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    1542-1550 Milwaukee Ave Chicago, IL 60622

    Sponsored
    For Lease
    Contact for pricing

    36,000 SF Mixed-Use Building For Lease

    Lot size:
    36,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 36,000 square foot mixed-use building, located at 1542-1550 N Milwaukee Avenue in Chicago's vibrant Wicker Park neighborhood (zip code 60622), presents a unique investment opportunity. The property sits on a 12,500 square foot lot and features four stories. Currently configured as a furniture store, the entire 36,000 square feet is available for lease, offering significant flexibility for a variety of retail uses. The building's street-level retail space provides excellent visibility and accessibility for customers. The property is zoned B3-2 within Cook County, Illinois, and its APN is 17-06-207-009. This single-tenant building offers a substantial footprint for a business seeking a prominent location in a high-traffic area. The building's size and location make it ideal for a large-scale retail operation or a business requiring significant space. The property's potential is further enhanced by its prime location within Wicker Park, a well-established and thriving commercial district known for its unique character and high foot traffic. This is a rare opportunity to secure a substantial retail space in a highly desirable Chicago neighborhood. Serious inquiries only.

    Property Features for 1542-1550 Milwaukee Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,000 SF

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Available Space
    Size
    36,000 SF

    HighLights

    • 36,000 SF mixed‑use building (retail/residential) for sale, featuring 12,500 SF of retail space available for lease in prime Wicker Park location.
    • Six residential apartments and one ground floor retail space, plus full basement.
    • Excellent location at the six‑corner intersection of North, Damen, and Milwaukee avenues, near the Damen Blue Line "L" station.
    • High‑traffic area with abundant restaurants, retail, and nightlife.
    • Strong national retail tenant presence including Yeti, Levi's, Chase Bank, and others.
    • Attractive local retail tenant mix including Piece Brewery & Pizzeria, Stan's Donuts, and more.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office 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
    -87.6764184
    Latitude
    41.9093553

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    FAQs

    What type of property is this?
    Retail property - 36,000 SF Mixed-Use Building For Lease
    Where is this retail property located?
    The property is located at 1542-1550 Milwaukee Ave Chicago, IL.
    What are key features of this property?
    This property features: 36,000 SF mixed-use building (retail/residential) for sale, featuring 12,500 SF of retail space available for lease in prime Wicker Park location.; Six residential apartments and one ground floor retail space, plus full basement.; Excellent location at the six-corner intersection of North, Damen, and Milwaukee avenues, near the Damen Blue Line "L" station.
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    1542-1550 Milwaukee Ave Chicago, IL 60622
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    Chicago, IL 60622
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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
    1542-1550 Milwaukee Ave Chicago, IL 60622
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