Property profile

2247 Milwaukee Ave Chicago, IL 60647

OFF-MARKET
Neighborhood centers
16,000 SF Built 1961
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Property summary

AI-generated overview

This 1,800 square foot retail end cap space is available for lease at 2247 N. Milwaukee Avenue in Chicago's Logan Square neighborhood. Located on the northwest side, this single-tenant property is part of a strip center with established co-tenants including Orange Theory, Dunkin' Donuts, and Bubbleland. The property boasts excellent visibility due to its location on Milwaukee Avenue and dual-sided monument signage, benefiting from approximately 12,400 vehicles per day. Ample on-site parking is provided at a ratio of 8 spaces per 1,000 square feet. The building, constructed in 1961, offers a total of 16,000 square feet. This prime location offers easy access to the Kennedy Expressway (I-90/I-94), less than one mile west, and is conveniently situated steps from the California "L" station (Blue Line). The area is densely populated with numerous national retailers and local businesses, including Dollar Tree, Colectivo Coffee, Subway, Ace Hardware, and Chase Bank. This presents a unique opportunity to establish a thriving business in a vibrant and well-connected Chicago neighborhood. The property is in Cook County, Illinois, and has a zip code of 60647.

Property profile

Verified
Property type Neighborhood centers
Year built 1961
Total area 16,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Cafe & Coffee Shop
  • Grocery & Convenience Store Specialty Food Shop

Location

2247 Milwaukee Ave Chicago, IL 60647
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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