4801 Milwaukee AveChicago, IL 60630

For Sale
$289,000

Prime Chicago location, vacant restaurant building.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional commercial property, located at 4801 N Milwaukee Avenue in Chicago, Illinois, presents a unique investment opportunity. The single-story building, constructed in 1970, boasts a total of 2,000 square feet on a 3,150 square foot lot. Currently vacant, this retail space is ideally suited for a restaurant, having previously served as one for many years. Significant existing restaurant infrastructure remains, including a rough-in kitchen, freezer, and hood system, reducing initial build-out costs. The building's corner location at the intersection of Milwaukee and Lawrence Avenues ensures high visibility and accessibility, benefiting from substantial traffic flow in a bustling commercial corridor. Surrounding businesses include Walgreens and banks, indicating a strong retail presence in the area. The property's proximity to major transportation arteries is a significant advantage, with easy access to I-90-94, public transportation, and a nearby train station. Its convenient location also places it within reach of several thriving Chicago neighborhoods, including Norwood, Forest Glen, Portage Park, and Harwood Heights. The asking price for this property is $289,000. This presents a compelling opportunity to establish a thriving business in a high-traffic, well-established commercial area. The property is zoned for commercial use.

Highlights

  • 2,000 SF single-story building on a 3,150 SF lot at 4801 N Milwaukee Ave, Chicago, IL.
  • Vacant retail space, previously a restaurant, with existing kitchen infrastructure (hood, freezer).
  • Corner location at Milwaukee & Lawrence Aves offering high visibility and accessibility.
  • $289,000 asking price.
  • Zoned commercial; near I-90-94, public transit, and a train station.

Property Details for 4801 Milwaukee Ave

Property type
Other retail properties, Other land
Square Feet
2,000 SF
Year Built
1970
Stories
1

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9680109
Longitude
-87.7605872
4801 Milwaukee Ave, Chicago, Illinois

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4801 Milwaukee Ave
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