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    691 N Milwaukee Ave Chicago, IL 60642

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    For Lease
    $34 SF/Yr

    Ground floor retail space in a new luxury apartment building.

    Property Features for 691 N Milwaukee Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2025

    Source: SPERRY VAN NESS Agent SCOTT MAESEL

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Luxury Building

    This is a 3,052 SF ground floor retail space located at the base of a new 34-unit boutique luxury apartment building on Milwaukee Avenue. The location is conveniently situated between the River North and Fulton Market neighborhoods. The space features approximately 15' ceilings and significant window frontage. Garage parking is available. The property benefits from a highly visible location near the upcoming Bally's Casino, NOMA development, and the former Chicago Tribune site redevelopment. The surrounding area includes retailers such as CVS Pharmacy, Jersey Mike's, Orangetheory Fitness, Dunkin' Donuts, Dos Bros, Contrast, US Bank, Subway, Gangnam Market, Big Shoulders Coffee, and Wingstop. Approximately 850 new apartment units are located nearby. The property is located one block from the Chicago Avenue Blue Line CTA Station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6519556
    Latitude
    41.8944081

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    FAQs

    What type of property is this?
    Retail space - Ground floor retail space in a new luxury apartment building.
    Where is this retail space located?
    The property is located at 691 N Milwaukee Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: - Prime location between River North and Fulton Market, near upcoming Bally's Casino, NOMA development, and former Chicago Tribune site.; - High visibility on Milwaukee Avenue with strong foot traffic and ~850 new apartment units nearby.; - 3,052 SF ground floor retail space in a new luxury apartment building (built in 2025).
    (312) 676-1866
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    691 N Milwaukee Ave Chicago, IL 60642
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    Chicago, IL 60642
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    691 N Milwaukee Ave Chicago, IL 60642
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