Realmo Analytics
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Property summary
This exceptional investment opportunity presents a 3,009 square foot, single-tenant retail storefront located at 1514 N Milwaukee Ave, Chicago, IL 60622. The property is 100% occupied by 2nd STREET, a rapidly expanding international retailer with over 700 stores globally, under a net lease with a corporate guarantee. The lease commenced in 2024 and extends to January 31, 2034, offering a remaining term of approximately 9.2 years with 3% annual rent increases. The property boasts… approximately 150 feet of frontage on a prominent corner location in Chicago's vibrant Wicker Park neighborhood, benefiting from high pedestrian and vehicle traffic (46,450 VPD). The property's strategic location is within close proximity to major transportation arteries, including the CTA Blue Line and several bus routes, and is surrounded by a thriving mix of national retailers, restaurants, and entertainment venues. The strong tenant, 2nd STREET, is part of GEO Holdings Corporation, a company with a market capitalization of $75 billion and $425 billion in revenue over the past year. The property's Net Operating Income (NOI) is $161,538, resulting in a 7.41% cap rate. The asking price is $2,180,000. The property is zoned B3-2 and features a single story. Within a one-mile radius, the area boasts a population of 62,737, an average household income of $152,496, and a median home value of $600,207. This presents a compelling investment opportunity with a stable, high-performing tenant in a highly desirable location. The property's APN is 17-06-207-030-0000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 17 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Lot area
- 0.07 ac
- Year built
- 1904
- Stories
- 1
- APN
- 17-06-207-030
- Assessed value · 2022
- $101,070
- Annual tax · 2022
- $21,373
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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