For Sale
$5,920,000

1455 Milwaukee AveChicago, IL 60622

Chicago medical & retail, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional two-story mixed-use building in Chicago's vibrant Wicker Park neighborhood presents a compelling investment opportunity. The 11,370 square foot property boasts 125 feet of frontage on Milwaukee Avenue and includes a rare 23-space surface parking lot. Currently 100% occupied by two strong tenants, Barry's Bootcamp and Kindbody (dba Vios Fertility Institute), the property offers a stable income stream. Barry's Bootcamp occupies the ground floor retail space under a 10-year net lease with 3% annual rent increases. Kindbody, a leading fertility clinic, occupies the upper floor under a recently extended 5-year net lease. The building's prime location benefits from high pedestrian and vehicle traffic counts (45,900 VPD), proximity to the Damen Blue Line 'L' station, the Kennedy Expressway (I-90/94), and The 606 trail. The surrounding area features strong demographics, with a one-mile radius boasting an average household income of $154,240 and a median home value of $602,611. The property is zoned B3-2 and sits on a 14,750 square foot lot. With a stabilized investment type, net lease structure, and a 7.30% cap rate, this property offers a strong return on investment. The asking price is $5,920,000, with a net operating income (NOI) of $432,068. This is a truly unique opportunity to acquire a trophy asset in a highly desirable location.

Property Details for 1455 Milwaukee Ave

Property type
Retail properties, Office properties
Buildings
1
Stories
2
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9083711
Longitude
-87.6739506
1455 Milwaukee Ave, Chicago, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1455 Milwaukee Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message