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815 N Milwaukee Ave
Chicago, IL 60642
Retail Property For Sale
Executive Summary
Ever dreamed of owning the loft from the movie BIG, but bigger and cooler?!?! Absolute unicorn of a property in River West right next to the Blue Line! Offered FULLY FURNISHED and zoned commercial. This stand alone property currently serves as a very profitable Airbnb with potential to serve as a stand-alone single family, live-work, long or short-term furnished rental, social media influencer content space, art gallery, professional/creative space and/or showroom, retail, ghost kitchen/food or drink establishment (subject to zoning and/or variance), private social club, corporate off/on-site for work or housing. The possibilities are absolutely endless! 3,208 interior/liveable square feet between the main level and loft space, plus a 2,522 SF full unfinished basement for storage needs or potential added finished square footage. Plus, a fully unfinished private rooftop with brand new roof. Brand new dual zoned HVAC system. One rental space is included in the attached parking lot next door for $300/month. Additional rental parking available. Cash or commercial financing. Perfect for an end-user of investor. Land is buildable for one retail space and three residential units. Current building is highest and best use. Great institutional hold as well for various uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,421 SF
Building Class
C
Year Built/Renovated
1914/2022
Price
$1,500,000
Price Per SF
$178.13
Tenancy
Single
Building Height
3 Stories
Building FAR
3.20
Lot Size
0.06 AC
Zoning
50
Parking
17 Spaces (2.02 Spaces per 1,000 SF Leased)
Frontage
130’ on North Milwaukee Avenue
Property Taxes
| Parcel Numbers | Improvements Assessment | $61,422 | |
| Land Assessment | $93,750 | Total Assessment | $155,172 |
Property Taxes
Parcel Numbers
Land Assessment
$93,750
Improvements Assessment
$61,422
Total Assessment
$155,172
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