1138 Milwaukee Ave, Chicago, IL 60642

Property Details for 1138 Milwaukee Ave

Year built

2008

Property type

Retail properties & Spaces

Property subtype

Office Spaces

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.665

Latitude

41.9025