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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1138 Milwaukee Ave Chicago, IL 60642

1,250 SF Built 2008
Property ID
Property summary
AI-generated overview

This exceptional 1,250 square foot commercial condominium presents a rare investment opportunity in Chicago's desirable West Town neighborhood. Located at 1138 N Milwaukee Ave, this vacant, ground-floor storefront boasts a coveted C2-2 zoning designation, allowing for a diverse range of retail and office uses. Built in 2008, the property is in excellent condition and features a modern layout including a reception area, conference room, three private offices, and a washroom. The unit benefits from high ceilings (12 feet), robust mechanical, electrical, and plumbing systems (gas-forced air unit, electric water heater, 200-amp electrical service), and low real estate taxes. Its prime location on North Milwaukee Avenue ensures high visibility and excellent foot traffic, ideal for a retail business. Conveniently situated near the CTA Division Street Blue Line Station and served by #9 and #70 bus lines, this property offers unparalleled access to public transportation. The 1,250 square foot unit sits on a 3,081 square foot lot (APN: 17-05-301-064-1001). This owner-user opportunity is perfect for businesses seeking a vibrant, high-traffic location in a thriving area of Chicago. The property is a single unit commercial condo within a single building. Asking price is $325,000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2008
Total area 1,250 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
Current use
Occupant on record · Public records
  • Permanent MakeUp by Aziza Kim / PMU Training Medical Clinic Skin Care Clinic
  • Walco Construction Construction Company
  • MUSE Salons Hair Salon Nail Salon
  • MUSE Laser&Spa Wicker Park Skin Care Clinic
  • TopLashes Hair Salon Nail Salon
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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