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The Lero Building 4762 N Milwaukee Ave

10,000 SF Vacant Retail Building Chicago, IL 60630 $695,000 ($70/SF)

Executive Summary

Finally available FOR SALE! The Lero Building! Vacant, giant, masonry, 10,000 SF in 2 stories plus 5,000 SF basement, former warehouse/ boxing gym/ retail store/ manufacturing & storage, 12’ ceilings on both 1st and 2nd floor, highly visible location in heavy traffic location along Milwaukee Ave near Lawrence. Adjacent to cannabis location. Zoned B3-2 allows commercial on first floor plus 6 residential apartments above first floor as of right. Includes 6 off-street parking spots in the rear off-alley. Easy street parking in front on Milwaukee, and in nearby lots. Easy access to both I-90 and I-94 highways. PACE Pulse Express bus stop. TOD area, walking distance to Blue line el & Metra train (Jefferson Park station)! Agent owned. SOLD AS-IS. ALSO OFFERED FOR LEASE, CALL AGENT.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
10,000 SF
Building Class
C
Year Built
1914
Price
$695,000
Price Per SF
$70
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.60
Land Acres
0.14 AC
Zoning
B3-2 - Business
Parking
6 Spaces (0.6 Spaces per 1,000 SF Leased)
Frontage
50 FT on Milwaukee Ave

Amenities

  • Bus Line
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,500-5,000 SF
  • Retail
  • -
  • Now

Finally available! The Lero Building! Giant, former warehouse/ boxing gym/ retail store/ manufacturing & storage, the first floor includes two wonderful spaces, 12’ ceilings & approximately 2500 sf each space (or combine for 5,000 sf). Each unit includes an office in front, warehouse in back, 1 bathroom per unit & free basement storage. Highly visible location (with bonus signage opportunity) in heavy traffic location along Milwaukee Ave near Lawrence. Adjacent to cannabis location. Zoned B3-2. Great for a restaurant, bar, brewery, billiards, gym, coworking, retail, office, spa, daycare, nails, warehouse and artistic spaces. 1 parking spot included with each unit. Easy street parking in front on Milwaukee, and in nearby lots. Agent owned, local landlord. Easy access to both I-90 and I-94 highways. PACE Pulse Express bus stop. TOD area, walking distance to Blue line el & Metra train (Jefferson Park station)!

Space Size Space Use Position Available
1st Floor 2,500-5,000 SF Retail - Now

1st Floor

Size
2,500-5,000 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 2,500-5,000 SF
Space Use Retail
Position -
Available Now

Finally available! The Lero Building! Giant, former warehouse/ boxing gym/ retail store/ manufacturing & storage, the first floor includes two wonderful spaces, 12’ ceilings & approximately 2500 sf each space (or combine for 5,000 sf). Each unit includes an office in front, warehouse in back, 1 bathroom per unit & free basement storage. Highly visible location (with bonus signage opportunity) in heavy traffic location along Milwaukee Ave near Lawrence. Adjacent to cannabis location. Zoned B3-2. Great for a restaurant, bar, brewery, billiards, gym, coworking, retail, office, spa, daycare, nails, warehouse and artistic spaces. 1 parking spot included with each unit. Easy street parking in front on Milwaukee, and in nearby lots. Agent owned, local landlord. Easy access to both I-90 and I-94 highways. PACE Pulse Express bus stop. TOD area, walking distance to Blue line el & Metra train (Jefferson Park station)!

Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (80)
Bike Score ®
Very Bikeable (87)
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

Jazzercise
Huntington Bank
Jewel-Osco
Starbucks
Chase Bank
La Fitness
Mariano's
WW (Weight Watchers)
Parkway Bank & Trust Company
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-16-105-019-0000
Land Assessment
$15,625
Improvements Assessment
$40,375
Total Assessment
$56,000
  • Listing ID: 30835307

  • Date on Market: 1/31/2024

  • Last Updated:

  • Address: 4762 N Milwaukee Ave, Chicago, IL 60630

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