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Clear-Span Office Units
For Lease
$22 SF/Yr

2118 N Milwaukee Avenue, Chicago, IL 60647

Column-free commercial space with rear parking and a divisible layout for office use.

Space Size2,125 SF - 4,250 SF
Days on Market541

Property Features for 2118 N Milwaukee Avenue

General Information

Standard status Active
Size 2,125 SF - 4,250 SF
Net Rentable 4,250 SF
Total Parking Spaces 5
Zoning COMMR

Space & Availability

Available Space 2,125-4,250 SF
Contiguous Space 4,250 SF
Divisible Yes

Taxes and HOA fees

Annual Taxes $17,470

Building Details

Year Built 1990
Stories 1
Units 2
Listing Agency: Chicago Real Estate Resources
Listed By: Michael Weaver
Source: Ozmentrealestate
Added: Feb 28, 2025 Changed: Aug 10 Last Checked: Aug 23 at 12:13PM

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 Chicago Real Estate Resources

Investment Insights

Based on property information with market context.

This rentable office property provides 4,250 square feet of clear-span space without interior posts or columns. The layout can be divided into two 2,125-square-foot sections, offering flexibility within the existing building. Five parking spaces are located behind the property.

The property is positioned across from the Congress Theater, which received TIF funds for a 2025 renovation. It also faces a large parcel identified as the future site of a Trader Joe’s. The building was constructed in 1990.

Key Highlights

  • 4,250 square feet of clear‑span office space
  • Can be divided into two 2,125‑square‑foot sections
  • Five parking spaces positioned at the rear

Property Analytics

Current Use

Stayyy.com Animal Training

Suggested Use

Top Pick Nursing Home Fish Market Butcher Clothing & Fashion Store Carpet & Flooring Store Accounting Firm

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
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,718
Businesses Nearby

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

$29.31 /SF/Yr
Avg Asking Price
$6.8–$133 /SF/Yr
Price Range
13,714 SF
Avg Space Size

This space is priced 25% below the average of $29.31 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Column-free commercial space with rear parking and a divisible layout for office use.
Where is this office units located?
The property is located at 2118 N Milwaukee Avenue Chicago, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 4,250 square feet of clear‑span office space; Can be divided into two 2,125‑square‑foot sections; Five parking spaces positioned at the rear
More about this property
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