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    OFF-MARKET
    Retail properties & Spaces

    2769-2787 Milwaukee Ave, Chicago, IL 60647

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    Property summary
    AI-generated overview

    This exceptional retail opportunity presents three distinct spaces for lease in the vibrant Logan Square neighborhood, situated on Milwaukee Avenue just south of Diversey and Kimball Avenues. The property boasts high visibility with over 13,100 vehicles passing daily, nestled within a bustling retail corridor. Neighboring businesses include Gap Outlet, a boxing gym, a wine bar, Bank of America, a brewery, and a pickle shop, ensuring high foot traffic. The spaces themselves are bright and airy, featuring large windows, an ADA-compliant bathroom, and a convenient mechanical room with a mop sink. Sizes range from 1,436 square feet to 2,670 square feet. One space offers a substantial 770 square foot basement with separate entrances on Milwaukee and Diversey Avenues. The building is strategically located near public transportation, including CTA bus routes #56 Milwaukee and #76 Diversey, the #82 Kimball/Homan bus, and less than a block from the CTA Blue Line Logan Square station (Spaulding entrance). Rental rates are Net, Net, Net (NNN) and vary by space, ranging from $26 to $35 per square foot. This is a unique chance to establish a presence in a thriving, high-traffic area of Chicago's Logan Square submarket, within Cook County's B3-3 zoning district. The building is a four-story structure.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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