Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 4066-4080 N. Milwaukee Avenue (the “Property”), an urban infill multi-tenant medical-retail center located in Chicago’s Portage Park neighborhood at the corner of Milwaukee Avenue and Belle Plaine Avenue.

The Property features ±16,063 gross leasable area distributed across two buildings, a single-tenant building occupied by Athletico Physical Therapy, and a three-tenant building occupied by DentalWorks, America’s Best Contacts & Eyeglasses, and Midwest Express Clinic. The property is situated on ±35,185 square feet of land and includes 41 off-street surface parking spaces.

Athletico Physical Therapy has been operating in this location since 2006, DentalWorks and America’s Best Contacts & Eyeglasses have been open since 2017 and 2018, respectively, and Midwest Express Clinic recently commenced their 5-year lease term in October 2023. All four tenants operate under net-lease structures and are shielded from e-commerce growth by their medical-oriented businesses.

The Property benefits from the premier commercial corridor dubbed Six Corners, which since the mid-1800s has been a business district and by the mid-19th century, it was the largest commercial center outside of downtown Chicago after Sears, Roebuck & Co. opened in 1938 as the anchor. The Property is positioned one block north of the eponymous six-corner intersection of Milwaukee/Cicero/Irving Park. The immediate area has experienced a significant number of new developments, including hundreds of apartment units delivered in the last few years, 346 units planned to be developed, plus retail spaces featuring prominent tenants such as Target and ALDI. Other notable tenants within a few blocks of the Property include Binny’s Beverage Depot, Jewel Osco, Culver’s, Chipotle, Ross Dress for Less, Marshalls, PetSmart, and Walgreens.

Located 8-miles northwest of the Chicago CBD ‘Loop’, the Portage Park neighborhood is known for its rich history and vibrant community. Home to its namesake park, a popular spot for outdoor activities and community events, the neighborhood boasts a unique architectural style dating back to the early late 19th century. The dense urban neighborhood has over 40,000 residents within a 1-mile radius of the Property and 388,000 within 3 miles.

Portage Park is consistently named one of ‘The Best Places to Live’ in Chicago by Chicago Magazine due to its relative affordability, dining options, and suburban feel within a city for young families.