Retail Space in Prime
For Lease
Contact for pricing
500 N Milwaukee Ave, Chicago, IL 60642
Retail space with outdoor seating near transit and new developments.
Space Size1,366 SF
Days on Market749
Property Features for 500 N Milwaukee Ave
General Information
Standard status
Active
Size
1,366 SF
Property subtype
Retail
Building Details
Tenancy
Multiple
Spaces For Lease
at 500 N Milwaukee Ave Contact us- Size
- 1,366 SF
- Type
- Retail
- Availability
- Active
Retail E - Grand Avenue Frontage
Listing Agency:
Baum Realty Group
(312) 751-0300
Listed By:
Deena Zimmerman · License #IL 475.130690
Source:
Crexi
Added: Aug 2, 2024
Changed: Aug 8
Last Checked: Aug 19 at 9:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baum Realty Group
Investment Insights
Based on property information with market context.
This retail space is located at the base of a luxury apartment development consisting of 227 units. The property benefits from a highly visible location at the busy intersection of Milwaukee, Grand, and Halsted. It is a transit-oriented location, with the Grand Blue Line train stop and bus stops on both Grand and Milwaukee Avenues. The property is situated four blocks from Fulton Market, near approximately 60,000 square feet of retail space and over 1 million square feet of office space that is either proposed or under construction. It is a short drive to the 30-acre permanent Bally’s Casino site and the Kennedy Expressway. The property is near the West Loop and steps from popular restaurants including The Dawson, Piccolo Sogno, The Pearl Club, and La Scarola. Current co-tenants include Stax Cafe, Bank of America, and American Dental Associates. Outdoor seating is available.
Key Highlights
- Located at a highly visible and busy intersection (Milwaukee/Grand/Halsted) at the base of a luxury apartment development with 227 units.
- Transit‑oriented location**: Steps from Grand Blue Line train stop and bus stops on Grand and Milwaukee Avenues.
- Proximity to Fulton Market: Four blocks away, with approximately 60,000 SF of retail and over 1 million SF of office space proposed or under construction.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
8,270
Businesses Nearby
141k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Groceries 26%
Shops & Services 10%
Apparel 4%
Punch Bowl Social
Dining
48,113 visits/mo
0.2 miles
Jewel-Osco
Groceries
37,290 visits/mo
0.3 miles
Shake Shack
Dining
14,493 visits/mo
0.4 miles
Velvet Taco
Dining
6,067 visits/mo
0.4 miles
Chase Bank
Shops & Services
5,853 visits/mo
0.3 miles
Demographics for 60642, IL
21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with outdoor seating near transit and new developments.
Where is this retail space located?
The property is located at 500 N Milwaukee Ave Chicago, IL.
What are key features of this property?
This property features: Located at a **highly visible and busy intersection** (Milwaukee/Grand/Halsted) at the base of a luxury apartment development with 227 units.; Transit‑oriented location**: Steps from Grand Blue Line train stop and bus stops on Grand and Milwaukee Avenues.; Proximity to Fulton Market: Four blocks away, with approximately 60,000 SF of retail and over 1 million SF of office space proposed or under construction.
