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    4774 Milwaukee Ave Chicago, IL 60630

    Sponsored
    For Sale
    Contact for pricing

    Vacant 4,500 SF Daycare Space

    Property size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,500-square-foot retail building, located at 4774 N Milwaukee Ave in Chicago, IL, 60630, presents a unique investment opportunity. Currently vacant, this property offers immense potential for a variety of uses, particularly given its B3-2 zoning. The building, constructed in 2011 and renovated in the same year, boasts three units within a single structure situated on a sizable 10,000-square-foot lot. Ample parking is available with 20 spaces provided on-site. The high-traffic location at the intersection of Milwaukee and Lawrence Avenues benefits from a reported 31,000 vehicles per day, ensuring high visibility and accessibility. The property's 4,500 square feet of net rentable space is ideal for a variety of businesses, including its previous use as a daycare/nursery. This turnkey property is ready for immediate occupancy and offers a strong return on investment for the discerning buyer. The substantial lot size also allows for future expansion or redevelopment possibilities. Serious inquiries are encouraged to explore this prime commercial real estate opportunity in a vibrant Chicago neighborhood.

    Property Features for 4774 Milwaukee Ave

    General Information

    Property type
    Day care centers
    Square Feet
    4,500 SF

    Building Details

    Year Renovated
    2011
    Buildings
    1
    Units
    3

    HighLights

    • B3 Zoning, 24,500 SF Building
    • 10,000 SF Lot, 20 Parking Spaces
    • 31,000 Vehicles Per Day (VPD) Traffic Count
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7606114
    Latitude
    41.967336

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    FAQs

    What type of property is this?
    Day care center - Vacant 4,500 SF Daycare Space
    Where is this day care center located?
    The property is located at 4774 Milwaukee Ave Chicago, IL.
    What are key features of this property?
    This property features: B3 Zoning, 24,500 SF Building; 10,000 SF Lot, 20 Parking Spaces; 31,000 Vehicles Per Day (VPD) Traffic Count
    Request Owner's contact information
    4774 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
    4774 Milwaukee Ave Chicago, IL 60630
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