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    5017 S Ashland Ave Chicago, IL 60609

    Sponsored
    For Sale
    $125,000

    COMMERCIAL - Chicago, IL

    Type:Retail
    Days on Market:
    65
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 5017 S Ashland Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    RTAIL
    APN
    20081240080000

    Utilities

    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1952
    Floors in Building
    1

    Charles Rutenberg Realty (630) 929-1100 [email protected]

    Listing agent Anna Chacon (331) 250-6714

    Listing date Nov 2, 2025

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Commercial Space, Chicago

    This recently renovated commercial property offers significant potential due to its B3-2 zoning. The interior features upgraded wall finishes, fresh paint, and new flooring. The property is currently vacant and ready for immediate occupancy. Situated in a high-traffic area, the location provides convenient access to I-55. The zoning allows for various uses, including retail stores, restaurants, offices, or mixed-use developments with residential units on upper floors. The surrounding area is populated with established businesses, ensuring visibility and consistent customer traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6690913
    Latitude
    41.9729907

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    FAQs

    What type of property is this?
    Retail space - Move-in ready commercial space with high potential in prime location.
    Where is this retail space located?
    The property is located at 5017 S Ashland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Prime location in a high-traffic area with strategic access to I-55.; - B3-2 zoning allows for versatile commercial use: retail, restaurants, offices, or mixed-use developments.; - **Recently renovated with upgraded wall finishes, fresh paint, and brand-new flooring throughout.**
    (331) 250-6714
    Request Owner's contact information
    5017 S Ashland Ave Chicago, IL 60609
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    Chicago, IL 60609
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5017 S Ashland Ave Chicago, IL 60609
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