1542-1550 Milwaukee Ave Chicago, IL 60622
- Retail properties
- 36,000 SF
Current Use by Public Records
- Retail properties
Property Details for 1542-1550 Milwaukee Ave
- Property size
- 36,000 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional four-story mixed-use building, totaling 36,000 square feet, presents a unique investment opportunity in the vibrant Wicker Park neighborhood of Chicago, Illinois. Located at 1542-1550 N Milwaukee Avenue, this property boasts a prime location just steps from the bustling intersection of North, Damen, and Milwaukee Avenues, and the Damen Blue Line L stop. The building currently features six residential apartments and a 12,500 square foot ground floor retail space, currently vacant, plus a full, clean basement. The retail space, previously occupied by a furniture store, offers significant flexibility for a variety of uses. The property sits on a 12,500 square foot lot and is zoned B3-2. Its strategic location places it amidst a thriving retail landscape, surrounded by both national and local businesses, including Yeti, Levi's, Chase Bank, Dr. Martens, Jeni's Ice Cream, Adidas, The UPS Store, Lou Malnati's Pizza, 7-Eleven, Carhartt, Piece Pizza, Stan's Donuts, Subterranean, Big Star, Urban Belly, Flatiron Building, Chop Shop, The Robey Hotel, and 5411 Empanadas. The 2023 property taxes were $43,688.57. The Property Identification Number (PIN) is 17-06-207-009. This is an unparalleled chance to acquire a substantial property in one of Chicago's most desirable and dynamic neighborhoods.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6764
- Latitude
- 41.9094
