New York Buyer Acquires Retail Medical Building In Chicago For $5.6 Million
1455 North Milwaukee Avenue
$5,600,000
$492/SF
Building Size
11,370 SF
Asset Type
Retail
Closing
Feb 26, 2026
About this deal
AI
A retail and medical building located at 1455 North Milwaukee Avenue in Chicago has been sold for $5,600,000. The property spans 11,370 square feet and trades at a price per square foot of $493. It is fully occupied by Barry’s Bootcamp on the ground floor and Kindbody above, making it a fully utilized two-story facility.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,600,000
- Square Footage: 11,370
- Price Per Square Foot: $493
- Address: 1455 North Milwaukee Avenue, Chicago
- Market: Chicago
- Buyer: New York-based buyer
- List Price Achievement: 98% of list price
The deal was facilitated by Greenstone Partners, with Danny Spitz and Brewster Hague representing the seller and procuring the buyer. Their involvement highlights their role in successfully closing the transaction.
On the Map
$5,600,000
$492/SF
Retail
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Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93