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Prime Development Site in Chicago

3278-3280 N Milwaukee Ave Chicago, IL

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For Sale
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Excellent accessibility and exposure for mixed-use development.

Type:LAND
Lot size:
3.28 Acres
Added:
May 29, 2025
Days on Market:
408
Last Refresh:
May 19 at 10:33 pm

Property Features for 3278-3280 N Milwaukee Ave

General Information

Standard status
Active
Lot size
3.28 Acres
Property subtype
LAND

Listing office Strauss Realty, Ltd.

Listing date May 29, 2025

Source Moodyscre

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 Strauss Realty, Ltd.


Investment Insights

Based on property information with market context.

This site offers outstanding accessibility and exposure, with convenient access to transportation options including I-90/94, the Belmont Blue Line station, and the Irving Park Metra station. The location benefits from high traffic counts, with Pulaski Road seeing 20,200 vehicles per day, Belmont Avenue seeing 16,000 vehicles per day, and Milwaukee Avenue seeing 17,500 vehicles per day. The surrounding neighborhood features a mix of community assets such as schools, churches, and a range of active retail establishments, reinforcing the site’s potential for impactful mixed-use development. Nearby tenants include Walgreens, BP Gas, CVS, Las Islas Marias, HR Block, AT&T Store, McDonald’s, and PNC Bank, along with various shops, laundry facilities, and dining options. Development incentives are available, including eTOD, NOF, TIF, LIHTC, federal subsidies grants and loans, and Cook County Tax Incentives for Class 7A, 7B and L properties. The population within a 1-mile radius is 44,014, with 17,021 households and an average household income of $97,116.

Key Highlights

  • High average household income of $97,116 within a 1‑mile radius.
  • Excellent accessibility via I‑90/94, Belmont Blue Line, and Irving Park Metra station.
  • Availability of development incentives including eTOD, NOF, TIF, LIHTC, and Cook County Tax Incentives.

Property Analytics

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Nursing Home Nursing Home (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Bed & Breakfast (Bike/Boat/Book/etc) Store Fish Market (Bike/Boat/Book/etc) Store Accounting Firm

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

FAQs

What type of property is this?
Land - Excellent accessibility and exposure for mixed-use development.
Where is this land located?
The property is located at 3278-3280 N Milwaukee Ave Chicago, IL.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: High average household income of $97,116 within a 1‑mile radius.; Excellent accessibility via I‑90/94, Belmont Blue Line, and Irving Park Metra station.; Availability of development incentives including eTOD, NOF, TIF, LIHTC, and Cook County Tax Incentives.
Contact an agent
(847) 826-4467 Call to check price and availability
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