1760 North Milwaukee AvenueChicago, IL 60647Price: $7,250,000

  • Price: $7,250,000
  • 29 Days on Market
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Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 16,522Square Feet
  • 1914Year Built

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The SVN Chicago Commercial Urban Team has been retained to exclusively represent the sale of 1760 North Milwaukee Avenue. This premier investment opportunity allows a Buyer to purchase the fee simple interest in a fully stabilized, single-tenant net lease investment property occupied by Royal Palms Shuffleboard Club with 10-years remaining on its lease term. In 2017 the 16,522 square bow truss property underwent a complete renovation including exterior facade work, all new mechanical systems, and a brand new roof deck. 1760 North Milwaukee Avenue is leased by Royal Palms Shuffleboard Club; an Internet resistant, high-profit margin, strong income/cash flow, experiential retailer based in Brooklyn, New York. Additionally, the property contains corner billboard signage, which provides additional income. Due to the property's highly visible corner location (across the street from the 606 Trail) within the Wicker Park sub-market, accessibility to public transportation (Western and Damen Blue Line CTA Stations), and total land size (18,289 SF); 1760 North Milwaukee Avenue provides for excellent residential development upside. The property's irreplaceable location is steps from the 606 Trail, across the street from Aldi, and surrounded by high-end apartments, condos, and single-family residences. The property is in the immediate vicinity of Wicker's Park's 6-corners intersection, which is home to The Robey hotel and retail's trendiest brands (Lululemon, Shinola Foxtrot, YETI, Burton, Levi's, Adidas, La Colombe, Carhart, Champion, Urban Outfitters, Crumbl Cookies, Jeni's Ice Creams, Sweetgreen, Free People, Barry's Bootcamp, Stan's Donuts, The North Face, Bluemercury, Trek, Diptyque and Aesop).

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Listed by Scott Maesel of Sperry Van Ness

Based on information submitted to MRED  as of August 11, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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