1209 Milwaukee Ave Chicago, IL 60642
- Retail space
- 4,700 SF
- 0.07 lot acres
Current Use by Public Records
- Fifth Third Bank & ATM / Bank / Mortgage Lender
- Kate Corby & Dancers / Arts Organization
- Oslo Builders / Contractor
Property Details for 1209 Milwaukee Ave
- Year built
- 1917
- Lot size
- 0.07 lot acres
- Property size
- 4,700 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 17-05-115-082
- APU
- 1705115082
Description
This exceptional three-story, 20,050 square foot mixed-use building is strategically located at 1209 N Milwaukee Ave in Chicago, IL, 60642. Boasting a highly visible location at the intersection of Division, Ashland, and Milwaukee Avenues, this property benefits from significant foot traffic (55,000 total) and proximity to the Division Blue Line. Currently, a portion of the building (3,481 square feet) is net leased to Fifth Third Bank until 2026, with three five-year renewal options included. This lease also encompasses the 12-space parking lot situated behind the building. The expansive facade presents a remarkable branding opportunity. The building's zoning (B1-3) allows for diverse uses, including retail, office, hotel, or residential space. The upper floors offer significant potential for conversion into self-storage units. With a land area of 8,640 square feet, this property presents a compelling investment opportunity for both users and investors seeking a prime location in a vibrant Chicago neighborhood. The building's versatility and prominent location make it an ideal candidate for a wide range of development and investment strategies.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6667
- Latitude
- 41.9039
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
