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2839 N Milwaukee Ave B1 Chicago, IL 60618

Retail space Google Maps
6,300 SF 0.14 ac lot Built 1910
Entity Owned 4-yr Hold Free & Clear
2839 N Milwaukee Ave,Unit B1, Chicago, IL 60618 For Lease
$15 SF/Yr 3,500 SF available
2839 N Milwaukee Ave,Unit B1, Chicago, IL 60618
View Listing →
Estimated value (blended)
$920k
Range $828k – $1.01M (±10%)
Property ID US28-0786703

Property summary

AI-generated overview

This exceptional retail property, located at 2839 N Milwaukee Avenue in Chicago's vibrant Logan Square neighborhood (zip code 60618), offers 21 individual salon suites for lease. The entire 1,958 square foot building is currently vacant, presenting a unique opportunity for a diverse range of businesses. Each suite offers flexibility, with sizes ranging from a minimum of 69 square feet to a maximum contiguous space of 123 square feet. This allows for businesses of various scales to find a suitable fit. The property is zoned B2-2, providing ample possibilities for commercial uses within the zoning regulations. Situated in Cook County, Illinois, this location benefits from high visibility and foot traffic in a bustling commercial area. The property's layout is ideal for independent entrepreneurs or a cohesive group of complementary businesses seeking a shared space. The building's total square footage is 1,958 square feet, with each suite individually metered for utilities (details available upon request). This prime location offers excellent potential for growth and success in a thriving Chicago neighborhood. Interested parties should inquire for lease terms and conditions. The property is ready for immediate occupancy.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1910
Total area 6,300 SF
Lot 0.14 ac (6,206 SF)
APN 13-26-218-087
UPID US28-0786703

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
  • Hair Salon Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$885k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$920k

Owner & transaction history

since 2022
Last sale
$860,000
3 recorded transactions
2022
$860,000
2019
Price N/A
2019
Price N/A

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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