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    9141 Milwaukee Ave Niles, IL 60714

    Sponsored
    For Lease
    $2 SF/Yr

    1.48-acre C-2 zoned lot, high traffic.

    Lot size:
    64,469 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.48-acre commercial land parcel, totaling 64,469 square feet, presents a unique build-to-suit opportunity in the thriving Village of Niles. Located just one block south of the Golf Mill Shopping Center, this strategically positioned site boasts exceptional visibility and high traffic counts on heavily traveled Milwaukee Avenue (33,500 vehicles daily, per IDOT data). Its C-2 General Commercial zoning allows for a wide range of uses, including retail, restaurant, commercial, medical, or daycare facilities. The property's free-standing drive-thru potential further enhances its appeal. The site benefits from its proximity to the Golf Mill regional shopping hub, home to major retailers such as Walmart, Target, Burlington's, Ross Dress for Less, and Old Navy, along with numerous restaurants. The ongoing multi-million-dollar redevelopment of the Golf Mill Mall promises even greater future growth and increased foot traffic. Convenient access to public transportation, including PACE and Metra bus routes, adds to the property's desirability. This is an exceptional opportunity to establish a presence in a dynamic and rapidly developing area within a Niles TIF district.

    Property Features for 9141 Milwaukee Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,469 SF

    Unit(s) available at that property

    Space
    Size
    64,469 SF
    Rate per SF
    $2

    HighLights

    • 1.48‑acre commercial land parcel totaling 64,469 square feet.
    • C‑2 General Commercial zoning.
    • High‑visibility location with 33,500 average daily traffic counts on Milwaukee Avenue.
    • Located one block south of the Golf Mill Shopping Center, near major retailers like Walmart and Target.
    • Suitable for retail, restaurant, medical, or daycare uses; build‑to‑suit opportunities available.
    • Situated in the Village of Niles TIF District with convenient access to PACE and Metra bus routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Air Marshal Commercial ... Engineer wali khan Engineer

    Suggested Use

    Realty agency Law Firm 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
    Niles
    County
    Cook
    State
    Illinois
    Longitude
    -87.83140468
    Latitude
    42.04639085

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    FAQs

    What type of property is this?
    Land - 1.48-acre C-2 zoned lot, high traffic.
    Where is this land located?
    The property is located at 9141 Milwaukee Ave Niles, IL.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: 1.48-acre commercial land parcel totaling 64,469 square feet.; C-2 General Commercial zoning.; High-visibility location with 33,500 average daily traffic counts on Milwaukee Avenue.
    Request Owner's contact information
    9141 Milwaukee Ave Niles, IL 60714
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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
    9141 Milwaukee Ave Niles, IL 60714
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