Mixed-Use Development Land
For Sale
$18,000,000
3278 N Milwaukee Avenue Chicago, Chicago, IL 60618
Contiguous development parcel with road frontage and nearby transit access, currently largely vacant after industrial uses.
Property SizeContact for details
Days on Market38
Property Features for 3278 N Milwaukee Avenue Chicago
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$999
Amenities
City Street
142789
3.28
No
1148
Asphalt,Concrete
Listing Agency:
(847) 558-6808
Listed By:
Debbie Hundal · License #475185100
(847) 558-6808
Source:
Remaxadream
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 8 at 4:36PM
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 Debbie Hundal
Investment Insights
Based on property information with market context.
The property is a contiguous commercial land parcel offered for redevelopment, formerly home to industrial buildings, small businesses, and auto-related uses, and now largely vacant. The offering includes an approximately 3.28-acre site positioned for higher-density, mixed-use development, with prior support for zoning changes allowing four- to five-story buildings.
The “Belmont Triangle” site is described as being bordered by Pulaski Road, Belmont Avenue, and Milwaukee Avenue, with reported traffic counts of 20K VPD on Pulaski Road, 16K VPD on Belmont Avenue, and 17K VPD on Milwaukee Avenue. Access and exposure are highlighted through proximity to I-90/94, the Belmont Blue Line station, and the Irving Park Metra station.
A 2022 survey noted that respondents primarily access the site by walking or driving and expressed interest in open spaces along with dining and retail options. The Department of Planning and Redevelopment prepared three design schemes in 2022. The remarks also reference development incentives and programs including eTOD, NOF, TIF, LIHTC, and federal subsidies, grants, and loans, along with Cook County Tax Incentives for Class 7A and 7B properties. Nearby tenants listed in the remarks include Walgreen’s, CVS, HR Block, BP Gas, AT&T Store, McDonald’s, and PNC Bank.
The “Belmont Triangle” site is described as being bordered by Pulaski Road, Belmont Avenue, and Milwaukee Avenue, with reported traffic counts of 20K VPD on Pulaski Road, 16K VPD on Belmont Avenue, and 17K VPD on Milwaukee Avenue. Access and exposure are highlighted through proximity to I-90/94, the Belmont Blue Line station, and the Irving Park Metra station.
A 2022 survey noted that respondents primarily access the site by walking or driving and expressed interest in open spaces along with dining and retail options. The Department of Planning and Redevelopment prepared three design schemes in 2022. The remarks also reference development incentives and programs including eTOD, NOF, TIF, LIHTC, and federal subsidies, grants, and loans, along with Cook County Tax Incentives for Class 7A and 7B properties. Nearby tenants listed in the remarks include Walgreen’s, CVS, HR Block, BP Gas, AT&T Store, McDonald’s, and PNC Bank.
Key Highlights
- 3.28‑acre contiguous development parcel on Belmont Ave, Milwaukee Ave, and Pulaski Rd
- 1148 ft of frontage on city streets with asphalt and concrete road surfaces
- High‑traffic corridors: Pulaski Rd (20K VPD), Belmont Ave (16K VPD), and Milwaukee Ave (17K VPD)
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Contiguous development parcel with road frontage and nearby transit access, currently largely vacant after industrial uses.
Where is this commercial land located?
The property is located at 3278 N Milwaukee Avenue Chicago 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: 3.28‑acre contiguous development parcel on Belmont Ave, Milwaukee Ave, and Pulaski Rd; 1148 ft of frontage on city streets with asphalt and concrete road surfaces; High‑traffic corridors: Pulaski Rd (20K VPD), Belmont Ave (16K VPD), and Milwaukee Ave (17K VPD)
