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Informations principales sur l'investissement
- Exceptionally located mixed-use building at the corner of the six-way Milwaukee / Diversey / Kimball intersection
- Blank slate opportunity for investors to pursue various repositioning strategies to create significant added value
- Adjacent B3-5 and B3-3 zoning designations across the street signal strong upzoning potential
- Rare opportunity for an owner / user to plant a flag at this prominent and highly visible anchoring location at the nexus of Logan Square and Avondale
- In-place billboard lease at below market rate provides near term income with 2028 lease expiration offeringnfurther opportunity to add value
- Conveniently accessible via public transit and I-90/94
Résumé analytique
Baum Realty Group, LLC has been exclusively retained to offer for sale 2821-23 N. Milwaukee Avenue, a two-story mixed-use building at the nexus of Chicago’s Logan Square and Avondale neighborhoods. Located at the highly visible hard corner of the six-way Milwaukee / Diversey / Kimball intersection, the Property sits on approximately 6,100 SF of land fronting the public plaza known as Solidarity Triangle, highlighting the
building’s visibility and pedestrian access.
The building contains nearly 10,000 SF of interior space, with roughly 6,000 SF of ground floor retail, formerly occupied by the acclaimed bar, Crown Liquors, with a packaged goods license, tavern license and sidewalk cafe license available to be transferred to a new owner. The ground level
also contains a ±2,000 SF annex space with exposed brick and 14+ foot ceilings, uniquely suited for various uses such as a brewery, coffee roastery
or venue space. The second floor of the building totals nearly 4,000 SF and is configured with bright and open office conditions. The building also contains a billboard leased to Clear Channel that expires in 2028, generating additional income for a new owner.
The Property’s B2-2 zoning provides optionality and flexibility in terms of future use possibilities, including upper floor residential. Its high-profile
location in the city’s 35th ward (Ald. Quezada) is easily accessible by public transit, with stops for three different bus lines on Milwaukee, Diversey and
Kimball all located within a block of the building, and two CTA Blue Line ‘L’ Stations (Logan Square and Belmont) less than ½ mile away. I-90/94 is
located roughly ½ mile due north of the property.
building’s visibility and pedestrian access.
The building contains nearly 10,000 SF of interior space, with roughly 6,000 SF of ground floor retail, formerly occupied by the acclaimed bar, Crown Liquors, with a packaged goods license, tavern license and sidewalk cafe license available to be transferred to a new owner. The ground level
also contains a ±2,000 SF annex space with exposed brick and 14+ foot ceilings, uniquely suited for various uses such as a brewery, coffee roastery
or venue space. The second floor of the building totals nearly 4,000 SF and is configured with bright and open office conditions. The building also contains a billboard leased to Clear Channel that expires in 2028, generating additional income for a new owner.
The Property’s B2-2 zoning provides optionality and flexibility in terms of future use possibilities, including upper floor residential. Its high-profile
location in the city’s 35th ward (Ald. Quezada) is easily accessible by public transit, with stops for three different bus lines on Milwaukee, Diversey and
Kimball all located within a block of the building, and two CTA Blue Line ‘L’ Stations (Logan Square and Belmont) less than ½ mile away. I-90/94 is
located roughly ½ mile due north of the property.
Informations sur l’immeuble
Type de vente
Propriétaire occupant
Type de bien
Local commercial
Sous-type de bien
Boutique
Surface de l’immeuble
929 m²
Classe d’immeuble
C
Année de construction
1954
Occupation
Multi
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
1,64
Surface du lot
0,06 ha
Zonage
B3-2 - Quartier des affaires
Façade
Disponibilité de l’espace
- Espace
- Surface
- Type de bien
- Poste
- Disponible
Second generation bar / tavern space available for lease Transferable liquor, tavern, and outdoor patio licenses available
Second generation bar / tavern space available for lease Transferable liquor, tavern, and outdoor patio licenses available
| Espace | Surface | Type de bien | Poste | Disponible |
| 1er étage | 557 m² | Local commercial | Contigu et aligné | Maintenant |
| 2e étage | 372 m² | Local commercial | Contigu et aligné | Maintenant |
1er étage
| Surface |
| 557 m² |
| Type de bien |
| Local commercial |
| Poste |
| Contigu et aligné |
| Disponible |
| Maintenant |
2e étage
| Surface |
| 372 m² |
| Type de bien |
| Local commercial |
| Poste |
| Contigu et aligné |
| Disponible |
| Maintenant |
1 sur 9
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1er étage
| Surface | 557 m² |
| Type de bien | Local commercial |
| Poste | Contigu et aligné |
| Disponible | Maintenant |
Second generation bar / tavern space available for lease Transferable liquor, tavern, and outdoor patio licenses available
2e étage
| Surface | 372 m² |
| Type de bien | Local commercial |
| Poste | Contigu et aligné |
| Disponible | Maintenant |
Second generation bar / tavern space available for lease Transferable liquor, tavern, and outdoor patio licenses available
1 1
Exceptionnellement praticable à pied
100/100
Relativement adapté aux voitures
40/100
Transports en commun robustes
80/100
Très praticable en vélo
80/100
Principaux commerces à proximité
Taxes foncières
| Numéro de parcelle | 13-26-218-094-0000 | Évaluation des aménagements | 177 951 € |
| Évaluation du terrain | 45 957 € | Évaluation totale | 223 908 € |
Taxes foncières
Numéro de parcelle
13-26-218-094-0000
Évaluation du terrain
45 957 €
Évaluation des aménagements
177 951 €
Évaluation totale
223 908 €
1 sur 21
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
2821-2823 N Milwaukee Ave
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