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1359 N Milwaukee Ave

2,500 SF Retail Building Chicago, IL 60622 $1,200,000 ($480/SF)

Investment Highlights

  • Prime Location In The Heart of Bucktown / Wicker Park
  • Fully Finished Lower Level w/ Washer and Dryer
  • Turnkey Restaurant w/ Black Iron
  • Heavy Foot and Vehicle Traffic

Executive Summary

Prime restaurant opportunity in Bucktown / Wicker Park!! Rare opportunity to launch your restaurant concept in a meticulously maintained, free-standing building offering 2,500sf of fully turn-key restaurant space recently renovated , with a lower-level, ideal for prep, storage, and additional back of house space - can also be converted to additional restaurant/retail space. Black iron is in place. Walk-ins installed. High-end finishes throughout. Kitchen design is incredibly efficient and can accommodate any concept - from fast casual to fine dining. Hard to beat location, offering incredible visibility along one of Chicago's premier retail and restaurant corridors. Brand new roof installed in October of 2024 that comes with a 10-year warranty. Reach out to listing broker for list of available FF&E. Also available for lease at $45/sf, NNN.

Taxes & Operating Expenses (Actual - 2022) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2022) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,500 SF
Building Class
C
Year Built
1888
Price
$1,200,000
Price Per SF
$480
Tenancy
Single
Building Height
1 Story
Building FAR
0.96
Land Acres
0.06 AC
Zoning
B1-2
Frontage
93 FT on Milwaukee Ave

Amenities

  • 24 Hour Access
  • Bus Line
  • Commuter Rail
  • Metro/Subway
  • Restaurant
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Accent Lighting
  • Storage Space
  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,500 SF
  • Restaurant
  • In-Line
  • Now

FOR SALE OR LEASE!! Prime restaurant opportunity in Bucktown / Wicker Park!! Rare opportunity to launch your restaurant concept in a meticulously maintained, free-standing building offering 2,500sf of fully turn-key restaurant space recently renovated , with a lower-level, ideal for prep, storage, and additional back of house space - can also be converted to additional restaurant/retail space. Black iron is in place. Walk-ins installed. High-end finishes throughout. Kitchen design is incredibly efficient and can accommodate any concept - from fast casual to fine dining. Hard to beat location, offering incredible visibility along one of Chicago's premier retail and restaurant corridors. Brand new roof installed in October of 2024 that comes with a 10-year warranty. Reach out to listing broker for list of available FF&E. Also available for lease at $45/sf, NNN.

Space Size Space Use Position Available
1st Floor 2,500 SF Restaurant In-Line Now

1st Floor

Size
2,500 SF
Space Use
Restaurant
Position
In-Line
Available
Now

1st Floor

Size 2,500 SF
Space Use Restaurant
Position In-Line
Available Now

FOR SALE OR LEASE!! Prime restaurant opportunity in Bucktown / Wicker Park!! Rare opportunity to launch your restaurant concept in a meticulously maintained, free-standing building offering 2,500sf of fully turn-key restaurant space recently renovated , with a lower-level, ideal for prep, storage, and additional back of house space - can also be converted to additional restaurant/retail space. Black iron is in place. Walk-ins installed. High-end finishes throughout. Kitchen design is incredibly efficient and can accommodate any concept - from fast casual to fine dining. Hard to beat location, offering incredible visibility along one of Chicago's premier retail and restaurant corridors. Brand new roof installed in October of 2024 that comes with a 10-year warranty. Reach out to listing broker for list of available FF&E. Also available for lease at $45/sf, NNN.

Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

9Round
Harold's Chicken Shack
Shred415
Jazzercise
Barry's
CAVA
Byline Bank
Bonchon
Philz Coffee
Fifth Third Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-06-219-040-0000
Land Assessment
$12,000 (2023)
Improvements Assessment
$69,046 (2023)
Total Assessment
$81,046 (2023)
Annual Taxes
($2,500) (($1.00)/SF)
Tax Year
2022 Payable 2023
  • Listing ID: 32159756

  • Date on Market: 6/17/2024

  • Last Updated:

  • Address: 1359 N Milwaukee Ave, Chicago, IL 60622

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