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Retail Space

2053 N Milwaukee Avenue, Chicago, IL 60647

For Lease
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Retail space is available within an existing commercial building.

Space Size10,536 SF
Property Size25,473 SF
Days on Market29

Property Features for 2053 N Milwaukee Avenue

General Information

Standard status Active
Size 10,536 SF
Net Rentable 10,536 SF
Property subtype Retail

Space & Availability

Available Space 10,536 SF
Contiguous Space 10,536 SF
Space Use Retail

Lease Terms

Lease Rate $55 /SF/YR
Monthly Rent $48,290
Rent per SF/Year $55

Site & Location

Neighborhood Logan Square

Building Details

Year Built 1965
Building Size 25,473 SF

Spaces For Lease

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#1 Active

Size 10,536 SF
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Available Space Active

Size 10,536 SF
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Listing Agency: Axis Realty, Inc.
Listed By: Dino Geroulis · License IL #475122818
Source: Crexi
Added: Oct 15 Changed: Nov 10 Last Checked: Nov 12 at 8:25AM

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 Axis Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

A 10,536 SF retail space is offered for lease within a 25,473 SF building constructed in 1965. The property is at 2053 N Milwaukee Avenue in Chicago.

Key Highlights

  • 10,536 SF of retail space available for lease
  • 25,473 SF building constructed in 1965
  • Located at 2053 N Milwaukee Avenue in Chicago

Property Analytics

Current Use

Private Parking Lot Parking Lot & Garage

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Fish Market Butcher Clothing & Fashion Store Carpet & Flooring Store

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
$8.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,718
Businesses Nearby
171k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 52% Dining 44% Home Improvements & Furnishings 2% Beauty & Spa 1%
McDonald's Dining
43,397 visits/mo 0.3 miles
Dollar Tree Shops & Services
21,431 visits/mo 0.3 miles
Chase Bank Shops & Services
16,483 visits/mo 0.2 miles
PNC Bank Shops & Services
10,614 visits/mo 0.3 miles
Wendy's Dining
10,230 visits/mo 0.3 miles

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.04 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,446 SF
Avg Space Size

This space is priced 120% above the average of $25.04 /SF/Yr.

Average Price Trend$/SF/Yr for Retail space in Chicago, IL

$25.69 Jul
$27.1 Aug
$26.09 Sep
$24.57 Oct

Properties on Market for Retail space in Chicago

Jul
Aug
Sep
Oct

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 space is available within an existing commercial building.
Where is this retail space located?
The property is located at 2053 N Milwaukee Avenue Chicago, IL.
What are key features of this property?
This property features: 10,536 SF of retail space available for lease; 25,473 SF building constructed in 1965; Located at 2053 N Milwaukee Avenue in Chicago
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