Listing Agency: Aria Real Estate M***@ariare.net Show Phone

Listed By: Roman Serra · License #471022459 Show Phone

Source: Exprealty

Added: Sep 2 Changed: Sep 11 Last Checked: Sep 14 at 12:44PM

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Investment Insights

Based on property information with market context.

Located at 2722 N Milwaukee Ave, S1-2, this first-floor retail space comprises 6,619 square feet across Sections 1 and 2. The layout is positioned for a range of commercial concepts and carries C1-1 zoning. The offering is structured as an NNN lease.

The property fronts Milwaukee Ave in Logan Square, with reported traffic of over 14,500 vehicles per day and a walk score of 97. Nearby building occupants include The Harding Tavern, Mucho Gusto, Pearle Vision, Mr. E's, Cafe Con Leche, Fresenius Kidney Care, and Logan Square Gym. Public transportation access includes CTA bus routes #56 Milwaukee & Spaulding and #76 Kimball/Homan, along with the CTA Blue Line Logan Square station's Spaulding entrance.

Key Highlights

• 6,619‑square‑foot retail space at 2722 N Milwaukee Ave, S1‑2
• C1‑1 zoning supports a range of commercial concepts
• Over 14,500 vehicles per day on Milwaukee Ave

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Clothing & Fashion Store Adult Day Care Restaurant Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

32,050

Businesses Nearby

216k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 48% Dining 33% Shops & Services 11% Hotels & Casinos 7%

Whole Foods Market Groceries

48,567 visits/mo 0.4 miles

Punch Bowl Social Dining

48,113 visits/mo 0.5 miles

Jewel-Osco Groceries

37,290 visits/mo 0.3 miles

Binny's Beverage Depot Groceries

18,399 visits/mo 0.4 miles

Hampton Inn Chicago Downtown West Loop Hotels & Casinos

16,073 visits/mo 0.2 miles

Demographics for 60661, IL

11,987

Population

8,049

Households

1.5

Avg Household Size

32

Median Age

88%

College-Educated

99%

High-School Grad

0.3 sq mi

ZIP Area

39,957

Density / Sq Mi

$138,831

Median Household Income

$105,935

Median Earnings

$2,403

Median Rent

$397,700

Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.22 /SF/Yr

Avg Asking Price

$11–$133 /SF/Yr

Price Range

3,744 SF

Avg Space Size

This space is priced 12% below the average of $27.22 /SF/Yr.

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019

9.2% 2020

8.8% 2021

8.1% 2022

7% 2023

6.6% 2024

7.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Street-level commercial space with C1-1 zoning and access to established retail, dining, and entertainment activity.

Where is this storefront property located?

The property is located at S1-2-2722 N Milwaukee Ave Chicago, IL.

What is the lease rate?

The lease rate is $24 SF/Yr.

What are key features of this property?

This property features: 6,619‑square‑foot retail space at 2722 N Milwaukee Ave, S1‑2; C1‑1 zoning supports a range of commercial concepts; Over 14,500 vehicles per day on Milwaukee Ave