Portage Park Area Retail Opportunity

4455-4457 N Milwaukee Ave Chicago, IL 60630

4455-4457 N Milwaukee Ave, Chicago, IL, 60630
4455-4457 N Milwaukee Ave, Chicago, IL, 60630 4455-4457 N Milwaukee Ave, Chicago, IL, 60630 4455-4457 N Milwaukee Ave, Chicago, IL, 60630 4455-4457 N Milwaukee Ave, Chicago, IL, 60630 4455-4457 N Milwaukee Ave, Chicago, IL, 60630 4455-4457 N Milwaukee Ave, Chicago, IL, 60630 4455-4457 N Milwaukee Ave, Chicago, IL, 60630 4455-4457 N Milwaukee Ave, Chicago, IL, 60630 4455-4457 N Milwaukee Ave, Chicago, IL, 60630 4455-4457 N Milwaukee Ave, Chicago, IL, 60630
FOR SALE
Property Type:
Street Retail
Amount:
$750,000
Last Verified:
Feb 17, 2025

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Highlights

  • Prime location on busy N Milwaukee Ave
  • - High visibility for retail businesses
  • - Ample un/loading and storage area
  • - Solid, well-maintained 6,250 SF building
  • - Built in 1955 with timeless appeal
  • - Zoned B3-1 for versatile usage options
  • - 100% occupancy with long-term tenants
  • - Ideal for retail or street retail investors

Description

Portage Park Retail / Office Opportunity For Sale

Discover the vibrant commercial potential of the Northwest Side / Portage Park Opportunity. This burgeoning community offers convenient access to a diverse array of amenities and attractions, making it an attractive prospect for retail, office, and industrial needs alike. The space contacts 3 spaces that all are being rented separated. Two of the spaces are 2,350 SF. One customer will exit when the sale finalizes and the other is currently leased until December 2025. There is a 1,200 SF oversized garage / loading dock that is currently being rented on a MTM basis that will also be vacant at the time of the sale. Enjoy close proximity to lively dining options such as Community Tavern and Sabatino's, as well as recreational opportunities at Portage Park. With a strong sense of community and a range of businesses in the vicinity, the area presents a prime opportunity for investment in the heart of Chicago's Northwest Side.


Year Built: 1955
Building Size: 6250sq ft
Lot Size: 0.17 acres

Map of 4455-4457 N Milwaukee Ave, Chicago, IL, 60630

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.