Greenstone Partners is pleased to announce the successful sale of 1455 North Milwaukee Avenue, a mixed-use retail and medical property located in Chicago’s Wicker Park neighborhood. The urban infill asset sold for 98% of list price to a New York–based buyer, reflecting continued investor demand for well-located retail and mixed-use properties in high-traffic urban retail corridors.
“This transaction demonstrates the continued strength of investor appetite for retail and mixed-use assets in Chicago’s most active commercial corridors,” said Danny Spitz, CEO of Greenstone Partners. “The combination of national-credit tenancy, exceptional frontage, and rare dedicated parking lot made this a highly compelling opportunity that generated multiple offers.”
The two-story property contains approximately 11,370 rentable square feet and features roughly 125 feet of frontage along North Milwaukee Avenue, offering strong visibility and foot traffic. The asset also includes a highly uncommon urban infill private surface parking lot with 23 dedicated spaces, a distinguishing feature in the Wicker Park submarket.
Barry’s Bootcamp, a global boutique fitness operator with more than 90 locations worldwide, occupies the ground floor. The upper level is leased to Kindbody (formerly Vios Fertility Institute), a medical services provider.
Located in a dense live-work-play environment, the property benefits from Wicker Park’s established retail and dining corridor, which includes a wide range of national and specialty retailers such as Barnes & Noble, Adidas Originals, Urban Outfitters, CAVA, Supreme, Thursday Boots, and Abercrombie & Fitch.
Greenstone Partners’ Danny Spitz and Brewster Hague exclusively represented the seller, a Chicago-based investment and development company, and also procured the buyer. With this closing, Greenstone Partners has completed its 71st investment sale in the Wicker Park / Bucktown submarket, now eclipsing $202 million in total transaction volume.