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    705 Milwaukee Ave Chicago, IL 60642

    For Sale
    $825,000

    Stunning 3,600 sq ft, 2-story office

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A office condo, located at 705 N. Milwaukee Ave in Chicago's River West neighborhood, offers 3,600 square feet of meticulously renovated space. Built in 1950 and completely updated in 2021, this single-unit property features a thoughtfully designed layout across two floors. The main level boasts an open concept design with hardwood floors, high ceilings, abundant natural light, a convenient snack station, ample storage, and a full bathroom. The lower level includes a gathering area, a striking glass-enclosed conference room, a well-equipped kitchen, another bathroom, and a discreet server room. Floor-to-ceiling windows on the first floor maximize natural light throughout both levels via a central atrium. Three parking spaces are available at the rear of the building. Situated in a high-density residential and commercial area with excellent vehicular traffic, this property benefits from proximity to the Blue Line "L" station and the Kennedy Expressway. Nearby businesses include My Chicago Golf, Orange Theory, CVS, Dunkin' Donuts, Urban Market, Matchbox, Starbucks, and Erie Street Auto Body. The property is zoned C1-3 and sits on a 0.07-acre lot. The asking price is $825,000, translating to $229.17 per square foot. This is a prime opportunity for a business seeking a stylish and functional space in a vibrant, easily accessible location. The property's APN is 17-08-220-063-1001.

    Property Features for 705 Milwaukee Ave

    General Information

    Property type
    Office space
    Square Feet
    3,600 SF
    Class
    A
    Lot Size
    3,049 SF

    Building Details

    Year Built/Renovated
    1950/2021
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Beautifully renovated 3,600 sq ft Class A office condo, updated in 2021, featuring two floors and three parking spaces.
    • Open‑concept first floor with hardwood floors, high ceilings, and abundant natural light.
    • River West location offers high density residential and commercial activity, excellent vehicular traffic, and easy access to public transportation (Blue Line) and the Kennedy Expressway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Capital Logistics Group Transportation Service PS Lash & Hair ... Hair Extension Technician Pink Sugar Beauty ... Hair Extension Technician

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -87.652575973048
    Latitude
    41.894385971491

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    FAQs

    What type of property is this?
    Office space - Stunning 3,600 sq ft, 2-story office
    Where is this office space located?
    The property is located at 705 Milwaukee Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: Beautifully renovated 3,600 sq ft Class A office condo, updated in 2021, featuring two floors and three parking spaces.; Open-concept first floor with hardwood floors, high ceilings, and abundant natural light.; River West location offers high density residential and commercial activity, excellent vehicular traffic, and easy access to public transportation (Blue Line) and the Kennedy Expressway.
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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
    705 Milwaukee Ave Chicago, IL 60642
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