3500 N Milwaukee Avenue Chicago, IL $ 3,595,000
3500 N Milwaukee Avenue
$ 3,595,000
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3500 N Milwaukee Avenue

Chicago, IL, 60641
$ 3,595,000
Bedrooms-- Baths-- Sq 24,800

Monthly Estimate*

$ 22,428

3500 N Milwaukee Avenue, Chicago, IL 60641 - Image 1

Commercial Property for sale in Chicago, IL

for $3,595,000. This 24,800 square foot building was built in 1955 on a lot size of 0.866919.

Rare opportunity to acquire a 24,800 SF freestanding building on 0.87 acres (7 parcels, 37,763 SF) in Chicago's Northwest Side. Currently occupied by Star Distributors, the property will be delivered vacant, offering flexibility for owner-users, investors, or developers. Zoned B1-1, one of Chicago's most flexible designations, allowing a wide range of commercial, office, service, and residential uses (above ground floor). Located on N Milwaukee Ave between Keeler and Tripp, with excellent frontage, visibility, and traffic. Just 1 mile from the rapidly redeveloped Six Corners, featuring a new Target, 206 luxury apartments, Clarendale Senior Living (258 units), Northwestern Medicine's $150M outpatient center, and new ALDI. Transit Friendly: Bus Route 56 (front of site), Routes 53 & 152 (0.2 mi) CTA Blue Line (Irving Park/Addison - 0.75 mi) Metra (Grayland - 0.5 mi, Irving Park - 0.7 mi) Easy access to I-90/94 Area is seeing major public and private investment, including a $27M streetscape upgrade to Milwaukee Ave and Logan Square enhancing walkability and safety. Alderwomen is open to change and development. Demographics: 54,000+ residents within 1 mile | Avg. income: $118K 493,000+ within 3 miles | Avg. income: $127K 95,000+ local workers Highlights: Delivered vacant - ready for occupancy, lease-up, or redevelopment Full block frontage with ample parking Strong nearby retail: Target, Aldi, CVS, Starbucks, Chipotle, etc.

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Commercial Active

Price

$ 3,595,000

Property Type

Commercial

Taxes

$ 56,228

Style

Lot Size

0.866919

Year Built

1955

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12441537

Features
General
Cooling Central Air
Construction Materials Brick Concrete Block
Year Built 1955
Electric Three Phase
Stories Count 1
Property Subtype Retail
Tax Year 2023
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Re-activated
Directions North on Milwaukee from Belmont.
City Chicago
Number Of Units Total 1
MLS Area CHI - Irving Park
Lot Size Square Feet 37763
Tax Annual Amount 56228
Additional Parcels Y/N Y
Leasable Area 24800
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 24800
Lot Dimensions 116x286x95x79x280
Frontage Type City Street Alley Access
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* Excluded Features
List By
S Hansen Realty Inc.

Broker

rick@hansenrealty.com

Email

Affordability Calculator

$27,114
Per Month
83%
17%
0%
Monthly Principal & Interest
$22,428
Monthly Property Taxes
$4,686
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/8/2025$3,595,000 Listed Price

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3500 N Milwaukee Avenue, Chicago, IL, 60641 is a Commercial Property for sale at $3,595,000 with 24,800 sqft and a lot size of 0.866919. 3500 N Milwaukee Avenue was built in 1955. The property's zip code is 60641 which is in Chicago, IL