Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1201 Milwaukee Ave Chicago, IL 60642

    For Lease
    Contact for pricing

    Prime corner retail, 1,200-8,000 sq ft

    Lot size:
    6,692 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail opportunity is located at 1201 N Milwaukee Ave, Chicago, IL 60642, a prominent corner at the intersection of Milwaukee, Ashland, and Division Streets in the vibrant Wicker Park submarket. The historic three-story building, completely renovated in 2024, offers substantial frontage with tremendous visibility to the Polish Triangle Park. This mixed-use development will also include over 20 high-end apartment units, ensuring a high volume of foot traffic. The property benefits from its proximity to the Division Street Blue Line station, boasting 600,000 annual riders, and numerous bus lines, guaranteeing significant pedestrian and vehicular traffic. Units are available in sizes ranging from a minimum of 1,200 square feet to a maximum contiguous space of 8,000 square feet, making it suitable for a variety of retail businesses. There is no on-site parking and no elevators. This is a unique chance to establish a presence in a thriving, high-traffic location within a newly renovated building. The property's location at a key intersection in Wicker Park ensures maximum exposure and accessibility for your business.

    Property Features for 1201 Milwaukee Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,692 SF

    Building Details

    Year Built/Renovated
    1910/2024
    Stories
    3

    Unit(s) available at that property

    Space
    1
    Size
    1,876 SF
    Space
    2
    Size
    2,386 SF
    Space
    3
    Size
    2,430 SF

    HighLights

    • 1201 N Milwaukee Ave, Chicago, IL 60642: Prominent corner location in Wicker Park, at the intersection of Milwaukee, Ashland, and Division Streets.
    • Completely renovated three‑story building (2024) with high visibility to Polish Triangle Park.
    • Mixed‑use development including over 20 high‑end apartment units, driving high foot traffic.
    • Excellent transit access: proximity to Division Street Blue Line station (600,000 annual riders) and multiple bus lines.
    • Retail space available from 1,200 to 8,000 contiguous square feet, divisible into three smaller suites. Delivery Q1 2025, vanilla box condition, new utilities. No on‑site parking or elevators. Rental rate upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    City Sports Sportswear Store Palm USA Inc ... Shoe Store

    Suggested Use

    Law Firm Restaurant Realty agency 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
    -87.666428474913
    Latitude
    41.903370482282

    Nearby Similar for Lease

    • $24 SF/Yr
      6,970 SF

      Distinctive South Loop Office Space

      Versatile commercial space in Chicago's South Loop.
      819 S Wabash Ave, Chicago, IL 60605
      View Details
    • $35 SF/Yr

      Modern Office Building with Rooftop

      Newly constructed office building with a full-floor rooftop retreat.
      1290 N Clybourn Ave, Chicago, IL 60610
      View Details
    • $25 SF/Yr

      Prime Retail Space on North Avenue

      Adaptable retail space in a vibrant Chicago mixed-use district.
      1720 W North Ave, Chicago, IL 60622
      View Details
    • New
      $40 SF/Yr

      Condominium in Chicago, IL

      Condominium for rent in Chicago, Illinois.
      816 W Cullerton St, Chicago, IL 60608
      View Details
    • $20 SF/Yr

      Remodeled Office Space in Chicago

      Remodeled office space for rent in Chicago's Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $15 SF/Yr

      Pulaski Road Storefront Opportunity

      Double storefront on Pulaski Rd with high traffic count.
      8337 S Pulaski Rd, Chicago, IL 60652
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime corner retail, 1,200-8,000 sq ft
    Where is this retail property located?
    The property is located at 1201 Milwaukee Ave Chicago, IL.
    What are key features of this property?
    This property features: 1201 N Milwaukee Ave, Chicago, IL 60642: Prominent corner location in Wicker Park, at the intersection of Milwaukee, Ashland, and Division Streets.; Completely renovated three-story building (2024) with high visibility to Polish Triangle Park.; Mixed-use development including over 20 high-end apartment units, driving high foot traffic.
    Request Owner's contact information
    1201 Milwaukee Ave Chicago, IL 60642
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1201 Milwaukee Ave
    Chicago, IL 60642
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1201 Milwaukee Ave Chicago, IL 60642
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.