312-316-2300
1559 N Milwaukee Ave, Chicago, IL for Sale
Restaurant - FOR SALE
1/4
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1559 N Milwaukee Ave
Chicago, IL 60622
Wicker Park


HIGHLIGHTS

  • Fully-leased single-tenant property with a net lease through July 2031.
  • Recently renovated in 2021 and 2026, maintaining building quality and modern appeal.
  • Surrounded by national retailers, boutique shops, and popular dining destinations.
  • Demographic strength with average household income surpassing $167,000 within a 1-mile radius.

OVERVIEW

This offering presents a rare investment opportunity in the heart of Wicker Park, one of Chicago’s most dynamic and desirable submarkets. The property consists of 2,950 square feet of fully-leased retail space situated on thriving Milwaukee Avenue, an area known for exceptional foot traffic, boutique shopping, and vibrant dining. The asset is 100% net-leased through July 2031 to Port Union, a concept by James Beard semifinalist Chef Rodolfo Cuadros, ensuring long-term income stability and an established tenant with strong local and regional recognition. Originally built in 1914, this property has been meticulously modernized through full renovations in 2021 and 2026, combining historic character with contemporary functionality. Located among a diverse mix of national retailers, restaurants, and creative boutiques, the surrounding Wicker Park/Bucktown corridor is a premier commercial destination with some of Chicago’s best demographics, including an average household income exceeding $167,000 within one mile. Excellent transit accessibility and dense surrounding neighborhoods contribute to dependable traffic and consumer engagement, making this property an attractive long-term hold for investors seeking stability, upside, and positioning within one of Chicago’s most iconic retail districts.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased - Single Tenant Net Lease Asset

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B3-2

APN/PARCEL ID

17-06-200-004-0000

ASK ABOUT THIS PROPERTY

Joe PadorrSeneca Real Estate Group, LLCMore Info
312-316-2300

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Joe PadorrSeneca Real Estate Group, LLCMore Info
312-316-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.