2118 Milwaukee AveChicago, IL 60647

Property Details for 2118 Milwaukee Ave

Year built

1990

Lot size

0.12 AC

Property type

Retail space

APN

13-36-230-011

APU

1336230011

Description

This exceptional 4,250 square foot retail space, located at 2118 N Milwaukee Ave in Chicago's vibrant Bucktown/Palmer Square neighborhood, offers a unique opportunity for a variety of businesses. Situated across from the Congress Theater on the bustling Milwaukee Avenue Corridor, this clear-span building boasts no interior columns, providing maximum flexibility for layout and design. The space is easily divisible into two 2,125 square foot units, catering to businesses of varying sizes. Previously occupied by Gillman Ace Hardware for over four decades, this highly visible location is ideal for a range of uses, including medical and dental offices, restaurants, daycare centers, salons, and other retail establishments. Allowable uses include medical/dental offices, daycare centers, veterinary clinics, dog grooming businesses, hair salons, restaurants, coffee shops, and tattoo shops. The property's prime location in a thriving area with excellent access to public transportation makes it an attractive option for businesses seeking to establish a presence in a dynamic and growing community. This is a rare opportunity to secure a prominent space in one of Chicago's most sought-after neighborhoods. The property is located in Cook County, Illinois, zip code 60647.

• CAP approach

  CAP return

  Valuation

  6%

  $2,230,171

  6.5%

  $2,058,620

  7%

  $1,911,575

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,654,279

  Geo Method

  $1,654,279

• Alternative Use

  Use

  Valuation

  Residential

  $1,736,523

  Hospitality

  $1,590,645

  Educational

  $1,323,398

  Medical

  $1,368,912

  Retail

  $2,058,620

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9196

Longitude

-87.6924

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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