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    1138 Milwaukee Ave Chicago, IL 60642

    Sponsored
    For Sale
    $325,000

    Prime Chicago location, 1250 sq ft storefront.

    Property size:
    1,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,250 square foot commercial condominium presents a rare investment opportunity in Chicago's desirable West Town neighborhood. Located at 1138 N Milwaukee Ave, this vacant, ground-floor storefront boasts a coveted C2-2 zoning designation, allowing for a diverse range of retail and office uses. Built in 2008, the property is in excellent condition and features a modern layout including a reception area, conference room, three private offices, and a washroom. The unit benefits from high ceilings (12 feet), robust mechanical, electrical, and plumbing systems (gas-forced air unit, electric water heater, 200-amp electrical service), and low real estate taxes. Its prime location on North Milwaukee Avenue ensures high visibility and excellent foot traffic, ideal for a retail business. Conveniently situated near the CTA Division Street Blue Line Station and served by #9 and #70 bus lines, this property offers unparalleled access to public transportation. The 1,250 square foot unit sits on a 3,081 square foot lot (APN: 17-05-301-064-1001). This owner-user opportunity is perfect for businesses seeking a vibrant, high-traffic location in a thriving area of Chicago. The property is a single unit commercial condo within a single building. Asking price is $325,000.

    Property Features for 1138 Milwaukee Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,250 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Units
    1

    HighLights

    • 1,250 SF modern commercial condo, built in 2008, in excellent condition.
    • C2‑2 zoning allows diverse retail and office uses.
    • High‑visibility location on N. Milwaukee Ave with excellent foot traffic.
    • Excellent public transit access via CTA Blue Line & bus routes.
    • Owner‑user opportunity; asking price $325,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Permanent MakeUp by ... Permanent Make-Up Clinic Walco Construction Construction Company MUSE Salons Beauty Salon MUSE Laser&Spa Wicker ... Laser Hair Removal Service TopLashes Beauty Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.665038876628
    Latitude
    41.90245668505

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    FAQs

    What type of property is this?
    Individual retail property - Prime Chicago location, 1250 sq ft storefront.
    Where is this individual retail property located?
    The property is located at 1138 Milwaukee Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 1,250 SF modern commercial condo, built in 2008, in excellent condition.; C2-2 zoning allows diverse retail and office uses.; High-visibility location on N. Milwaukee Ave with excellent foot traffic.
    Request Owner's contact information
    1138 Milwaukee Ave 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
    1138 Milwaukee Ave Chicago, IL 60642
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