Multi-Building Retail and Office
For Sale
Contact for pricing
604 - 698 N Milwaukee Ave, Prospect Heights, IL 60070
Stabilized, multi-tenant retail center with approximately 10,550 SF of second-floor office space across three buildings.
Property Size113,801 SF
Days on Market129
Property Features for 604 - 698 N Milwaukee Ave
General Information
Standard status
Active
Size
113,801 SF
Total Parking Spaces
605
Property subtype
Retail
Zoning
B-2: Community Business District
Occupancy
82%
Net Operating Income
$1,004,000
Building Details
Year Built
1978
Buildings
3
Tenancy
Multi
Listing Agency:
Frontline Real Estate Partners
Listed By:
Matthew Tarshis · License #471022713
(847) 542-9058
Source:
Crexi
Added: May 9
Changed: Sep 10
Last Checked: Sep 13 at 7:30AM
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 Frontline Real Estate Partners
Investment Insights
Based on property information with market context.
This multi-tenant retail center spans three buildings and totals 113,801 SF, offering a mix of retail space and approximately 10,550 SF of second-floor office space. The property is described as stabilized and income-producing, with an in-place NOI of approximately $1,004,000. Occupancy is reported at 87%, with 14,954 SF currently available for lease.
The center is located along North Milwaukee Avenue, a well-traveled commercial corridor serving Prospect Heights, Wheeling, Mount Prospect, and surrounding communities.
For buyers and brokers, the center’s configuration across multiple buildings and its combination of ground-level retail with second-floor office space provide an identifiable tenant mix and leasing pathway for the remaining vacancy.
The center is located along North Milwaukee Avenue, a well-traveled commercial corridor serving Prospect Heights, Wheeling, Mount Prospect, and surrounding communities.
For buyers and brokers, the center’s configuration across multiple buildings and its combination of ground-level retail with second-floor office space provide an identifiable tenant mix and leasing pathway for the remaining vacancy.
Key Highlights
- 113,801 SF multi‑tenant retail center across three buildings
- Approximately 10,550 SF of second‑floor office space included within the retail center
- In‑place NOI of approximately $1,004,000
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60070, IL
15,840
Population
6,353
Households
2.5
Avg Household Size
41
Median Age
36%
College-Educated
84%
High-School Grad
4.0 sq mi
ZIP Area
3,960
Density / Sq Mi
$91,210
Median Household Income
$47,929
Median Earnings
$1,391
Median Rent
$343,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Palwaukee Plaza — 604 N Milwaukee Ave, Prospect Heights, IL 60070
Frequently Asked Questions
What type of property is this?
Shopping center - Stabilized, multi-tenant retail center with approximately 10,550 SF of second-floor office space across three buildings.
Where is this shopping center located?
The property is located at 604 - 698 N Milwaukee Ave Prospect Heights, IL.
What are key features of this property?
This property features: 113,801 SF multi‑tenant retail center across three buildings; Approximately 10,550 SF of second‑floor office space included within the retail center; In‑place NOI of approximately $1,004,000
