Greenstone Partners lists 1501 & 1505 N. Milwaukee Ave., in the Wicker Park neighborhood of Chicago for $7.39 million. The two buildings are situated on one land parcel, including a two-car parking garage. Greenstone Partners’ Managing Partner Danny Spitz and Senior Director Brewster Hague represent the seller and are marketing the portfolio.
“Wicker Park offers a unique confluence of location, destination and tenant mix,” said Spitz. “These properties are located on Milwaukee Avenue at the corner of Honore St. and feature notable retailers - Jeni’s Ice Cream and Round Two and feature large apartment floorplans.”
1501 N. Milwaukee is a two-story, 4,300+ square foot retail building 100% occupied by Round Two, a popular streetwear and fashion retailer.
Built in 2015, 1505 N. Milwaukee Ave is a four-story, 7,100+ square foot mixed-use building with retail space on the ground floor 100% occupied by Jeni’s Ice Cream. Three spacious three-bedroom, two-bathroom units featuring condo-quality finishes, outdoor space and an abundance of natural sunlight.
“The properties, located near the prolific North-Milwaukee-Damen ‘six-corners’ intersection and the CTA Damen station, have high-foot traffic for its retailers and a prime location for its residents,” said Hague. “With an investment in this coveted Chicago neighborhood, where national retailers have flagship locations to attract national and international tourists, we anticipate a high investor interest for the properties.”
To learn more about Greenstone Partners, visit www.Greenstone-Partners.com.