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Prime Retail Space in Chicago
For Lease
$25 SF/Yr

4128 N Milwaukee Avenue, Chicago, IL 60641

Versatile retail space in a revitalizing commercial hub.

Space SizeContact for details
Days on Market218

Property Features for 4128 N Milwaukee Avenue

General Information

Standard status Active
Property subtype Commercial

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1995
Listing Agency: COLDWELL BANKER REALTY
Listed By: KEVIN SULLIVAN
Source: Corcoran
Added: Jan 16 Changed: Aug 21 Last Checked: Aug 21 at 8:46AM

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 COLDWELL BANKER REALTY

Investment Insights

Based on property information with market context.

Located in the heart of the Six Corners shopping district, the property at 4128 N Milwaukee Avenue offers a retail storefront with approximately 1,250 square feet of open-concept space. The unit is suited for boutique retail, specialty fitness, modern professional offices, or service-based businesses. The property features expansive glass frontage that provides natural light and signage opportunities along a corridor with heavy pedestrian traffic. The location places businesses at the center of a retail ecosystem, surrounded by local landmarks and new developments, including the Portage Theater and the Clarendale Six Corners senior living community. The immediate area is a destination for dining and essentials, with neighbors such as Binny's Beverage Depot, Jewel-Osco, and Culver's. Local favorites like Community Tavern and Foundation Tavern enhance the neighborhood's appeal, making it a primary stop for area residents and city-wide commuters. The property is situated blocks from the Jefferson Park Transit Center, which serves as a major hub for the CTA Blue Line and the Metra Union Pacific Northwest line. The building is directly serviced by the CTA #56 Milwaukee bus and the Pace Pulse Milwaukee Line, providing transit options for both employees and customers. With its proximity to the I-94 Expressway and local foot traffic, 4128 N Milwaukee Avenue represents an opportunity to secure a high-visibility foothold in a historic Chicago district.

Key Highlights

  • Prime location in the rapidly revitalizing Six Corners shopping district, a Chicago landmark.
  • High‑visibility retail storefront with expansive glass frontage and signage opportunities** on a high‑traffic corridor.
  • Versatile, open‑concept space (approximately 1,250 sq ft) suitable for various retail, office, or service‑based businesses.

Property Analytics

Current Use

Total by Verizon Telecommunications Service

Suggested Use

Top Pick Law Firm Acupuncture Hotel & Motel Skin Care Clinic Cosmetic Store Garden Center

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

Lease Details

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,799
Businesses Nearby
199k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 36% Apparel 33% Dining 29% Home Improvements & Furnishings 1%
Marshalls Apparel
50,242 visits/mo 0.4 miles
Culver's Dining
23,761 visits/mo 0.2 miles
Dollar Tree Shops & Services
23,411 visits/mo 0.1 miles
dd's DISCOUNTS Shops & Services
19,227 visits/mo 0.3 miles
Chipotle Mexican Grill Dining
15,781 visits/mo 0.3 miles

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size

This space is priced 3% below the average of $25.9 /SF/Yr.

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Versatile retail space in a revitalizing commercial hub.
Where is this retail space located?
The property is located at 4128 N Milwaukee Avenue Chicago, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Prime location in the rapidly revitalizing Six Corners shopping district, a Chicago landmark.; High‑visibility retail storefront with expansive glass frontage and signage opportunities** on a high‑traffic corridor.; Versatile, open‑concept space (approximately 1,250 sq ft) suitable for various retail, office, or service‑based businesses.
More about this property
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