3500 N Milwaukee Avenue
Chicago, IL, 60641 $ 3,595,000
Bedrooms-- Baths-- Sq 24,800 Monthly Estimate*
$ 22,428
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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FeaturesGeneralCooling 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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ExteriorFoundation Details Concrete Perimeter
Building Area Total 24800
Lot Dimensions 116x286x95x79x280
Frontage Type City Street Alley Access
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* Excluded FeaturesList ByS Hansen Realty Inc.Broker
rick@hansenrealty.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $987,651
Percent of Sale Price 73%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/8/2025 | $3,595,000 | | Listed Price |