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    2871 Milwaukee Ave Logan Sq Chicago, IL 60618

    Sponsored
    For Sale
    Contact for pricing

    1600 SF Retail, 2 Parking Spots, NNN Lease

    Property size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1600-square-foot retail space is ideally situated at 2871 N. Milwaukee Avenue in Chicago's vibrant Logan Square neighborhood. Leased on an Absolute NNN basis, this multi-tenant property offers immediate occupancy and comes with two convenient rear parking spaces. A full, 1600-square-foot basement is also included as part of the lease, providing ample storage or additional usable space. Tenant improvement money is available, making this an attractive opportunity for customization. The entire building is also available for purchase, which includes a desirable 3-bedroom, 2-bathroom apartment unit on the second floor, presenting a unique live-work potential. This prime location boasts exceptional visibility on one of Chicago's busiest streets, Milwaukee Avenue, and benefits from its proximity to major transportation arteries, including I-90/94, the Belmont & Logan Square Blue Line, and a CTA bus stop. The surrounding area is experiencing a surge in affluent businesses, with a thriving bar and restaurant scene, complemented by numerous coffee shops, yoga studios, and other amenities. Average household incomes within a 3-mile radius exceed $100,000, indicating a strong and affluent customer base. This property presents a rare opportunity to establish a business in a highly desirable and rapidly developing area of Chicago.

    Property Features for 2871 Milwaukee Ave Logan Sq

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,600 SF

    HighLights

    • Live/work opportunity: 1600 SF retail space with a 1600 SF basement.
    • Tenant improvement allowance available.
    • Full 1600 SF basement included.
    • Entire building available for purchase, including a 3‑bedroom, 2‑bathroom apartment.
    • High‑visibility location on Milwaukee Avenue in Chicago's Logan Square.
    • Immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7145468
    Latitude
    41.9336413

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    FAQs

    What type of property is this?
    Individual retail property - 1600 SF Retail, 2 Parking Spots, NNN Lease
    Where is this individual retail property located?
    The property is located at 2871 Milwaukee Ave Logan Sq Chicago, IL.
    What are key features of this property?
    This property features: Live/work opportunity: 1600 SF retail space with a 1600 SF basement.; Tenant improvement allowance available.; Full 1600 SF basement included.
    (312) 264-6027
    Request Owner's contact information
    2871 Milwaukee Ave Logan Sq 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
    2871 Milwaukee Ave Logan Sq Chicago, IL 60618
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