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Wicker Park Mixed-Use Changes Hands; Includes First U.S Taco Bell Cantina
Interra Realty brokered the $2.5-million sale of 1439 N. Milwaukee Ave., a mixed-use building with five apartments and approximately 2,000 square feet of street-level retail in the North Side’s Wicker Park neighborhood. The retail space includes Taco Bell Cantina, which opened the concept’s first U.S. location here.
Senior managing partner Joe Smazal represented the private seller. The buyer was represented by Danny Spitz, CEO and managing partner of Greenstone Partners.
“1439 N. Milwaukee was a natural choice for investors thanks to its great Wicker Park location, national retail tenant and updated apartments,” said Smazal. “We were able to successfully complete the sale at an under-6% cap rate, which illustrates that demand and pricing for mixed-use assets are back to pre-pandemic levels.”
Built in 1878, 1439 N. Milwaukee includes three one-bedroom units, one two-bedroom and one three-bedroom. The apartments were fully leased at the time of sale.
- ◦Sale/Acquisition




