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Avondale Retail Space on Milwaukee

3069 N Milwaukee Avenue, Chicago, IL 60647

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For Sale

$300,000

1300 SF retail space with 70 feet frontage.

Type:Commercial

Property size:

1,300 SF

Price / SF:

$230/SF

HighLights

High‑visibility location with 70 feet of frontage on Milwaukee Avenue in a thriving commercial district.
Priced at $2700/month, offering exceptional value.
13‑foot ceiling height suitable for various retail concepts.
Proximity to public transit (Belmont CTA Blue Line and Milwaukee Ave. CTA Bus Stop).
Located near established businesses such as Staropolska Restaurant, Poke Okie, Walgreens, Dunkin', Magnifico Coffee Roasters and Aldi's.
Includes central heat and AC, and a bathroom.

We can help!

Listing Contact

BORIS DUKACH

For Sale

$300,000

1300 SF retail space with 70 feet frontage.

Type:Commercial

Property size:

1,300 SF

Price / SF:

$230/SF

Added:: Dec 24, 2025
Days on Market:: 174
Last Refresh:: Apr 5 at 9:18 pm

Property Features for 3069 N Milwaukee Avenue

General Information

Standard status: Active
Size: 1,300 SF
Property subtype: Commercial

Building Details

Year Built: 2022

We can help!

Listing Contact

BORIS DUKACH

Listing agent BORIS DUKACH License #475000025

Listing office CORE REALTY & INVESTMENTS, INC

Listing date Dec 24, 2025

Source Corcoran

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 CORE REALTY & INVESTMENTS, INC

HighLights

High‑visibility location with 70 feet of frontage on Milwaukee Avenue in a thriving commercial district.
Priced at $2700/month, offering exceptional value.
13‑foot ceiling height suitable for various retail concepts.
Proximity to public transit (Belmont CTA Blue Line and Milwaukee Ave. CTA Bus Stop).
Located near established businesses such as Staropolska Restaurant, Poke Okie, Walgreens, Dunkin', Magnifico Coffee Roasters and Aldi's.
Includes central heat and AC, and a bathroom.

Overview

Located in Avondale, this 1,300 square foot retail space features 70 feet of frontage on Milwaukee Avenue. The property has a ceiling height of 13 feet and smooth concrete floors. The unit includes central heat and air conditioning, and a bathroom. The retail space was previously used as a finished studio entertainment space. It is near the Belmont CTA Blue Line Station and the Milwaukee Avenue CTA Bus Stop. Nearby establishments include Staropolska Restaurant, Poke Okie, Walgreens, Dunkin', Magnifico Coffee Roasters, and Aldi's. Attached garage parking is available for additional lease or sale cost for up to 4 additional spaces. The property will be delivered as is.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$28.1k	$21.60
− Vacancy	−$2.4k	−$1.84
EGI	$25.7k	$19.76
− OpEx	−$7.7k	−$5.93
NOI	$18.0k	$13.83

1,300 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$256.9K

$224.8K – $299.8K (±1% cap)

NOI $17,985 @ 7.0% cap · market cap 6.00%

Second Best

—

no second resolved use

Theoretical Best

Office A

$612.9K

$536.3K – $715.1K (±1% cap)

NOI $42,906 @ 7.0% cap · market cap 14.30%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Studio Morale Hotel & Motel

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.7202
Latitude: 41.937

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For sale
Retail space
IL
Chicago
60647
3069 N Milwaukee Avenue

What type of property is this?

Retail space - 1300 SF retail space with 70 feet frontage.

Where is this retail space located?

The property is located at 3069 N Milwaukee Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: High‑visibility location with 70 feet of frontage on Milwaukee Avenue in a thriving commercial district.; Priced at $2700/month, offering exceptional value.; 13‑foot ceiling height suitable for various retail concepts.