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    2320 Milwaukee Ave Chicago, IL 60647

    Sponsored
    For Lease
    Contact for pricing

    High-traffic corner retail space in Chicago.

    Lot size:
    2,670 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 2320 N Milwaukee Ave, Chicago, IL 60647, presents a unique investment opportunity. Situated on a hard corner, this multi-tenant space boasts prominent frontage and signage on both Milwaukee Avenue and Belden Avenue, ensuring maximum visibility. The clean shell unit offers 2,670 square feet of vacant space, perfect for a variety of restaurant concepts, and includes a full basement ideal for storage or office space. The property benefits from significant power upgrades, featuring 400 AMP service. Ample street parking is available on both sides of the building, enhancing customer convenience. This location is situated within a high-traffic, urban business corridor, benefiting from its proximity to a dense residential population in a high-income area. Furthermore, the property enjoys exceptional public transportation access, being just one block from the CTA Blue Line California Avenue stop and one block from two CTA bus stops. Easy access to major roadways is also a key advantage, with I-90/94 located only five blocks away. This prime location offers unparalleled exposure and accessibility, making it an ideal investment for discerning business owners.

    Property Features for 2320 Milwaukee Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,670 SF

    Unit(s) available at that property

    Space
    2320
    Size
    2,670 SF

    HighLights

    • 2,670 SF vacant retail space at 2320 N Milwaukee Ave, Chicago, IL 60647.
    • High‑visibility hard corner location with prominent frontage on Milwaukee & Belden Avenues.
    • Full basement for storage or office use.
    • 400 AMP electrical service.
    • Ample street parking.
    • High‑traffic location in a high‑income, densely populated area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6984878
    Latitude
    41.9234249

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    FAQs

    What type of property is this?
    Restaurant - High-traffic corner retail space in Chicago.
    Where is this restaurant located?
    The property is located at 2320 Milwaukee Ave Chicago, IL.
    What are key features of this property?
    This property features: 2,670 SF vacant retail space at 2320 N Milwaukee Ave, Chicago, IL 60647.; High-visibility hard corner location with prominent frontage on Milwaukee & Belden Avenues.; Full basement for storage or office use.
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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
    2320 Milwaukee Ave Chicago, IL 60647
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