Rare C2-2 Zoned Retail For Sale

1138 North Milwaukee Avenue Chicago, IL 60642

1138 North Milwaukee Avenue, Chicago, IL, 60642
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FOR SALE
Property Type:
Street Retail
Amount:
$325,000
Last Verified:
Oct 18, 2024

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Highlights

  • Built in 2008, modern and well-maintained
  • Zoned C2-2, allowing for a range of retail uses
  • High visibility on North Milwaukee Avenue
  • Excellent foot traffic for retail business
  • Proximity to public transportation for customer access

Description

Spacious 1,250 SF commercial condominium offers an incredible opportunity in a prime Chicago location! A rare combination of low real estate taxes and C2-2 zoning, this property sits in the highly desirable West Town neighborhood. This unit provides both exceptional investment value and potential for growth.

Originally designed as an office for the building’s developer, this unit includes a reception area, conference room, three private offices, and a washroom, all beneath a soaring 12-foot ceiling. It's fully equipped with robust mechanical, electrical, and plumbing systems, including a gas-forced air unit, electric water heater, and 200-amp electrical service. Currently utilized as a thriving med spa facility, the space is in excellent condition and ready to accommodate any professional, office, or retail business looking to establish itself in a vibrant neighborhood.
Don’t miss out on this unique opportunity to own a prime piece of Chicago real estate, perfectly suited for a variety of uses!

Discover a prime investment opportunity at 1138 N Milwaukee Avenue in the heart of Chicago's vibrant West Town neighborhood, just a short distance from the bustling retail corridor of Wicker Park. This high-traffic location offers unparalleled access to transportation, with the CTA Division Street Blue Line Station only a block away, ensuring quick and easy commutes. The property is also served by #9 and #70 bus lines for convenient travel throughout the city.

Milwaukee Avenue boasts protected bike lanes on both sides, catering to the city's growing cyclist population. Unlike other sections, this stretch offers the added advantage of metered parking on both sides, enhancing accessibility for visitors and tenants alike. With its prime location and superb transit connections, 1138 N Milwaukee Avenue is perfectly positioned for thriving business ventures. Don’t miss out on securing a spot in one of Chicago's most sought-after areas!


Year Built: 2008
Building Size: 1250sq ft
Lot Size: 3081.0 acres


Documents

1138 N Milwaukee Ave

Map of 1138 North Milwaukee Avenue, Chicago, IL, 60642

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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.