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3596 N Milwaukee Ave 8,200 SF 100% Leased Retail Building Chicago, IL 60641 $1,250,000 ($152.44/SF) 6.20% Cap Rate



Executive Summary
Positioned along one of Chicago's most recognizable commercial corridors, 3596 N Milwaukee Avenue presents a rare opportunity to acquire a freestanding retail/office asset in the heart of Old Irving Park. This highly visible corner location benefits from frontage on both Milwaukee Avenue and Addison Street, delivering exceptional exposure and accessibility for a wide range of uses. The property offers approximately 4,555 SF on an 8,200 SF lot, complemented by a large rear land site ideal for parking, outdoor activation, or future expansion. Investors and owner-users alike will appreciate the income-producing billboard component and flexible zoning that supports retail, restaurant, office, fitness, or light industrial concepts. Strategically located across from Carl Schurz High School and just a short walk to the Grayland Metra, the asset is surrounded by dense residential population and established neighborhood retail. Immediate proximity to I-90/94 further enhances regional connectivity. Traffic counts exceed approximately 25,050 vehicles per day, providing unmatched daily exposure and consistent consumer flow. This is a true value-add or turnkey opportunity in a corridor known for strong retail fundamentals, long-term appreciation, and dynamic neighborhood growth.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,200 SF
Building Class
C
Year Built
1928
Price
$1,250,000
Price Per SF
$152.44
Cap Rate
6.20%
NOI
$77,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.99
Lot Size
0.19 AC
Zoning
C1-2
Parking
1 Spaces (0.12 Spaces per 1,000 SF Leased)
Frontage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- N Milwaukee Ord. 2 LLC
- -
- -
-
$9.99
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| N Milwaukee Ord. 2 LLC | - | - | $9.99 | Jan 0000 |
Exceptionally walkable
90/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-22-401-001-0000 | Improvements Assessment | $25,365 |
| Land Assessment | $71,383 | Total Assessment | $96,748 |
Property Taxes
Parcel Number
13-22-401-001-0000
Land Assessment
$71,383
Improvements Assessment
$25,365
Total Assessment
$96,748
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3596 N Milwaukee Ave
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