5960-62 Milwaukee Ave, Chicago, IL 60646
This exceptional Class A office building, located at 5960-62 N. Milwaukee Ave in Chicago, IL, offers 12,800 square feet of space across two buildings and two stories. The property features a high-end executive suite with a large bathroom including a steam shower, and a total of 18 parking spaces, including a 3-car garage and 4 spaces assigned to the second floor. The second floor boasts six private offices, open bullpen space, and the aforementioned executive bathroom with a double vanity. The building boasts 8-foot solid core wood doors throughout. Currently, a medical tenant occupies the first floor, generating $220,000 in annual rental income under a lease with seven years remaining. The B3-1 zoning allows for diverse tenant types. The property benefits from excellent visibility and high traffic counts on Milwaukee Avenue, providing a tremendous signage opportunity. Conveniently located near the 90/94 expressway, multiple 'L' stations, and Metra, this property also enjoys proximity to numerous national and local businesses, including Chase Bank, Walgreens, and various restaurants and shops. The asking price is $2,600,000. The lot size is 14,786 square feet.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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