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    4202 Milwaukee Ave Chicago, IL 60641

    Sponsored
    For Lease
    $10 SF/Yr

    Flexible Office Suites, Chicago

    Lot size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 4202-04 N Milwaukee Ave in Chicago's vibrant Portage Park neighborhood, offers versatile office space ideal for a variety of businesses. Situated near the bustling Six Corners intersection of Milwaukee and Berteau Avenues, this location provides excellent visibility and accessibility. The property features a total of 2,000 square feet, divisible into two 1,000-square-foot suites. While connected by a back hallway, the suites are currently separated by a wall. The property is zoned B3-1 and is perfect for traditional, executive, medical, or creative office uses. The landlord is open to collaborating with tenants to create a customized space. Building amenities include HVAC and water, covered by ownership. Tenant responsibilities are limited to rent, electricity, gas, and trash removal. This is a fantastic opportunity to secure a well-located, adaptable space in a thriving Chicago neighborhood. The property is a single-tenant space, offering privacy and control. Inquire today to learn more about this exciting opportunity.

    Property Features for 4202 Milwaukee Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,500 SF

    Unit(s) available at that property

    Space
    Size
    1,500 SF
    Rate per SF
    $10

    HighLights

    • Prime Portage Park location near Six Corners intersection of Milwaukee & Berteau Aves.
    • 2,000 SF divisible into two 1,000 SF suites, currently separated but easily combined.
    • Landlord offers tenant improvement allowances.
    • Owner pays for property taxes, water, heating, and AC.
    • Tenant pays rent, electricity, gas, and trash; B3‑1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ireneusz Stobiecki Alternative Medicine Practitioner Umme Medical SRVS Laboratory

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon 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
    -87.7516639
    Latitude
    41.9572027

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    FAQs

    What type of property is this?
    Office space - Flexible Office Suites, Chicago
    Where is this office space located?
    The property is located at 4202 Milwaukee Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Prime Portage Park location near Six Corners intersection of Milwaukee & Berteau Aves.; 2,000 SF divisible into two 1,000 SF suites, currently separated but easily combined.; Landlord offers tenant improvement allowances.
    Request Owner's contact information
    4202 Milwaukee Ave Chicago, IL 60641
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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
    4202 Milwaukee Ave Chicago, IL 60641
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