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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

500 Milwaukee Ave Chicago, IL 60642

Property ID
Property summary
AI-generated overview

This exceptional retail opportunity presents two available spaces, totaling 1,011 to 1,366 square feet, ideally situated at the base of a vibrant 227-unit luxury apartment building. The property boasts a highly visible location at the bustling intersection of Grand and Milwaukee Avenues in Chicago's desirable West Loop neighborhood. This transit-oriented location offers unparalleled accessibility, with the Grand Blue Line train station and numerous bus stops conveniently located on both Grand and Milwaukee Avenues. The property benefits from its proximity to major transportation arteries, including the Kennedy Expressway, and is just steps away from some of Chicago's most acclaimed restaurants, such as The Dawson, Piccolo Sogno, and La Scarola. The strong co-tenancy includes established businesses like Starbucks, Stax Cafe, Bank of America, and American Dental Associates, ensuring high foot traffic and a thriving commercial environment. This location is also near the 30-acre Bally's Casino site, further enhancing its appeal and potential for significant growth. The spaces are perfect for a variety of retail or restaurant concepts seeking a prime location in a rapidly developing area of Chicago. This is a unique chance to establish a business in a high-traffic, well-connected, and amenity-rich environment. Inquire today to learn more about this exciting opportunity.

Property profile
Verified
Property type Retail properties & Spaces
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
  • Chicago Fast Home Plumbers Plumbing Service General Contractor
  • Bank of America ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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