CROSS STREETS: MILWAUKEE & CONCORD
NEIGHBORHOOD: WICKER PARK
1652 N MILWAUKEE AVE
THE LORD COMPANIES, L.L.C.
1030 North Clark Street, Suite 300, Chicago, Illinois, 60610, Phone: 312.944.6270, Fax: 312.944.3759
Commercial Space: This commercial space is located on the corner on the 1st level of a newer 5-story, 30-unit
condominium development. It has extensive full-height windows and large sign bands on both Milwaukee Avenue
and Concord Place offering outstanding street visibility.
➢ 2,170 square feet
➢ 56’ wide x 46’ deep on the corner (>100’ frontage)
➢ Currently built-out as a Verizon Wireless store
Delivery Condition: This space will be delivered in “move-in condition” with existing improvements.
Location: Located at the SW corner of Milwaukee Avenue and Concord Place, 1 block north of the 6-way
intersection of North, Damen and Milwaukee. The Kennedy expressway (I-90/94) is easily accessible, less than 1 mile
east on North Avenue and it is less than 1 block to the elevated train station at North Avenue; it is also only a couple
of blocks to the new 606 high line trail. Athletico Physical Therapy and Smoke Depot are the other tenants in the
building. The area is booming with established major national and local retail establishments and restaurants.
Area Traffic Counts: 10,800 vehicles per day (VPD) on Milwaukee Ave, 12,800 on Damen Avenue, 18,000 VPD on
North Avenue, 38,900 VPD on Western Avenue, 300,000+ on nearby Kennedy Expressway
Demographics: (2018) 1.0-mi. 3.0-mi.
Population 59,079 534,342
Households 26,705 250,236
Daytime Population 52,054 657,062
Average Household Income $117,800 $108,875
Median Household Income $90,529 $79,526
Zoning/Allowed Uses: B3-3 (Community Shopping District) accommodates a very broad range of predominantly
destination-oriented retail and service uses.
Parking: 4 parking spaces are available directly behind the space for $250/mo per space.
Lease Rate: $36-$42/SF ($6,500 - $7,600/mo.), NNN depending on lease term, tenant credit, tenant improvement
allowance/rent abatement, etc.
Pass-through Expenses: Tenant is responsible for its pro rata share of Real Estate Taxes and Common Area
Maintenance (CAM). 2018 Real estate taxes were $7.59/SF ($1,375/mo); CAM is approx. $1.00/SF ($180/mo).
Tenant is also responsible for their own separately metered gas and electric utilities.; water is included as part of
Availability: June 2019 - DO NOT DISTURB CURRENT TENANT