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Freestanding Building 2327 N Milwaukee Ave
6,250 - 12,500 SF of Office/Retail Space Available in Chicago, IL 60647
Highlights
- Outstanding Leasing Opportunity in Logan Square
- Fully Rehabbed Building In 2018
- Densely Populated Mixed-Use Area
- Fifty Feet Of Frontage Along Milwaukee Ave
- Favorable C Zoning
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 6,250 SF | Negotiable | £23.50 /SF/PA £1.96 /SF/MO £252.94 /m²/PA £21.08 /m²/MO £146,869 /PA £12,239 /MO | Double Net | ||
| 2nd Floor | 6,250 SF | Negotiable | £15.67 /SF/PA £1.31 /SF/MO £168.63 /m²/PA £14.05 /m²/MO £97,912 /PA £8,159 /MO | Double Net |
1st Floor
2327 N Milwaukee Avenue, Chicago, IL (the “Property”) a commercial building located in Chicago’s dense and affluent Logan Square neighborhood. The 12,500 leasable square foot, two-story building is positioned along the vibrant, transit-oriented, Milwaukee Avenue retail corridor. The building, which was recently gut renovated with a new roof; windows and entry; rear dock door; new elevator; full MEP including HVAC, electrical and plumbing systems; code washrooms on 1st and 2nd Floor; full basement for storage, and full ADA accessibility.
- Lease rate does not include certain property expenses
- Mostly Open Floor Plan Layout
- Fits 16 - 50 People
- Can be combined with additional space(s) for up to 12,500 SF of adjacent space
- Central Air and Heating
2nd Floor
2327 N Milwaukee Avenue, Chicago, IL (the “Property”) a commercial building located in Chicago’s dense and affluent Logan Square neighborhood. The 12,500 leasable square foot, two-story building is positioned along the vibrant, transit-oriented, Milwaukee Avenue retail corridor. The building, which was recently gut renovated with a new roof; windows and entry; rear dock door; new elevator; full MEP including HVAC, electrical and plumbing systems; code washrooms on 1st and 2nd Floor; full basement for storage, and full ADA accessibility.
- Lease rate does not include certain property expenses
- Mostly Open Floor Plan Layout
- Fits 16 - 50 People
- Can be combined with additional space(s) for up to 12,500 SF of adjacent space
- Central Air and Heating
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 2327 N Milwaukee Ave , Chicago, IL 60647
| Property Type | Retail | Year Built/Renovated | 1909/2018 |
| Gross Internal Area | 12,500 SF |
| Property Type | Retail |
| Gross Internal Area | 12,500 SF |
| Year Built/Renovated | 1909/2018 |
About the Property
Welcome to a remarkable opportunity in Logan Square's bustling landscape. This fully rehabilitated 12,500 square foot gem stands proudly along Milwaukee Avenue, boasting an impressive 50 feet of frontage and coveted C1 zoning. Meticulously renovated in 2018, this two-floor space offers versatility and allure, inviting potential lessees to envision the possibilities. The property's distinctive features include soaring 16'+ ceilings that accentuate the expansive expanse, coupled with striking exposed brick walls-creating an ambiance that blends historical charm with modern allure. Situated adjacent to the esteemed REVOLUTION BREWERY, this locale promises high visibility and foot traffic, making it an ideal spot for businesses seeking prominence in this vibrant neighborhood. Completely overhauled with a comprehensive renovation, the property showcases a suite of upgrades-new plumbing, electric, roof, elevator, windows, dock door, and a fully usable basement-ensuring a seamless experience for prospective tenants. The flexible C-1 Zoning offers an array of possibilities "by right," catering to diverse business ventures. Permitted uses span an extensive spectrum, encompassing everything from clinics, daycare, and health clubs to dining establishments with liquor licenses, retail ventures, and much more-a testament to the versatility this space offers. Moreover, the ownership group eagerly welcomes negotiations on rental terms, potential buildouts, and additional arrangements, fostering an environment conducive to tailoring this space to suit your unique business needs. Don't miss this rare chance to secure an entirely rebuilt establishment in the heart of Logan Square. With its prime location, revitalized infrastructure, and vast potential, this property is poised to elevate businesses to new heights. Act swiftly as this opportunity is primed to captivate discerning tenants seeking a standout presence in this vibrant community.
Nearby Major Retailers
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Freestanding Building | 2327 N Milwaukee Ave
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