N Milwaukee Ave - Commercial LAND FOR SALE


Chicago, IL 60618- Avondale142,877 SF
$18,000,000 USD
773-736-3600
N Milwaukee Ave, Chicago, IL for Sale
$18,000,000 USD
Commercial LAND - FOR SALE
1/3
142,877 SF

N Milwaukee Ave
Chicago, IL 60618
Avondale


HIGHLIGHTS

  • Belmont Triangle - largely vacant 3.28 acres landsite for sale at Belmont, Milwaukee and Pulaski
  • Redevelop into a high-density mixed-use destination - demand for residential and commercial uses remains strong.
  • As Logan Square and Bucktown continue to rise in cost, Avondale is becoming an increasingly attractive alternative for residents and investors
  • The site offers outstanding accessibility and exposure, with easy access to I-90/94, the Belmont Blue Line station, and Irving Park Metra
  • Development incentives include eTOD, NOF, TIF, LIHTC, federal subsidies grants and loans, Cook County Tax Incentives for Class 7A, 7B and L properties
  • The surrounding neighborhood features a mix of community assets such as schools, churches, and a range of active retail establishments

OVERVIEW

Strauss Realty, Ltd. is proud to offer a rare opportunity to redevelop a substantial, 3.28 acre contiguous site in the heart of Avondale – bordered by Pulaski Road (20K VPD), Belmont Avenue (16K VPD), and Milwaukee Avenue (17K VPD). This prominent parcel is ideally suited for a higher-density, mixed-use development that could include residential units, a grocery store, restaurants, bars, entertainment venues, or even a lifestyle center with community-focused retail. Formerly home to industrial buildings, small businesses, and auto-related uses, the site is now largely vacant – creating a noticeable gap in Avondale’s commercial landscape. Recognizing its potential, the previous alderman supported zoning changes to allow for four- to five-story buildings, signaling readiness for revitalization. There is strong community support for redevelopment, with the shared goal of transforming the “Belmont Triangle” into a vibrant, mixed-use destination that reflects the neighborhood’s character and needs. A 2022 survey revealed that most respondents access the site by walking or driving, and expressed strong interest in open spaces along with dining and retail options. In 2022, the Department of Planning and Redevelopment designed three schemes (see brochure). As nearby neighborhoods like Logan Square and Bucktown continue to rise in cost, Avondale is becoming an increasingly attractive alternative for residents and investors alike. Demand for both residential and commercial uses remains strong, positioning this site for significant returns.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/ACRE

$5,487,797/AC

PRICE/SF

$126 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Belmont Triangle - Belmont/Milwaukee/Pulaski

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Mixed Use

LAND ACRES

3.28 AC

LAND SF

142,877 SF

OFFSITE IMPROVEMENTS

-

ZONING

B3-1

APN/PARCEL ID

13-23-325-014-0000,13-23-325-015-0000

ASK ABOUT THIS PROPERTY

Adam Schneiderman, SIORStrauss RealtyMore Info
773-736-3600

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Adam Schneiderman, SIORStrauss RealtyMore Info
773-736-3600

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