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Retail Frontage in Mixed-Use Complex
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1201 N Milwaukee Ave, Chicago, IL 60642

Retail space in redeveloped mixed-use building near public transportation.

Space Size1,876 SF - 2,430 SF
Days on Market908

Property Features for 1201 N Milwaukee Ave

General Information

Standard status Active
Size 1,876 SF - 2,430 SF
Property subtype Retail
Lease Type NNN

Building Details

Year Built 1910
Tenancy Multiple

Spaces For Lease

at 1201 N Milwaukee Ave Contact us

Tenant C

Size
2,430 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Tenant A

Size
1,876 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Kirsch Agency
Listed By: Gregory Kirsch · License #IL 471-022022
Source: Crexi
Added: Feb 29, 2024 Changed: Aug 12 Last Checked: Aug 24 at 8:28PM

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 Kirsch Agency

Investment Insights

Based on property information with market context.

This property offers substantial retail frontage at the intersection of Milwaukee, Ashland, and Division. The historic building is undergoing redevelopment into a mixed-use complex, featuring both retail space and over 20 high-end apartment units. The location provides significant visibility, situated near the Polish Triangle Park and the Division Street Blue Line, which sees an annual ridership of 600,000. The property is positioned at a key Wicker Park intersection, benefiting from high pedestrian traffic, subway ridership, and multiple bus lines. The redeveloped building will feature over 30 high-end apartment units.

Key Highlights

  • Substantial retail frontage at the busy Milwaukee, Ashland & Division intersection.
  • Redevelopment into a mixed‑use retail and residential complex.
  • Over 30 high‑end apartment units.

Property Analytics

Current Use

City Sports (Bike/Boat/Book/etc) Store Palm USA Inc ... Clothing & Fashion Store

Suggested Use

Top Pick Nursing Home Adult Day Care Tanning Salon Fish Market Butcher Farmer's Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,432
Businesses Nearby
204k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 35% Groceries 32% Shops & Services 16% Home Improvements & Furnishings 15%
Jewel-Osco Groceries
65,395 visits/mo 0.3 miles
Lowe's Home Improvements & Furnishings
31,134 visits/mo 0.3 miles
Wendy's Dining
29,664 visits/mo 0.2 miles
BP Shops & Services
13,250 visits/mo 0.2 miles
Popeyes Louisiana Kitchen Dining
11,777 visits/mo 0.1 miles

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

Lease Benchmarks for Chicago, IL

$25.66 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,377 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in redeveloped mixed-use building near public transportation.
Where is this retail space located?
The property is located at 1201 N Milwaukee Ave Chicago, IL.
What is the lease rate?
The lease rate is $600/Mo.
What are key features of this property?
This property features: Substantial retail frontage at the busy Milwaukee, Ashland & Division intersection.; Redevelopment into a mixed‑use retail and residential complex.; Over 30 high‑end apartment units.
More about this property
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