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    3105 Milwaukee Ave Chicago, IL 60618

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Avondale location, flexible layouts.

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional property offers 2,270 to 9,100 square feet of versatile retail, office, or restaurant space in Chicago's vibrant Avondale neighborhood, bordering Logan Square. Located at 3105 N Milwaukee Ave, this Class A, 2023-built, single-story building boasts 9,100 square feet of vacant space within a 40,000 square foot building, divisible into multiple suites. The space features 13-foot ceilings and is equipped with 800 amps of power. With 30 parking spaces and convenient alley access, including loading capabilities, this location is ideal for various businesses. Its prime corner location on Milwaukee Avenue ensures high visibility and foot traffic, benefiting from proximity to Target, Home Depot, and ART Furniture. The vanilla shell finish allows for complete customization to suit specific business needs, making it perfect for restaurants, bars, retail stores, or offices. The zoning is B3. This property is situated at the base of The 3101 Wilmot luxury apartments, ensuring a high-traffic area surrounded by popular restaurants and retail stores. The space is easily accessible and benefits from the high density of residents and businesses in the area. Some marketing materials may include virtually staged images.

    Property Features for 3105 Milwaukee Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Class
    A
    Total Rate
    56666.67

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space Retail #3
    Size
    2,270 SF
    Rate per SF
    $17
    Space
    Available Space 2
    Size
    3,260 SF
    Rate per SF
    $17

    HighLights

    • Ideal for remote workers or co‑working spaces.
    • High‑visibility Avondale location with strong foot traffic.
    • Ground‑floor space in a vibrant retail/restaurant complex adjacent to luxury apartments.
    • Versatile space suitable for various uses including retail, restaurant, or office.
    • Move‑in ready space with a neutral interior finish.
    • Restaurant/bar space available with alley access and loading dock.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -87.7207902
    Latitude
    41.9373956

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    FAQs

    What type of property is this?
    Restaurant - Prime Avondale location, flexible layouts.
    Where is this restaurant located?
    The property is located at 3105 Milwaukee Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Ideal for remote workers or co-working spaces.; High-visibility Avondale location with strong foot traffic.; Ground-floor space in a vibrant retail/restaurant complex adjacent to luxury apartments.
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    3105 Milwaukee Ave Chicago, IL 60618
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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
    3105 Milwaukee Ave Chicago, IL 60618
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