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2200 N Milwaukee AveChicago, IL 60647
2200 N Milwaukee Ave
Asset ClassMixed Use, Retail, Multifamily
logan square restaurant + apartment
overview of deal

Overview

present the opportunity to acquire the 100% fee-simple interest in 2200 N. Milwaukee Avenue (the “Property”), a two-unit mixed-use building located along Milwaukee Avenue in Chicago’s Logan Square neighborhood. The Property consists of a ±2,775 square foot ground-floor restaurant/bar space with a patio and usable basement and a ±1,500 square foot four-bedroom, two-bathroom apartment on the second floor.

 

The ground-floor commercial space will be vacant upon closing, providing a new owner with the flexibility to immediately occupy the space, lease it to a new operator, or reposition it for an alternative commercial use. The existing restaurant/bar configuration provides a foundation for a future food-and-beverage, entertainment, or other commercial concept, while the occupied apartment above generates immediate cash flow during execution of the commercial business plan.

 

Located directly along Milwaukee Avenue and just 0.2 miles from the CTA California Blue Line ‘L’ Station, the Property is positioned within one of Logan Square’s primary restaurant, nightlife, and entertainment corridors. The immediate area is also positioned for continued investment, including the planned redevelopment of the Congress Theater at 2135 N. Milwaukee Avenue, an approved 50-unit mixed-use development at 2240 N. Milwaukee Avenue, and a new Trader Joe’s planned for 2053 N. Milwaukee Avenue in the former CVS space.

 

Within 1-mile, demographics include an average household income of nearly $150,000 and a total population over 60,000.

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Investment Highlights

⦿ USABLE EXISTING IMPROVEMENTS & LAYOUT

 

⦿ OWNER-USER + VALUE-ADD OPPORTUNITY WITH STABLE INCOME

 

⦿ MULTIPLE MASS TRANSIT OPTIONS

 

⦿ MILWAUKEE AVENUE DINING + ENTERTAINMENT CORRIDOR

 

⦿ MAJOR NEARBY DEVELOPMENT + INVESTMENT

 

⦿ SUPERIOR DEMOGRAPHICS

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2200 N Milwaukee AveChicago, IL 60647
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