3278-80 North Milwaukee Avenue

3278-80 North Milwaukee Avenue is a commercial land offering in Chicago’s Avondale submarket. The 3.28-acre site occupies a triangular position at the signalized intersection of Belmont Avenue, Pulaski Road and Milwaukee Avenue, giving a buyer a defined location from which to plan a development strategy.

The offering encompasses six properties and 142,789 SF of total site area. Its boundaries along Belmont Avenue, Pulaski Road and Milwaukee Avenue put the shape of the site at the center of any design decision: a buyer can work from the triangular configuration rather than treating it as a conventional rectangular parcel. B3-1 zoning and a highest and best use of higher-density mixed-use development establish the framework for that work. Together, the site area, configuration and zoning give a developer concrete parameters for shaping a proposal around this intersection.

The asking price is $18,000,000, or $126.06 PSF and $5,487,805 per acre. Those measures let a buyer consider the acquisition on both a site-area and acreage basis while developing a plan for the property. This is an opportunity for a developer focused on higher-density mixed-use development to pursue a site whose scale and intersection position are central to the design brief. The investment case turns on how the buyer uses that land within the B3-1 zoning framework and the stated highest and best use.