2320 Milwaukee Ave, Chicago, IL 60647
This exceptional retail property, located at 2320 N Milwaukee Ave, Chicago, IL 60647, presents a unique investment opportunity. Situated on a hard corner, this multi-tenant space boasts prominent frontage and signage on both Milwaukee Avenue and Belden Avenue, ensuring maximum visibility. The clean shell unit offers 2,670 square feet of vacant space, perfect for a variety of restaurant concepts, and includes a full basement ideal for storage or office space. The property benefits from significant power upgrades, featuring 400 AMP service. Ample street parking is available on both sides of the building, enhancing customer convenience. This location is situated within a high-traffic, urban business corridor, benefiting from its proximity to a dense residential population in a high-income area. Furthermore, the property enjoys exceptional public transportation access, being just one block from the CTA Blue Line California Avenue stop and one block from two CTA bus stops. Easy access to major roadways is also a key advantage, with I-90/94 located only five blocks away. This prime location offers unparalleled exposure and accessibility, making it an ideal investment for discerning business owners.
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.