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    OFF-MARKET
    Office Spaces

    5960-62 Milwaukee Ave, Chicago, IL 60646

    12,800 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Total area 12,800 SF
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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