Logan Square Freestanding
2252 N Milwaukee Avenue, Chicago, IL 60647
10,739 SF building in Chicago's Logan Square neighborhood.
Type:Commercial/Industrial
Property size:
10,739 SFLot size:
0.25 AcresPrice / SF:
$228/SF- Added:
- Mar 11, 2026
- Days on Market:
- 73
- Last Refresh:
- Apr 5 at 8:24 pm
Property Features for 2252 N Milwaukee Avenue
General Information
- Standard status
- Active
- Size
- 10,739 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1967
Listing agent Susan Silver License #475136992
Listing office Millennium Properties RE, Inc. (312) 338-3000
Listing date Mar 11, 2026
Source Exitrealty
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 Millennium Properties RE, Inc.
HighLights
- High‑visibility corner location on Milwaukee Avenue and St. George Court in Logan Square.
- Freestanding 10,739 square foot building on a 10,989 square foot site.
- Located in a rapidly evolving, dense urban neighborhood with strong demographics.
- Easy access to I‑90 expressway.
- Proximity to public transportation, restaurants, boutiques, entertainment, nightlife, recreation, and parks.
- Located in Logan Square, only 5 miles northwest of the Loop.
Overview
Located in the Logan Square neighborhood of Chicago, Illinois, this freestanding building offers 10,739 square feet of space on a 10,989 square foot site. Situated on a heavily trafficked corner of Milwaukee Avenue and St. George Court, the property benefits from high visibility and convenient access to the I-90 expressway. The surrounding neighborhood features a dense urban population with strong demographics. Logan Square, located 5 miles northwest of the Loop, is a rapidly evolving area characterized by a mix of historically significant buildings and new commercial and residential developments. As one of Chicago's oldest communities, the neighborhood provides easy access to public transportation and is home to numerous restaurants, boutiques, and a wide array of entertainment, nightlife, recreation options, and parks.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.65M
NOI $148,572 @ 9.00% cap · cautious / downside scenario
Moderate
$2.12M
NOI $148,572 @ 7.00% cap · market / base-case scenario
Aggressive
$2.97M
NOI $148,572 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $232.0k | $21.60 |
| − Vacancy | −$19.7k | −$1.84 |
| EGI | $212.2k | $19.76 |
| − OpEx | −$63.7k | −$5.93 |
| NOI | $148.6k | $13.83 |
10,739 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$2.12M
$1.86M – $2.48M
NOI $148,572 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.06M
$4.43M – $5.91M
NOI $354,439 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dollar Tree
Discount Store
Similar Places Nearby
- bou•K — 1830 N Milwaukee Ave Suite C, Chicago, IL 60647
- Flowerlife, Inc. — 2001 N Oakley Ave, Chicago, IL 60647
- A Tree Grows In Brooklyn — 2001 N Oakley Ave, Chicago, IL 60647
- Xo Design Co. — 2101 N Western Ave, Chicago, IL 60647
- Linda's Flowers — 2439 W Armitage Ave, Chicago, IL 60647
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6959
- Latitude
- 41.9217
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - 10,739 SF building in Chicago's Logan Square neighborhood.
Where is this storefront property located?
The property is located at 2252 N Milwaukee Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: High‑visibility corner location on Milwaukee Avenue and St. George Court in Logan Square.; Freestanding 10,739 square foot building on a 10,989 square foot site.; Located in a rapidly evolving, dense urban neighborhood with strong demographics.
