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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1138 Milwaukee Ave Chicago, IL 60642

6,098 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 Avenue, this single-tenant property boasts a coveted C2-2 zoning designation and low real estate taxes, promising significant potential for growth. Originally designed as an office, the space features a reception area, conference room, three private offices, and a washroom, all under a striking 12-foot ceiling. The unit is equipped with high-quality mechanical, electrical, and plumbing systems, including a gas-forced air unit, electric water heater, and a robust 200-amp electrical service. Currently operating as a successful med spa, the property is in excellent condition and ready for immediate occupancy by a variety of professional, office, or retail businesses. Its prime location offers unparalleled accessibility, situated just a block from the CTA Division Street Blue Line Station and conveniently served by #9 and #70 bus lines. The larger building encompasses 6,098 square feet on a 3,081 square foot lot and was constructed in 2008. This is a unique chance to acquire a thriving business space in a high-traffic area, benefiting from the vibrant energy of West Town and its proximity to the bustling retail corridor of Wicker Park. The property's single-tenant occupancy and strong infrastructure make it an ideal investment for discerning buyers seeking a stable and potentially high-return asset in a prime Chicago location. Cook County APN: 17-05-301-064-1001.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2008
Total area 6,098 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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