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Two-Story Mixed-Use Building
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2821-2823 N Milwaukee Avenue, Chicago, IL 60618

B2-2 zoning accommodates retail, office, and potential upper-floor residential use.

Property Size9,650 SF
Days on Market131

Property Features for 2821-2823 N Milwaukee Avenue

General Information

Standard status Active
Size 9,650 SF
Class B
Property subtype Mixed Use
Zoning B2-2
Investment Type Value Add

Building Details

Year Built 1952
Stories 2
Listing Agency: Baum Realty Group
Listed By: Ari Topper · License #IL 475.132043
Source: Crexi
Added: Apr 22 Changed: Aug 30 Last Checked: Aug 30 at 3:29AM

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 Baum Realty Group

Investment Insights

Based on property information with market context.

This two-story mixed-use building combines ground-floor retail with upper-level office space. The retail component includes approximately 6,000 SF at street level, plus an annex of about 2,000 SF with exposed brick and ceilings exceeding 14 feet. The second floor offers nearly 4,000 SF of open, well-lit office space. Packaged goods, tavern, and sidewalk café licenses are available for transfer to a new owner.

Positioned at 2821-2823 N. Milwaukee Avenue, the property fronts Solidarity Triangle at the Milwaukee, Diversey, and Kimball intersection. Three bus lines stop within one block, while the Logan Square and Belmont CTA Blue Line stations are less than ½ mile away. I-90/94 is approximately ½ mile north. B2-2 zoning allows consideration of multiple future uses, including residential space on the upper floor. A billboard lease runs through 2028 and provides an additional income stream.

Key Highlights

  • Approximately 6,100 SF of land at 2821‑2823 N. Milwaukee Avenue
  • Approximately 6,000 SF of ground‑floor retail plus a ±2,000 SF annex
  • Annex features exposed brick and 14+ foot ceilings

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Nursing Home Tech Support Center Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,697
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - B2-2 zoning accommodates retail, office, and potential upper-floor residential use.
Where is this mixed-use property located?
The property is located at 2821-2823 N Milwaukee Avenue Chicago, IL.
What are key features of this property?
This property features: Approximately 6,100 SF of land at 2821‑2823 N. Milwaukee Avenue; Approximately 6,000 SF of ground‑floor retail plus a ±2,000 SF annex; Annex features exposed brick and 14+ foot ceilings
(312) 751-0300 Call to check price and availability
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