886-888 Milwaukee Ave Chicago, IL 60642
This exceptional 6,750-square-foot property, situated on a 0.18-acre lot in Chicago's desirable River West neighborhood, presents a rare investment and development opportunity. The building boasts flexible C1-2 zoning, allowing for a variety of uses including executive office, manufacturing, restaurant, and warehouse space. Its prime location offers unparalleled visibility from I-90/I-94, with a daily vehicle count exceeding 206,000, ensuring high exposure for any business. The property includes a currently income-generating billboard, adding significant value. This is an ideal opportunity for owner-users seeking a versatile space or developers looking to capitalize on the area's strong growth potential. The sale price is subject to offer. The property features one dock-high door and offers significant potential for redevelopment or continued operation as a multi-use facility. This is a unique chance to acquire a strategically located asset in a thriving Chicago neighborhood. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.