1521 N Milwaukee Ave
Chicago, IL 60622
Commerce de détail Propriété À vendre · 10 600 pi²

First and second floor retail (10,600 square feet) with additional 2,676 square feet in lower level available to tenant.

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to
present the opportunity to acquire the 100% fee-simple interest in 1521 N
Milwaukee Avenue (the “Property”), a single-tenant retail condo investment
prominently located in Chicago’s vibrant Wicker Park neighborhood.

The ± 10,600 square foot retail property is 100% occupied by Urban Outfitters,
which has occupied the Property for more than 20 years and recently exercised
an early extension with a lease expiration in 2034. The tenant reimburses for
taxes, insurance, and utilities, and pays for its own maintenance, offering a
new investor a favorable lease structure with minimal expense leakage.
Urban Outfitters is multi-national lifestyle clothing store with 250+ locations.
Urban Outfitters, Inc. is a publicly traded company (NASDAQ: URBN) and
operates four brands that sell in brick-and-mortar stores – Urban Outfitters,
Anthropologie, Free People, and Terrain.

Located on North Milwaukee Avenue, the Property features ±50 of frontage
and is well-positioned just steps from the six-way intersection epicenter of
Milwaukee, North, and Damen Avenues with exceptional pedestrian and
vehicle traffic counts (46,450 VPD). Wicker Park has flourished into a highly
desirable residential market as well as a prominent “high-street” shopping
district with thousands of daily retail customers. The Property benefits from
well-known neighbors including CAVA, Supreme, Levi’s, ADIDAS Originals,
Abercrombie & Fitch , Barnes & Noble, Lids, Saint Alfred, Barry’s Bootcamp,
Carhartt, sweetgreen, Jeni’s Ice Cream, Buffalo Exchange, Tropical Smoothie
Café, and many others.

Within 1-mile, demographics include a population of 61,145, an average
household income of $169,513, and a median home value of $682,130.