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4900 N Milwaukee Ave 0.3 Acres of Commercial Land for Lease in Chicago, IL 60630
Highlights
- Ground lease opportunity ideal for compact QSR or coffee drive-thru
- Less than ½ mile to I-90/94 Kennedy Expressway, with direct access to O’Hare & downtown
- Strong demographics: 385,000+ population within 5 miles; median HH income $81K–$87K
- Concept plan supports ±1,200–1,800 SF building, 6–8 car stacking, 8–12 stalls
- Lot across from Jefferson Park CTA & Metra
- Surrounded by national QSR and retail operators
LOT Available
Display Rental Rate as
| Rental Rate |
|
Lot Size | 0.30 AC |
| Lease Term | Negotiable |
| Rental Rate | |
| Lease Term | Negotiable |
| Lot Size | 0.30 AC |
Prime Ground Lease Opportunity – 4900 N Milwaukee Ave, Chicago, IL Outstanding Visibility | Transit-Oriented | Ideal for Compact Drive-Thru QSR / Coffee - Property Highlights - Address: 4900 N Milwaukee Ave, Chicago, IL 60630 Lot Size: ±0.30 AC (˜13,068 SF) signalized corner parcel Zoning: B3-3 – Restaurant permitted; drive-thru requires Special Use (Zoning Board of Appeals approval) Availability: Immediate - Site Advantages - Transit Hub: Directly across from Jefferson Park CTA Blue Line & Metra Station (9,000+ weekday boardings) Traffic Counts (IDOT/City of Chicago): Milwaukee Ave: ±11,000 vehicles/day directly in front of site Lawrence Ave (½ block south): ±36,000 vehicles/day Cicero Ave (3 blocks east): ±48,000 vehicles/day Regional Access: Less than ½ mile to I-90/94 (Kennedy Expressway), with direct connectivity to O’Hare, Downtown Chicago, and the Northwest Suburbs Visibility & Access: Prominent corner exposure with multiple ingress/egress options - Demographics (Esri/ACS Estimates, 2024) - 1-Mile Radius Population: ±34,600 Households: ±13,685 Median Household Income: ±$81,000 3-Mile Radius Population: ±165,000 Households: ±64,000 Median Household Income: ±$85,000 5-Mile Radius Population: ±385,000 Households: ±152,000 Median Household Income: ±$87,000 - Conceptual Plan Summary - Building Size: ±1,200–1,800 SF footprint (ideal for coffee or compact QSR format) Drive-Thru Layout: Single-lane wraparound with 6–8 car stacking capacity Potential bypass lane to maintain circulation during peak periods Parking: ±8–12 surface stalls (including ADA) Access / Circulation: Multiple ingress/egress from Milwaukee Ave and side street; efficient flow for cars and pedestrians Service: Dedicated delivery/service area located away from customer circulation Visibility: Strong Milwaukee Ave frontage with excellent signage opportunities - Ideal For – National & Regional Drive-Thru Concepts Coffee / Beverage: Dunkin’, Starbucks, Scooter’s Coffee, BIGGBY Coffee, Dutch Bros, Tim Hortons Burgers / Sandwiches: Wendy’s (compact urban prototype), Burger King, Sonic, Checkers/Rally’s, Jimmy John’s (drive-thru model), Jersey Mike’s, Potbelly Chicken: Popeyes, Wingstop (pickup drive-thru), KFC, Raising Cane’s (small footprint) Mexican / Tex-Mex: Taco Bell Cantina, Chipotle, QDOBA, Moe’s Southwest Grill Frozen Treats / Dessert: Dairy Queen (smaller Grill & Chill), Andy’s Frozen Custard, Rita’s Italian Ice $12,000 per month NNN. Taxes are $6000 year (2024)
Property Overview
Vacant land zoned B3-3 in Chicago, Illinois
Property Facts
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Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (86)
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4900 N Milwaukee Ave
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