MLS Number 11466735
- CommercialSale Commercial Sale
- Area West Town
- Year Built 1914
- Zoning COMMR
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).
Listed by Scott Maesel of Sperry Van Ness