Beschreibung

Jones Lang Lasalle Americas (Illinois), L.P. (“JLL”), on behalf of ownership, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire a high-profile redevelopment opportunity located at 2616 N. Milwaukee Ave in Chicago, Illinois (“The Property”).

Located on the west side of North Milwaukee Avenue, the former Grace’s Furniture building is adjacent to the Logan Square Blue Line Station and the Illinois Centennial Monument at the Western end of Logan Boulevard. The Logan Square neighborhood offers a compelling mix of amenities and neighborhood character that makes it one of Chicago's most desirable areas. Known for its arts scene, with galleries, music venues, and the annual Logan Square Arts Festival contributing to a creative community atmosphere.

2616 N Milwaukee Avenue is a 8,225 square foot land site which is currently improved with a five-story, 30,800 square foot building formerly home to Grace’s Furniture. The Property is currently zoned Type I - B3- 5, Community Shopping District. This zoning classification allows for a wide range of commercial uses as well as residential units above the ground floor. 2616 N Milwaukee Avenue’s strategic location in the heart of Logan Square positions it to capitalize on the neighborhoods continued growth, making it a premier redevelopment opportunity.

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