Milwaukee Avenue Retail Space
For Lease
$25 SF/Yr NNN
2118 Milwaukee Ave, Chicago, IL 60647
2118 N Milwaukee Ave - 2,160 - 4,320 SF of Retail Space Available in Chicago, IL 60647
Space Size4,250 SF
Days on Market147
Property Features for 2118 Milwaukee Ave
General Information
Standard status
Active
Property type
Retail properties & Spaces
Size
4,250 SF
Class
A
Total Parking Spaces
5
Elevators
No
Lease Type
NNN
Lease Term
5+ Years
Rate Type
Yearly
Building Details
Year Built
1980
Year Renovated
2026
Buildings
1
Stories
1
Listing Agency:
(312) 446-5018
Listed By:
Michael
(312) 446-5018
Added: Mar 27
Changed: Apr 8
Investment Insights
Based on property information with market context.
Located on Milwaukee Avenue in Chicago, Illinois, this retail space offers between 2,160 and 4,320 square feet. The property is situated across the street from the Congress Theater, which is scheduled for full renovation. A new Tony's Fresh Market is slated for construction across from the property in the summer of 2026. The building itself will undergo full renovation, including new storefronts. The property features 4,250 square feet of clear span space, divisible into two 2,125-square-foot spaces. The C2-1 zoning allows for a multitude of uses, including medical and dental offices, restaurants, daycares, hair salons, pilates studios, veterinary clinics, dog grooming and sales, tattoo shops, and various other retail and office uses. The owner can accommodate special plumbing requirements with a new concrete floor. Free rent, tenant improvement allowance, and stepped-up rent options are available. A flexible lease structure will be considered, offering a great opportunity for businesses looking to establish themselves in a thriving area. The building is highly visible.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,718
Businesses Nearby
171k
Monthly Visits Nearby
Explore this area
Business Placement
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
$25.6 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
11,935 SF
Avg Space Size
This space is priced 2% below the average of $25.6 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - 2118 N Milwaukee Ave - 2,160 - 4,320 SF of Retail Space Available in Chicago, IL 60647
Where is this retail property located?
The property is located at 2118 Milwaukee Ave Chicago, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
