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    4224 Milwaukee Ave Chicago, IL 60630

    Sponsored
    For Lease
    $20 SF/Yr ($2,500 /Mo)

    Chicago Retail: 1500 sq ft, B3-1 Zoning

    Lot size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,500-square-foot retail space is ideally situated at 4224 N. Milwaukee Avenue in Chicago's Six Corners neighborhood, within the Portage Park community. The property boasts a single-tenant occupancy and is currently vacant, presenting a unique opportunity for immediate possession. The building's zoning is classified as B3-1, offering flexibility for a variety of commercial uses. Its prime location provides excellent visibility and accessibility, situated directly across from a BP gas station and in close proximity to a Dunkin' Donuts, ensuring high foot traffic and brand recognition. The property benefits from convenient access to public transportation, making it easily accessible for both employees and customers. Furthermore, its strategic location near the intersection of I-90/94 provides easy access to major roadways, enhancing its appeal to a wide range of businesses. This turnkey retail space is ready for immediate occupancy and presents a compelling investment opportunity in a thriving Chicago neighborhood. The Cook County location offers a stable and desirable market for commercial ventures. The 1,500 square feet provides ample space for a variety of retail concepts. This property is a must-see for any business seeking a high-visibility location in a bustling area.

    Property Features for 4224 Milwaukee Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,500 SF
    Total Rate
    2500

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,500 SF
    Rate per SF
    $20
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon 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
    -87.7517295
    Latitude
    41.9720786

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    FAQs

    What type of property is this?
    Retail property - Chicago Retail: 1500 sq ft, B3-1 Zoning
    Where is this retail property located?
    The property is located at 4224 Milwaukee Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    Request Owner's contact information
    4224 Milwaukee Ave Chicago, IL 60630
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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
    4224 Milwaukee Ave Chicago, IL 60630
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