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    2418 Milwaukee Ave Chicago, IL 60647

    For Lease
    Contact for pricing

    8,785 SF Retail, High-Ceilings, Prime Location

    Lot size:
    8,785 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 8,785 square foot retail space presents a unique opportunity in Chicago's vibrant Logan Square neighborhood. Located on the ground floor of a new luxury residential building at 2418 N Milwaukee Ave, this single-tenant space boasts a column-free layout with impressive high ceilings. The property features over 100 feet of frontage along Milwaukee Avenue, providing excellent visibility and accessibility for customers. A dedicated parking area is conveniently located at the rear of the building. This prime location places your business in the heart of Logan Square, surrounded by Chicago's trendiest retail establishments and restaurants. The space is new construction, offering a modern and efficient layout ready for immediate occupancy. A deep sidewalk area is planned along Milwaukee Avenue, further enhancing pedestrian traffic and visibility. This is an ideal space for a variety of retail concepts seeking a high-profile location in a thriving, densely populated area of Chicago, Illinois, zip code 60647. The property's size and location offer significant potential for growth and success.

    Property Features for 2418 Milwaukee Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,785 SF

    Unit(s) available at that property

    Space
    Size
    8,785 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hollander International Storage ... Moving And Storage Service Guidepost Montessori at Logan ... Montessori School

    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
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.701367515843
    Latitude
    41.92479445248

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    FAQs

    What type of property is this?
    Individual retail property - 8,785 SF Retail, High-Ceilings, Prime Location
    Where is this individual retail property located?
    The property is located at 2418 Milwaukee Ave Chicago, IL.
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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
    2418 Milwaukee Ave Chicago, IL 60647
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