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    886-888 Milwaukee Ave Chicago, IL 60642

    For Sale
    Contact for pricing

    6,750 SF Multi-Use Property, Chicago

    Property size:
    6,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6,750-square-foot property, situated on a 0.18-acre lot in Chicago's desirable River West neighborhood, presents a rare investment and development opportunity. The building boasts flexible C1-2 zoning, allowing for a variety of uses including executive office, manufacturing, restaurant, and warehouse space. Its prime location offers unparalleled visibility from I-90/I-94, with a daily vehicle count exceeding 206,000, ensuring high exposure for any business. The property includes a currently income-generating billboard, adding significant value. This is an ideal opportunity for owner-users seeking a versatile space or developers looking to capitalize on the area's strong growth potential. The sale price is subject to offer. The property features one dock-high door and offers significant potential for redevelopment or continued operation as a multi-use facility. This is a unique chance to acquire a strategically located asset in a thriving Chicago neighborhood. Serious inquiries are encouraged.

    Property Features for 886-888 Milwaukee Ave

    General Information

    Property type
    Restaurants
    Square Feet
    6,750 SF
    Lot Size
    7,841 SF

    HighLights

    • Rare River West/West Town investment/development opportunity.
    • Income‑producing billboard offers value‑add potential.
    • High visibility from I‑90/94, 206,000 vehicles per day.
    • Flexible C1‑2 zoning allows diverse uses.
    • Price: Offers considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Accounting Firm 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
    -87.6583921
    Latitude
    41.8978412

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    FAQs

    What type of property is this?
    Restaurant - 6,750 SF Multi-Use Property, Chicago
    Where is this restaurant located?
    The property is located at 886-888 Milwaukee Ave Chicago, IL.
    What are key features of this property?
    This property features: Rare River West/West Town investment/development opportunity.; Income-producing billboard offers value-add potential.; High visibility from I-90/94, 206,000 vehicles per day.
    Request Owner's contact information
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    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
    886-888 Milwaukee Ave Chicago, IL 60642
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