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$499,000
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Property Description
Overview Presenting 7400 N Milwaukee Ave - a newly remodeled, versatile flex space ideally situated on a high-traffic corner across from Niles Medical Center. Built originally in 1965 and completely upgraded in 2025, this retail/office/industrial property offers modern enhancements combined with exceptional visibility and accessibility. With a total of 3,200 square feet, this single-tenant space is perfect for businesses seeking a contemporary, flexible environment in a thriving community. Property Highlights Prime Location: Positioned on the corner of Milwaukee Ave and Jarvis Ave, this building benefits from a high vehicle count and excellent exposure. The close proximity to Niles Medical Center further enhances its appeal to a diverse clientele. Modern Renovations: Recently remodeled with significant upgrades including: Brand new furnace for improved efficiency Two newly installed bathrooms Upgraded electrical systems to meet modern business demands Fresh brick work and new windows enhancing both aesthetics and energy efficiency Flexibility and Potential: Zoned under code 593, this property offers versatile usage possibilities for retail, office, or light industrial purposes. The open layout provides an excellent canvas for customization, making it an attractive option for businesses looking to tailor their space. Additional Features: 12-foot ceilings creating a spacious and open feel 8 dedicated parking spaces Modified gross lease term available for 2-4 years Demographics & Market Opportunity The surrounding area is dynamic, with a growing population and robust economic indicators. The local market shows steady growth in household income and employment opportunities, making this location an ideal choice for businesses looking to thrive in a well-established community. Ideal For This property is perfectly suited for businesses that value: High visibility in a bustling urban environment Modern, upgraded facilities in a prime location Flexibility to adapt the space to a variety of commercial uses Whether you're looking to establish a retail outlet, an office hub, or a mixed-use facility, 7400 N Milwaukee Ave offers a compelling opportunity in one of Niles' most promising commercial corridors.
Full Property Details
Full Property Details for 7400 N Milwaukee Ave
General
- Sold For: $499,000
- Taxes: $4,750 (2022)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12302014
- Added to Site: 362 day(s) ago
Interior
- Interior Features: Private Restroom(s)
- Flooring: Concrete
Additional Information
- Security/Safety: Alarm Monitored
Location
- Area: Niles
- County: Cook
- Driving Directions: Milwaukee Ave to NW corner with Jarvis Ave.
- Location Details: Corner, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Construction: Brick, Block, Stone
- Exterior Const.: Brick, Block, Stone
- Foundation: Concrete Perimeter
- Roof: Membrane
- Ceiling Height: 12
- Drive-In Doors: 2
- Loading: Depressed
- Sub-Flooring: Concrete
- Stories/Levels: 1
- Square Feet: 3,200
- Current Bldg. Use: Commercial
- Year Built: 1965
Lot Features
- Lot Size (Sq. Ft.): 6,246
- Lot Dimensions: 50 x 125
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- Lease Price: $17
- For Sale/Rent/Lease: For Sale or Rent
- Security Deposit: Alarm Monitored
- Assessment Year: 1965
- Tax Amount: $4,750
- Tax Year: 2022
- Tenant Pays: Insurance
Disclosures and Reports
- Property ID: 10303080400000
Listed by Arc Red Inc Arc Realty Group
Sold by Smart Home Realty
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Schools
Schools serving 7400 N Milwaukee Ave
School Districts:Niles Elementary School District 71, Niles Township Community High School District 219
| Name | Grades | Distance |
|---|---|---|
Clarence E Culver School 6901 West Oakton Street, Niles, IL 60714 | PK-8 | 0.8 mi |
Niles West High School 5701 Oakton Street, Skokie, IL 60077 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7400 N Milwaukee Ave
Date
Details
Price
Change
Source
7/14/2025
Sold
$499,000
—
MLS
3/09/2025
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7400 N Milwaukee Avenue, Niles, IL 60714 (MLS# 12302014) is a Commercial property that was sold at $499,000 on July 14, 2025. Want to learn more about 7400 N Milwaukee Avenue? Do you have questions about finding other Commercial real estate for sale in Niles? You can browse all Niles real estate or contact a Coldwell Banker agent to request more information.

