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Investment Highlights
- Prime location in Wicker Park’s bustling retail corridor
- Flexible B1-3 zoning supports multiple business types
- High-visibility frontage on Milwaukee Avenue
- Surrounded by national brands and popular restaurants
- Full basement offers expansion or storage options
Executive Summary
Positioned in the heart of Chicago’s vibrant Wicker Park neighborhood, 1254 N. Milwaukee Avenue offers a rare opportunity to own a prime retail property on one of the city’s most dynamic corridors. Surrounded by national retailers such as Jewel-Osco, Lowe’s, Verizon Wireless, CVS, and Footlocker, as well as popular dining destinations like Iron Age Korean Steak House, this location guarantees exceptional visibility and foot traffic.
The property features a 24-foot frontage and 100-foot depth, totaling approximately 2,400 square feet, with an additional full basement ready for customization. Its B1-3 zoning provides flexibility for a wide range of uses, including restaurant concepts, boutique retail, or creative office space. The interior includes a rear storage/office area and bathroom, offering functional convenience for operations.
Wicker Park is renowned for its eclectic mix of retail, dining, and entertainment, attracting a diverse and affluent demographic. With proximity to Ashland Avenue and Division Street, and easy access to public transit, this property is strategically positioned for long-term value appreciation. Whether you’re an investor seeking a high-demand corridor or an owner-user envisioning a flagship location, this asset delivers unmatched potential in one of Chicago’s most sought-after neighborhoods.
The property features a 24-foot frontage and 100-foot depth, totaling approximately 2,400 square feet, with an additional full basement ready for customization. Its B1-3 zoning provides flexibility for a wide range of uses, including restaurant concepts, boutique retail, or creative office space. The interior includes a rear storage/office area and bathroom, offering functional convenience for operations.
Wicker Park is renowned for its eclectic mix of retail, dining, and entertainment, attracting a diverse and affluent demographic. With proximity to Ashland Avenue and Division Street, and easy access to public transit, this property is strategically positioned for long-term value appreciation. Whether you’re an investor seeking a high-demand corridor or an owner-user envisioning a flagship location, this asset delivers unmatched potential in one of Chicago’s most sought-after neighborhoods.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,400 SF
Building Class
B
Year Built
1917
Price
$845,000
Price Per SF
$352.08
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.06 AC
Zoning
B1-3 - Shopping centers, large stores, and retail storefronts, often along major streets. Allows more types of businesses than B1 and B2 districts.
Frontage
24’ on MILWAUKEE AVE
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (97)
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-06-235-038-0000 | Improvements Assessment | $51,500 |
| Land Assessment | $30,000 | Total Assessment | $81,500 |
Property Taxes
Parcel Number
17-06-235-038-0000
Land Assessment
$30,000
Improvements Assessment
$51,500
Total Assessment
$81,500
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1254 N Milwaukee Ave
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