5820 Milwaukee Ave Chicago, IL 60646

This exceptional 29,862 square foot development site, located at 5820 N Milwaukee Ave in Chicago's Jefferson Park neighborhood (zip code 60646), presents a unique investment opportunity. The property features a 15,184 square foot single-story commercial building, formerly a grocery store, complete with a loading dock and freight elevator. A 4,000 square foot partial basement and mezzanine add significant storage or expansion potential. The site boasts 150 feet of frontage on Milwaukee Avenue, providing excellent visibility and accessibility via two curb cuts. Ample parking is available for 48 vehicles. The property enjoys convenient access to major expressways, I-94 Edens and I-90 Kennedy, and benefits from a high daily traffic count of 13,622 vehicles. Nearby amenities include a new Chase Bank and various neighborhood shops and restaurants. The B3-1 zoning allows for a variety of uses. The asking price is $1,750,000, with a lease rate of $15.50 per square foot (modified gross). This property is ideal for redevelopment or continued use as a retail space. The strong demographics of the Jefferson Park neighborhood and the property's prime location make this a compelling investment opportunity.