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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
126’ on N Lowell

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

Starbucks
Bank of America
Huntington National Bank
Planet Fitness
Retro Fitness
Snap Fitness 24/7
CrossFit Chisel
PNC Bank
Toyota
Jewel-Osco

Property Taxes

Property Taxes

Parcel Number
13-22-401-001-0000
Land Assessment
$71,383
Improvements Assessment
$25,365
Total Assessment
$96,748
  • Listing ID: 40306384

  • Date on Market: 4/27/2026

  • Last Updated:

  • Address: 3596 N Milwaukee Ave, Chicago, IL 60641

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