3500 Milwaukee Ave Chicago, IL 60641

This exceptional 24,800 square foot vacant storefront building in Chicago's desirable Portage Park neighborhood presents a unique redevelopment opportunity. Situated on a 0.87-acre lot (37,763 square feet) encompassing seven contiguous parcels, the property boasts prominent frontage on Milwaukee Avenue, offering unparalleled visibility and accessibility. Built in 1955 and renovated in 1997, the single-story building features 30 parking spaces and is zoned B1-1, allowing for a wide range of uses, including retail, restaurants, offices, and residential units (above the first floor). The property benefits from its location near the revitalized Six Corners shopping district, Kilbourn Park, and numerous public transportation options, including bus lines, Metra, and CTA "L" stations. Easy highway access via Interstates 90 and 94 further enhances its appeal. The strong demographics of the area, with over 54,100 people within a one-mile radius and an average household income exceeding $118,543, underscore the significant potential for success. This prime location, combined with the versatile zoning and substantial lot size, makes this an ideal investment for owner-users, investors seeking a lease opportunity, or developers looking to capitalize on the area's growth. The property is currently vacant and ready for immediate development or lease. The land value alone is $93 per square foot. The asking price is $3,500,000, representing a price per square foot of $141.