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Faits saillants de l'investissement

  • Exceptionally located mixed-use building at the corner of the six-way Milwaukee / Diversey / Kimball intersection
  • Blank slate opportunity for investors to pursue various repositioning strategies to create significant added value
  • Adjacent B3-5 and B3-3 zoning designations across the street signal strong upzoning potential
  • Rare opportunity for an owner / user to plant a flag at this prominent and highly visible anchoring location at the nexus of Logan Square and Avondale
  • In-place billboard lease at below market rate provides near term income with 2028 lease expiration offeringnfurther opportunity to add value
  • Conveniently accessible via public transit and I-90/94

Résumé de l'annonce

Baum Realty Group, LLC has been exclusively retained to offer for sale 2821-23 N. Milwaukee Avenue, a two-story mixed-use building at the nexus of Chicago’s Logan Square and Avondale neighborhoods. Located at the highly visible hard corner of the six-way Milwaukee / Diversey / Kimball intersection, the Property sits on approximately 6,100 SF of land fronting the public plaza known as Solidarity Triangle, highlighting the
building’s visibility and pedestrian access.
The building contains nearly 10,000 SF of interior space, with roughly 6,000 SF of ground floor retail, formerly occupied by the acclaimed bar, Crown Liquors, with a packaged goods license, tavern license and sidewalk cafe license available to be transferred to a new owner. The ground level
also contains a ±2,000 SF annex space with exposed brick and 14+ foot ceilings, uniquely suited for various uses such as a brewery, coffee roastery
or venue space. The second floor of the building totals nearly 4,000 SF and is configured with bright and open office conditions. The building also contains a billboard leased to Clear Channel that expires in 2028, generating additional income for a new owner.
The Property’s B2-2 zoning provides optionality and flexibility in terms of future use possibilities, including upper floor residential. Its high-profile
location in the city’s 35th ward (Ald. Quezada) is easily accessible by public transit, with stops for three different bus lines on Milwaukee, Diversey and
Kimball all located within a block of the building, and two CTA Blue Line ‘L’ Stations (Logan Square and Belmont) less than ½ mile away. I-90/94 is
located roughly ½ mile due north of the property.

Faits sur la propriété

Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
10 000 pi²
Classe d’immeuble
C
Année de construction
1954
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
1,64
Taille du lot
0,14 AC
Zonage
B3-2 - Quartier des affaires
Façade
125’ sur Park frontage
Exceptionnellement praticable à pied
100/100
Assez facile d’accès en voiture
40/100
Transports en commun robustes
80/100
Très praticable en vélo
80/100

Principaux détaillants à proximité

Bank of America
Chase Bank
Fifth Third Bank
Giordano's
U.S. Bank
Club Pilates
Old National Bank
Citi
Cermak Fresh Market
Rent-A-Center

Impôts fonciers

Impôts fonciers

Numéro de lot
13-26-218-094-0000
Évaluation du terrain
72 248 $ CAD
Évaluation des bâtiments
279 753 $ CAD
Évaluation totale
352 000 $ CAD
  • ID d’inscription: 40242687

  • Date de mise sur le marché: 2026-04-22

  • Dernière mise à jour:

  • Adresse: 2821 N Milwaukee Ave, Chicago, IL 60618

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