborhood shopping district. The zoning allows for a wide range of uses, including potential mixed-use development with residential above retail, or retail development.

The multi-parcel configuration and B1-1 zoning provide a practical framework for buyers exploring redevelopment options along a growing residential corridor within suburban Northwest Chicago.

Key Highlights

  • Approximately 0.91 acres across 7 parcels
  • Zoned B1‑1: neighborhood shopping district
  • Potential mixed‑use development with residential above retail

Property Analytics

Current Use

Star Distributors Big Box & Wholesale Store Star Discount Warehouse Discount Store

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Bed & Breakfast Nursing Home Restaurant

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,312
Businesses Nearby
Balanced
Demand for This Use

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

Vacancy Rate% for Industrial in Chicago, IL

4.9% 2019
5.4% 2020
4% 2021
3.3% 2022
4.5% 2023
4.5% 2024
4.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - Warehouse property zoned B1-1, offering neighborhood shopping district flexibility and redevelopment potential.
Where is this warehouse located?
The property is located at 3500 N Milwaukee Ave Chicago, IL.
What are key features of this property?
This property features: Approximately 0.91 acres across 7 parcels; Zoned B1‑1: neighborhood shopping district; Potential mixed‑use development with residential above retail
(312) 972-7978 Call to check price and availability
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