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Niles Grill 9206 N Milwaukee Ave 2,382 SF Retail Building Niles, IL 60714 For Sale
INVESTMENT HIGHLIGHTS
- 2,382 SF freestanding second-generation restaurant building located at a highly visible signalized intersection in the north suburbs of Chicago, IL
- Flexible commercial zoning and layout suitable for continued restaurant use or conversion to alternate retail/service concepts
- Flexible B-2 zoning for multiple retail or service uses
- Adjacent to Golf Mill Town Center, a major regional retail destination driving consistent daily consumer traffic and will ultimately be redeveloped
- Property is subject to a month-to-month lease with a restaurant operator that can be terminated with a 30-day notice
- Fully built-out restaurant with dining area and commercial kitchen
EXECUTIVE SUMMARY
9206 N Milwaukee Avenue is a 2,382 square-foot freestanding restaurant building positioned at the highly visible, corner of the signalized intersection at Milwaukee Avenue and Maryland Street in north suburban Niles (Chicago MSA). The single-tenant building offers flexibility for an owner/user seeking immediate occupancy or an investor pursuing a valueadd opportunity via lease-up to a long term tenant to replace the existing month-to-month tenant. The building is a fully built-out second-generation restaurant featuring a dining area and commercial kitchen. The property is located directly adjacent to Golf Mill Town Center, one of the area’s major retail destinations, drawing consistent daily consumer traffic, and is supported by strong suburban demographics, convenient regional connectivity, and a robust surrounding retail
corridor. Neighboring national and regional tenants nearby include Jewel-Osco, Walmart, Home Depot, Planet Fitness, Walgreens, Starbucks, Chipotle, McDonald’s, and many others.
corridor. Neighboring national and regional tenants nearby include Jewel-Osco, Walmart, Home Depot, Planet Fitness, Walgreens, Starbucks, Chipotle, McDonald’s, and many others.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,382 SF
Building Class
C
Year Built/Renovated
1957/2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.54 AC
Zoning
B-2
Parking
17 Spaces (7.14 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-14-202-007-0000 | Improvements Assessment | $58,823 |
| Land Assessment | $79,583 | Total Assessment | $138,406 |
PROPERTY TAXES
Parcel Number
09-14-202-007-0000
Land Assessment
$79,583
Improvements Assessment
$58,823
Total Assessment
$138,406
CONTACTS
-
Matt Tarshis -
Andrew Rubin -
Zack Pearlstein -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
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Niles Grill | 9206 N Milwaukee Ave
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