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Three-Unit Retail Building
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4780 N Milwaukee Ave, Chicago, IL 60630

Vacant commercial building with flexible retail or office conversion potential, basement storage, and on-site parking.

Property Size4,500 SF
Days on Market143

Property Features for 4780 N Milwaukee Ave

General Information

Standard status Active
Size 4,500 SF
Total Parking Spaces 12
Property subtype Retail
Zoning B3-2

Site & Location

Corner Location Yes
Traffic Count 14,100 vehicles/day
Highway Access Yes
Road Access Yes
Public Transit Yes

Additional Details

Asking Price $999,000

Amenities

full basement

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Troy Companies
Listed By: Andrzej "Andrew" Olszowka · License #IL476.160900
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 10:05AM

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 Troy Companies

Investment Insights

Based on property information with market context.

The property is a vacant retail building totaling approximately 4,500 SF across three units. Its configuration supports continued multi-suite retail use or consolidation into a larger retail or office layout. A full basement adds storage space, while 12 parking spaces serve the property. The site is zoned B3-2.

Positioned at the corner of Milwaukee Ave. and Lawrence Ave., the property records 14,100 VPD and sits next to a METRA and CTA Station. I-90 and I-94 are accessible from the location. Existing redevelopment drawings outline a proposed 19,114 SF mixed-use multifamily building with 9 residential units and 2 retail spaces.

Key Highlights

  • Three retail units totaling approximately 4,500 SF
  • B3‑2 zoning with 12 parking spaces
  • Full basement provides additional storage

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Restaurant Gym & Fitness 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

14,100 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,693
Businesses Nearby

Demographics for 60630, IL

54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Vacant commercial building with flexible retail or office conversion potential, basement storage, and on-site parking.
Where is this retail space located?
The property is located at 4780 N Milwaukee Ave Chicago, IL.
What are key features of this property?
This property features: Three retail units totaling approximately 4,500 SF; B3‑2 zoning with 12 parking spaces; Full basement provides additional storage
More about this property
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