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Retail Building with Partial Basement
For Lease
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5820 N Milwaukee Ave., Chicago, IL 60646

For lease in Jefferson Park, a retail building with a 4,000 sq. ft. partial basement on a 29,862 sq. ft. site.

Space Size15,184 SF
Lot Size0.69 Acres
Days on Market44

Property Features for 5820 N Milwaukee Ave.

General Information

Standard status Active
Size 15,184 SF
Total Parking Spaces 48
Lot size 0.69 Acres
Property subtype Retail, Land

Building Details

Building Size 15,184 SF
Tenancy Single

Spaces For Lease

at 5820 N Milwaukee Ave. Contact us

Available Space

Size
15,184 SF
Type
Land, Retail
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: Millennium Properties R/E
Listed By: Susan Silver · License #IL 475136992
Source: Crexi
Added: Jul 1 Changed: Aug 8 Last Checked: Aug 12 at 11:08AM

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 Millennium Properties R/E

Investment Insights

Based on property information with market context.

For lease: a commercial retail building totaling 15,184 square feet, with an additional 4,000 square feet of partial basement space, set on a 29,862 square foot development site.

Located in Chicago’s Jefferson Park neighborhood at 5820 N. Milwaukee Ave., the property benefits from the area’s dense urban population and access to heavily trafficked commercial corridors including Milwaukee Avenue, Elston Avenue, and Northwest Highway. The neighborhood also has access to public transportation and is surrounded by a mix of restaurants, shops, and commercial and residential properties.

This offering provides a straightforward retail footprint with the added flexibility of basement space, suitable for tenants seeking a dedicated building within a well-established neighborhood retail environment.

Key Highlights

  • 15,184 SF commercial building with a 4,000 SF partial basement
  • Located on a 29,862 SF development site
  • Jefferson Park (NW Chicago) near heavily trafficked corridors including Milwaukee Avenue, Elston Avenue and Northwest Highway

Property Analytics

Current Use

Center for COVID Care ... Medical Laboratory Jefferson Park Free ... Medical Laboratory

Suggested Use

Top Pick Barber Shop Acupuncture Cosmetic Store Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

1,197
Businesses Nearby
54k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 55% Dining 45%
McDonald's Dining
23,016 visits/mo 0.5 miles
Mobil Shops & Services
15,210 visits/mo 0.5 miles
Chase Bank Shops & Services
10,303 visits/mo 0.1 miles
Fifth Third Bank & ATM Shops & Services
2,550 visits/mo 0.2 miles
Public Storage Shops & Services
1,567 visits/mo 0.5 miles

Demographics for 60646, IL

28,383
Population
11,636
Households
2.4
Avg Household Size
44
Median Age
58%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
6,451
Density / Sq Mi
$111,115
Median Household Income
$66,105
Median Earnings
$1,241
Median Rent
$493,600
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Retail space - For lease in Jefferson Park, a retail building with a 4,000 sq. ft. partial basement on a 29,862 sq. ft. site.
Where is this retail space located?
The property is located at 5820 N Milwaukee Ave. Chicago, IL.
What are key features of this property?
This property features: 15,184 SF commercial building with a 4,000 SF partial basement; Located on a 29,862 SF development site; Jefferson Park (NW Chicago) near heavily trafficked corridors including Milwaukee Avenue, Elston Avenue and Northwest Highway
(312) 338-3000 Call to check price and availability
More about this property
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