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Prime Bucktown Retail Opportunity
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2118 N Milwaukee Avenue, Chicago, IL 60647

4,250 SF retail space in thriving Milwaukee Avenue Corridor.

Space Size2,125 SF
Property Size4,250 SF
Days on Market983

Property Features for 2118 N Milwaukee Avenue

General Information

Standard status Active
Size 2,125 SF
Property subtype Retail

Building Details

Building Size 4,250 SF
Year Built 1980
Tenancy Multiple

Spaces For Lease

at 2118 N Milwaukee Avenue Contact us

Available Space

Size
2,125 SF
Type
Retail
Lease Type
Net
Availability
Active
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Listing Agency: Chicago Real Estate Resources Inc
Listed By: Michael Weaver · License #IL 471015806
Source: Crexi
Added: Dec 16, 2023 Changed: Aug 18 Last Checked: Aug 24 at 6:14PM

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 Inc

Investment Insights

Based on property information with market context.

This 4,250 square foot property is located in the Bucktown/Palmer Square neighborhood of Chicago, across from the Congress Theater on Milwaukee Avenue. The space, formerly occupied by Gillman Ace Hardware for over four decades, is suitable for a number of businesses such as medical and dental offices, restaurants, daycare centers, salons, and clinics. The building's clear span construction eliminates the need for interior columns, offering flexible layout options. The space can be divided into two 2,125 square foot units. Logan Square and Palmer Square are prime locations for businesses seeking retail space, offering vibrant commercial areas and convenient public transportation access.

Key Highlights

  • Prime location on Milwaukee Avenue Corridor in Bucktown/Palmer Square, Chicago.
  • Large 4,250 square foot space suitable for various businesses.
  • Clear span construction with no interior columns, offering flexible layout options.

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

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

$25.66 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,377 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Retail space - 4,250 SF retail space in thriving Milwaukee Avenue Corridor.
Where is this retail space located?
The property is located at 2118 N Milwaukee Avenue Chicago, IL.
What are key features of this property?
This property features: Prime location on Milwaukee Avenue Corridor in Bucktown/Palmer Square, Chicago.; Large 4,250 square foot space suitable for various businesses.; Clear span construction with no interior columns, offering flexible layout options.
More about this property
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