7665-7667 N Milwaukee Ave 5,929 SF 100% Leased Retail Building Niles, IL 60714 $1,512,812 CAD ($255.15 CAD/SF) 6% Cap Rate

Prime Investment Opportunity | 6% CAP Rate | Fully Leased Retail Property in Niles
Exceptional opportunity to acquire a fully leased, two-unit masonry retail building in a high-visibility, high-traffic location in Niles. Positioned prominently at the corner of Milwaukee Ave and Jonquil Terrace, this property offers strong in-place income and long-term upside.
Property Highlights:
• 6% CAP Rate with stable, long-term tenants
• 6,000+ sq ft building on a 10,564 sq ft lot
• Zoned C-3 (Commercial) – ideal for a variety of uses
• Two retail units:
o Unit 1: approx. 3,029 sq ft
o Unit 2: approx. 2,280 sq ft
• Both units are fully leased with long-term lease agreements
Visibility & Location:
• 123.20 ft of frontage on Milwaukee Ave
• Approx. 26,200 vehicles per day (VPD) for maximum exposure
• Located just north of Howard & Milwaukee intersection
• Easy access to major expressways, public transportation, and retail corridors
Building Features:
• 12–14 ft ceilings for flexible retail layouts
• Well-maintained property with strong curb appeal
• ADA-compliant restrooms (men’s & women’s)
• Ample signage opportunities
• 200-amp electrical service
• Private parking lot for ~30 vehicles plus additional street parking
• Professionally landscaped exterior
Future Potential:
• Excellent retail build-out already in place
• Potential for mixed-use or redevelopment
• Possible TIF incentives available through the Village of Niles
Nearby Businesses:
Situated among established retailers and destinations including Kouklas Ristorante, Taco Bell, Baskin Robbins, and Lone Tree Manor Banquet Hall.
Additional Details:
• 3 PINs: 09252110010000, 09252110020000, 09252110030000
• Please do not disturb tenants
• Showings by appointment only – contact Mayur Trivedi: 847-692-2268