500 Milwaukee Ave Chicago, IL 60642
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.
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Chicago Fast Home Plumbers Plumbing Service General Contractor
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Bank of America ATM Atm
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
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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.