Fully Leased - Single Tenant Net Lease Asset 1559 N Milwaukee Ave 2,950 SF Retail Building Chicago, IL 60622 For Sale

This offering presents a rare investment opportunity in the heart of Wicker Park, one of Chicago’s most dynamic and desirable submarkets. The property consists of 2,950 square feet of fully-leased retail space situated on thriving Milwaukee Avenue, an area known for exceptional foot traffic, boutique shopping, and vibrant dining. The asset is 100% net-leased through July 2031 to Port Union, a concept by James Beard semifinalist Chef Rodolfo Cuadros, ensuring long-term income stability and an established tenant with strong local and regional recognition. Originally built in 1914, this property has been meticulously modernized through full renovations in 2021 and 2026, combining historic character with contemporary functionality. Located among a diverse mix of national retailers, restaurants, and creative boutiques, the surrounding Wicker Park/Bucktown corridor is a premier commercial destination with some of Chicago’s best demographics, including an average household income exceeding $167,000 within one mile.
Excellent transit accessibility and dense surrounding neighborhoods contribute to dependable traffic and consumer engagement, making this property an attractive long-term hold for investors seeking stability, upside, and positioning within one of Chicago’s most iconic retail districts.