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Retail Space Near Blue Line
For Lease
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1401 N Milwaukee Ave, Chicago, IL 60622

Retail opportunity on Milwaukee Avenue near established retailers and convenient public transit access.

Space Size1,500 SF
Days on Market56

Property Features for 1401 N Milwaukee Ave

General Information

Standard status Active
Size 1,500 SF
Property subtype RETAIL
Lease Type NNN

Additional Details

Highway Access Yes

Spaces For Lease

at 1401 N Milwaukee Ave
1401 N Milwaukee Ave $4,500/Mo
Floor 1
Size 1,500 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Area retailers include Kanela Breakfast Club, The Ordinary, Walgreens, Reckless Records, The Bar Method, Levi’s, Urban Outfitters and much more. - Blue Lines at Damen and Division are both 8-minute walks away. - 5 minute drive to I-90.
Contact us
Listing Agency: Strauss Realty, Ltd.
Listed By: Craig Wolf · License #475163046
Source: Moodyscre
Added: Aug 24 Changed: Oct 7 Last Checked: Oct 16 at 10:02AM

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 Strauss Realty, Ltd.

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Investment Insights

Based on property information with market context.

This 1500-square-foot retail space is located at 1401 N Milwaukee Ave in Chicago. The surrounding retail mix includes Kanela Breakfast Club, The Ordinary, Walgreens, Reckless Records, The Bar Method, Levi’s, and Urban Outfitters.

Both Damen and Division Blue Line stations are an 8-minute walk from the property. Interstate access is also nearby, with a 5-minute drive to I-90.

Key Highlights

  • 1500‑square‑foot retail space at 1401 N Milwaukee Ave
  • Nearby retailers include Walgreens, Levi’s, Urban Outfitters, and Reckless Records
  • Damen and Division Blue Line stations are both an 8‑minute walk away

Property Analytics

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Current Use

The Ordinary. DECIEM The Abnormal ... Cosmetic Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Carpet & Flooring Store Butcher Adult Day Care Bed & Breakfast

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
Highway access
NNN (Triple Net)
Lease Type
$5.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,152
Businesses Nearby
377k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 39% Shops & Services 20% Groceries 17% Apparel 9%
Jewel-Osco Groceries
65,395 visits/mo 0.2 miles
Barnes & Noble Shops & Services
48,824 visits/mo 0.4 miles
Lowe's Home Improvements & Furnishings
31,134 visits/mo 0.2 miles
Wendy's Dining
29,664 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
11,777 visits/mo 0.4 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$25.24 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,899 SF
Avg Space Size

This space is priced 43% above the average of $25.24 /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

Frequently Asked Questions

What type of property is this?
Retail space - Retail opportunity on Milwaukee Avenue near established retailers and convenient public transit access.
Where is this retail space located?
The property is located at 1401 N Milwaukee Ave Chicago, IL.
What is the lease rate?
The lease rate is $4,500/Mo.
What are key features of this property?
This property features: 1500‑square‑foot retail space at 1401 N Milwaukee Ave; Nearby retailers include Walgreens, Levi’s, Urban Outfitters, and Reckless Records; Damen and Division Blue Line stations are both an 8‑minute walk away
(847) 989-9653 Call to check price and availability
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