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    2247 Milwaukee Ave Chicago, IL 60647

    For Lease
    Contact for pricing

    1,800 SF End Cap, High Visibility

    Lot size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 1,800 square foot retail end cap space is available for lease at 2247 N. Milwaukee Avenue in Chicago's Logan Square neighborhood. Located on the northwest side, this single-tenant property is part of a strip center with established co-tenants including Orange Theory, Dunkin' Donuts, and Bubbleland. The property boasts excellent visibility due to its location on Milwaukee Avenue and dual-sided monument signage, benefiting from approximately 12,400 vehicles per day. Ample on-site parking is provided at a ratio of 8 spaces per 1,000 square feet. The building, constructed in 1961, offers a total of 16,000 square feet. This prime location offers easy access to the Kennedy Expressway (I-90/I-94), less than one mile west, and is conveniently situated steps from the California "L" station (Blue Line). The area is densely populated with numerous national retailers and local businesses, including Dollar Tree, Colectivo Coffee, Subway, Ace Hardware, and Chase Bank. This presents a unique opportunity to establish a thriving business in a vibrant and well-connected Chicago neighborhood. The property is in Cook County, Illinois, and has a zip code of 60647.

    Property Features for 2247 Milwaukee Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF

    Building Details

    Year Built
    1961

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,800 SF

    HighLights

    • Excellent North Milwaukee Avenue, Chicago location.
    • Modern, attractive building design.
    • Flexible open floor plan.
    • High visibility & abundant natural light.
    • Ample employee & customer parking.
    • High‑end finishes & fixtures.
    Property Profile Location Intelligence

    Current Use by Public Records

    CosmoProf Beauty Supply Store Dunkin' Coffee Shop Baskin-Robbins Ice Cream Shop

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6944843
    Latitude
    41.9222536

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    FAQs

    What type of property is this?
    Neighborhood center - 1,800 SF End Cap, High Visibility
    Where is this neighborhood center located?
    The property is located at 2247 Milwaukee Ave Chicago, IL.
    What are key features of this property?
    This property features: Excellent North Milwaukee Avenue, Chicago location.; Modern, attractive building design.; Flexible open floor plan.
    Request Owner's contact information
    2247 Milwaukee Ave Chicago, IL 60647
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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
    2247 Milwaukee Ave Chicago, IL 60647
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