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    8211 S Ashland Ave Chicago, IL 60620

    Sponsored
    For Sale
    Under Contract
    $220,000

    COMMERCIAL - Chicago, IL

    Lot size:
    0.06 Acres
    Days on Market:
    95
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 8211 S Ashland Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    20321240050000
    Lot size
    0.06 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1959
    Floors in Building
    2
    Number of units
    2

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

    Listing agent Anna Chacon (331) 250-6714

    Listing date Oct 3, 2025

    Copyright © 2025 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

    Mixed-Use Property on Ashland Avenue

    This mixed-use property at 8211 S Ashland Ave features a fully operating grocery store on the ground level and a spacious apartment above. The property is zoned B1-1, offering flexibility for various commercial uses such as retail, salon, office, or food service, subject to city approval. It is located on a high-visibility stretch of Ashland Avenue with strong foot and vehicle traffic. The building includes separate utilities, excellent signage potential, and a rear garage for two vehicles with alley access. The lot size is 0.06 acres. Surrounded by schools, churches, and local businesses, with easy access to CTA routes and major roads, this property combines income stability with long-term upside in a well-established neighborhood. It is ideal for owner-occupants or rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Community Food Mart Convenience Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.6629136
    Latitude
    41.7445106

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with grocery store and apartment in Chicago.
    Where is this mixed-use property located?
    The property is located at 8211 S Ashland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Fully operating grocery store on the ground level provides immediate income and business opportunity.; - Spacious apartment above the store is ideal for owner-occupancy or rental income.; - B1-1 zoning allows for flexible commercial uses.
    (331) 250-6714
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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
    8211 S Ashland Ave Chicago, IL 60620
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