Property profile

2497 Milwaukee Ave Chicago, IL 60647

OFF-MARKET
Retail properties & Spaces
Property ID
US28-2588997
Built 2016
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This 1,000-square-foot retail space, located at 2497 N Milwaukee Ave in Chicago's vibrant Logan Square neighborhood (zip code 60647, Cook County, IL), is available for lease starting June 1st. Situated in a four-story, 2016-built building, this single-tenant space boasts a high-visibility storefront with large windows, perfect for showcasing your business. The property is zoned C2-2 and features 200 amp, 3-phase electrical service and 4 tons of air conditioning. Previously occupied by a microblading studio, this versatile space is ideal for a variety of uses, including office, restaurant, cafe, salon/spa/nail salon, dry cleaner, or boutique. Benefit from a high-traffic location with over 11,000 vehicles passing daily and a walk score of 97. Enjoy proximity to a new 216-unit luxury apartment building, increasing foot traffic and visibility. The location offers convenient access to public transportation, including the CTA #56 Milwaukee bus route, and is within walking distance of several Blue Line stations and Divvy bike stations. Nearby amenities include Palmer Square Park (0.4 miles), Target, Jeni's Splendid Ice Cream, Pure Barre, and numerous popular restaurants and shops. This exceptional location provides unparalleled opportunities for business growth and success in a thriving community.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2016
UPID US28-2588997

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic Skin Care Clinic
  • Spa & Massage Center Alternative Medicine Practice

Location

2497 Milwaukee Ave Chicago, IL 60647
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2497 Milwaukee Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message