615-516-4827
2989 N Milwaukee Ave, Chicago, IL for Sale
Schools - FOR SALE
1/26
null | Request Cap Rate

2989 N Milwaukee Ave
Chicago, IL 60618
Avondale


HIGHLIGHTS

  • Constructed in 2015 with modern systems and LEED Gold certification.
  • Purpose-built educational facility with 33 classrooms and full amenity package.
  • Located along Milwaukee Avenue with strong transit access (CTA bus and Blue Line).
  • Flexible zoning supports commercial, residential, or mixed-use potential (subject to approvals).

OVERVIEW

2989 N. Milwaukee Ave presents a compelling opportunity to acquire a fee simple interest in a ±80,471 SF institutional-quality facility in Chicago’s rapidly evolving Logan Square/Avondale corridor. Constructed in 2015, the four-story building sits on a 1.036-acre site and is currently a purpose-built educational facility with infrastructure designed for immediate occupancy. The asset is being offered subject to offer, providing flexibility for both owner-users and investors. Owner-users benefit from immediate control of a high-quality, move-in-ready property, eliminating lease rollover and development risk, while investors gain optionality for repositioning or adaptive reuse, including potential residential or mixed-use conversion subject to zoning and approvals. The property is located along a highly active corridor experiencing continued residential growth, rising incomes, and increased development activity, supporting long-term appreciation potential and sustained demand.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

ASPIRA Business & Finance High School

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,113 SF

ZONING

B3-3

APN/PARCEL ID

13-26-112-016-0000,13-26-112-017-0000,13-26-112-053-0000,13-26-112-056-0000,13-26-112-057-0000,13-26-112-058-0000

ASK ABOUT THIS PROPERTY

David KimballTranswestern Real Estate ServicesMore Info
615-516-4827

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

David KimballTranswestern Real Estate ServicesMore Info
615-516-4827

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