4777 N. Milwaukee Avenue

For Sale

4777 N Milwaukee Ave, Chicago, IL 60630

This Chicago property for sale is located at 4777 N Milwaukee Ave. The current listed sale price for 4777 N. Milwaukee Avenue is $4,000,000. 4777 N. Milwaukee Avenue is situated on a lot that is 0.72 acre in size.

Contacts

broker

Matthew Tarshis

Frontline Real Estate Partners

(847) 780-8063

Property Details

  • Property Type Retail - Freestanding
  • Property Size 10,880 SF
  • Units 1
  • Lot Size 0.72 Acre
  • Property Tenancy Single Tenant
  • Year Built 2003
  • Date Updated Mar 12, 2024
Former CVS available for sale and lease at 4777 N. Milwaukee Avenue on Chicago's northwest side. Submerged in Chicago's Portage Park neighborhood, the property is situated at the SEC corner of Lawrence Avenue & Milwaukee Avenue which features an average daily traffic count of ~23,000 VPD. The Property is approximately 10 miles north from Chicago's Loop and six (6) miles south from O'Hare International Airport as well as being one (1) block west of the Kennedy Expressway (I-90/I-94). Additionally, the property is a quarter mile south of the Jefferson Park Metra Station providing commuters direct access to Chicago and surrounding communities. In the immediate area, the offering finds itself part of Portage Park's commercial corridor which is filled with a variety of retailers, medical users as well as being across the street from Copernicus Center, which host local events throughout the year. Some of the noticeable retailers include: Jewel Osco, Starbucks, North Shore Immediate Care, 7-Eleven, McDonald's, Popeye's among several others.10,880 SF freestanding building on a ground lease to CVS Pharmacy (Dark) in Chicago's Portage Park neighborhood. Located on Chicago's northwest side, the property finds itself at the southeast corner of the signalized intersection of Milwaukee Avenue and Lawrence Avenue, two (2) blocks west of the Kennedy Expressway (I-90/I-94). The property is located 10-miles north of Chicago's Central Business District and six (6) miles southeast of O'Hare International Airport. The investment grade Tenant, CVS Pharmacy, has occupied the property since December 2003 and has term through January 2026. The property produces a NOI of approximately $324,760. The property includes a freestanding building with drive-thru access, 38-surface level parking spaces, and pylon signage at the signalized intersection featuring visibility and exposure to ~23,000 VPD. The property is well located near the Jefferson Park Metra Station (.25 miles north) and the Kennedy Expressway, and is part of Portage Park's primary commercial corridor surrounded by retailers, service oriented businesses, and the Copernicus Center, which hosts local events throughout the year. Neighboring retailers include Jewel Osco, Target, Mariano's. Marshalls, Walgreen's, Ross Dress For Less, PetSmart, Starbucks, Dollar Tree, North Shore Immediate Care, Chipotle, McDonald's, Popeye's among several others.Up to 10,880 SF available for lease at the SE corner of the Lawrence Avenue & Milwaukee Avenue signalized intersection on Chicago's northwest side. Located in Chicago's Portage Park neighborhood, the former CVS Pharmacy offers a rare opportunity for a variety of retail, medical and service oriented businesses to pursue a freestanding building that features a spacious interior, 18-foot ceilings, pylon signage at the signalized intersection (~23,000 VPD) , a drive-thru and 38-parking spaces on-site. The Property was previously occupied by CVS Pharmacy, who has term through January 2026, giving prospective Tenant's an opportunity to sublease a freestanding property conveniently located two blocks west of the Kennedy Expressway (I-90/I-94). The property is well located in one of Portage Park's primary commercial corridors, surrounded by a variety of retail, and service oriented businesses as well as the Copernicus Center, which host local events throughout the calendar year. Additionally, the property offers convenient accessibility being .25-miles south of the Jefferson Park Metra, which provides direct access to downtown Chicago and O'Hare International Airport. Noticeable retailers nearby: Jewel Osco, Starbucks, North Shore Immediate Care, McDonald's, Popeye's among several others.

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Highlights

  • Opportunity to purchase an Investment grade Tenant CVS Pharmacy Ground Lease with term through January 2026
  • Property produces a NOI of approximately $324,760
  • Located at the SEC of the signalized intersection of Lawrence Avenue and Milwaukee Avenue, featuring exposure to approximately ~23,000 VPD
  • Existing drive-thru on-site
  • 38-surface level parking spaces
  • Conveniently located two blocks west of the Kennedy Expressway (I-90/I-94) and .25-miles south of the Jefferson Park Metra Station

Getting around

  • 91/100

    Walk Score ®

  • 87/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Jefferson Park
  • Zip Code 60630
  • Market Chicago

Points of Interest

  • Jefferson Park

    0.23 miles

  • Forest Glen

    0.79 miles

  • Mayfair

    0.86 miles

  • Montrose

    0.94 miles

  • Gladstone Park

    1.25 miles

  • Grayland

    1.65 miles

  • Irving Park

    1.82 miles

  • Irving Park

    1.88 miles

  • Edgebrook

    2.16 miles

  • Kimball

    2.41 miles

  • BP

    0.29 miles

  • Mobil

    0.59 miles

  • BP

    0.70 miles

  • Mobil

    0.71 miles

  • Citgo

    0.76 miles

  • Shell

    0.79 miles

  • Citgo

    0.79 miles

  • Marathon

    0.82 miles

  • Shell

    0.97 miles

  • Shell

    1.00 miles

  • Community First Health Center Parking Garage

    1.53 miles

  • Lot D

    1.64 miles

  • Lot B

    1.65 miles

  • Lot C

    1.66 miles

  • Lot A

    1.67 miles

  • Belmont Central Parking

    2.07 miles

  • Congas Restaurant Parking

    2.38 miles

  • Kimball Park & Ride

    2.45 miles

  • Faculty & Staff Parking

    2.46 miles

  • Resident Student Parking

    2.47 miles

  • Taqueria La Estrella

    0.08 miles

  • China Star

    0.10 miles

  • Subway

    0.13 miles

  • Excelsior Garden

    0.14 miles

  • Kawayan

    0.14 miles

  • Dunkin'

    0.15 miles

  • Popeyes

    0.19 miles

  • Gale Street Inn

    0.23 miles

  • Jefferson Park Grill

    0.26 miles

  • Gorilla Sushi Bar

    0.29 miles

  • Jewel-Osco

    0.36 miles

  • Seafood City

    0.82 miles

  • Mariano's Fresh Market

    0.85 miles

  • Target

    0.93 miles

  • Ross

    0.96 miles

  • Jewel-Osco

    1.13 miles

  • Ross

    1.20 miles

  • dd's Discounts

    1.23 miles

  • Marshalls

    1.26 miles

  • Butera

    1.41 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Matthew Tarshis

Frontline Real Estate Partners

(847) 780-8063