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    1152 Milwaukee Ave Chicago, IL 60642

    For Lease
    Contact for pricing

    Noble Square storefront, high traffic

    Lot size:
    11,604 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional retail opportunity presents 11,604 square feet of space at 1152 N. Milwaukee Ave in Chicago's vibrant Noble Square neighborhood. 5,000 square feet are currently vacant, offering a significant opportunity for a single tenant. The property boasts a highly visible endcap location at the southwest corner of Milwaukee and Haddon Avenues, benefiting from approximately 12,000 vehicles per day and substantial pedestrian traffic. The space features six exam rooms, an open waiting room, an employee break area, four private offices, and a lab room – ideal for medical practices or other businesses requiring specialized space. Alternatively, the layout is adaptable for various retail uses. Its convenient location offers excellent accessibility, situated a short distance from the Kennedy Expressway (I-90/I-94) and the Division Street Blue Line "L" station. The property benefits from a strong retail environment, surrounded by established businesses including Jewel-Osco, Lowe's, Target, CVS, and numerous popular restaurants and retailers. This is a rare chance to secure a prominent retail space in a thriving Chicago neighborhood. Cook County location, zip code 60642.

    Property Features for 1152 Milwaukee Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,604 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,000 SF

    HighLights

    • 11,604 SF retail space available for lease at 1152 N. Milwaukee Ave, Chicago, IL 60642.
    • 5,000 SF of vacant space ideal for a single tenant; existing build‑out includes six exam rooms, four private offices, a lab, and a waiting area.
    • High‑visibility endcap location at the southwest corner of Milwaukee and Haddon Aves, with ~12,000 vehicles per day.
    • Excellent accessibility: steps from the Division Blue Line "L" station and less than one mile from the Kennedy Expressway (I‑90/I‑94).
    Property Profile Location Intelligence

    Current Use by Public Records

    Planned Parenthood - Wicker ... Reproductive Health Clinic

    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
    -87.6656304
    Latitude
    41.9025223

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    FAQs

    What type of property is this?
    Retail property - Noble Square storefront, high traffic
    Where is this retail property located?
    The property is located at 1152 Milwaukee Ave Chicago, IL.
    What are key features of this property?
    This property features: 11,604 SF retail space available for lease at 1152 N. Milwaukee Ave, Chicago, IL 60642.; 5,000 SF of vacant space ideal for a single tenant; existing build-out includes six exam rooms, four private offices, a lab, and a waiting area.; High-visibility endcap location at the southwest corner of Milwaukee and Haddon Aves, with ~12,000 vehicles per day.
    Request Owner's contact information
    1152 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
    1152 Milwaukee Ave Chicago, IL 60642
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