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    Property profile & analytics
    OFF-MARKET
    Retail space

    1215 Milwaukee Ave, Chicago, IL 60642-2216

    2,200 SF 0.07 ac lot Built 1942
    Entity Owned 19-yr Hold Free & Clear
    Property ID
    US28-5907430
    Property summary
    AI-generated overview

    This exceptional 2,800 square foot restaurant space is ideally situated in the heart of West Town, directly across from the Polish Triangle Plaza. Benefit from unparalleled visibility and high pedestrian traffic in this prime location. The property boasts extensive, high-quality installations including a 20-foot hood, durable all-ceramic flooring, high-quality countertops, and two walk-in coolers. The space is fully equipped with central air conditioning and includes two public restrooms and a separate employee bathroom. Convenient access to public transportation is a key advantage, with proximity to Milwaukee Avenue, Ashland Avenue, Division Street, the Division Blue Line Station, and a Lime E-Scooter Hub. The location also offers easy access to I-90/94. This turnkey restaurant space presents a unique opportunity for a successful culinary venture in a highly desirable and vibrant neighborhood. Annual property taxes are $13 per square foot. The single-tenant occupancy ensures ease of management and control. This is a truly exceptional opportunity to establish or relocate your restaurant business in a thriving West Town location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1942
    Total area 2,200 SF
    Lot 0.07 ac (2,880 SF)
    APN 17-05-115-081
    UPID US28-5907430
    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
    • Dr. Bird’s Jamaican Patty Shack Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    1215 Milwaukee LLC · 19 yrs held
    1215 Milwaukee LLC
    since 2007
    5 recorded transactions
    2007
    2003
    $391,000
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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