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More details for 7665-7667 N Milwaukee Ave, Niles, IL - Retail for Sale

7665-7667 N Milwaukee Ave

Niles, IL 60714

  • Owner Financed Property
  • Retail for Sale
  • $1,535,248 CAD
  • 5,929 SF
  • Air Conditioning
  • 24 Hour Access

Niles Retail for Sale - Near North

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 For security and verification purposes, online meetings are scheduled only after a proper introduction and exchange of valid contact information.

Contact:

ERA Real Estate Partners

Property Subtype:

Freestanding

Date on Market:

2026-04-28
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