Hawthorn Commons Mixed-Use
For Sale
Contact for pricing
Pending
850 N Milwaukee Ave, Chicago, IL 60642
Recently constructed offering with medical, restaurant, and service tenancy.
Property Size48,942 SF
Days on Market143
Property Features for 850 N Milwaukee Ave
General Information
Standard status
Pending
Size
48,942 SF
Property subtype
Office
Occupancy
83%
Additional Details
Anchor Co-Tenants
Northwestern Medicine
Building Details
Tenancy
Multi
Listing Agency:
JLL Chicago | Americas Headquarters
(312) 782-5800
Listed By:
Mohsin Mirza · License #IL 475.189943
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 8:47PM
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 JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
Hawthorn Commons is a recently constructed mixed-use property totaling 48,942 square feet. The tenant mix combines medical, restaurant, and service uses, with Northwestern Medicine serving as the principal occupant alongside T-Mobile and Uncle Julio’s Mexican Restaurant.
The property is currently 83% leased. Northwestern Medicine represents 53% of in-place revenue and is committed under a lease extending through May 2031. The tenancy also includes contractual rent increases, while remaining space provides lease-up potential. Northwestern Medicine carries an S&P AA+ credit rating, adding a significant institutional medical presence to the asset’s operating profile.
The property is currently 83% leased. Northwestern Medicine represents 53% of in-place revenue and is committed under a lease extending through May 2031. The tenancy also includes contractual rent increases, while remaining space provides lease-up potential. Northwestern Medicine carries an S&P AA+ credit rating, adding a significant institutional medical presence to the asset’s operating profile.
Key Highlights
- 48,942‑square‑foot recently constructed mixed‑use property
- 83% leased with medical, restaurant, and service tenancy
- Northwestern Medicine serves as the principal medical occupant
Property Analytics
Property Profile
Current Use
Lease Details
83%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,527
Businesses Nearby
Explore this area
Business Placement
Demographics for 60642, IL
21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Recently constructed offering with medical, restaurant, and service tenancy.
Where is this mixed-use property located?
The property is located at 850 N Milwaukee Ave Chicago, IL.
What are key features of this property?
This property features: 48,942‑square‑foot recently constructed mixed‑use property; 83% leased with medical, restaurant, and service tenancy; Northwestern Medicine serves as the principal medical occupant
