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    8416 S Ashland Ave Chicago, IL 60620

    Under Contract
    For Sale
    $199,900

    Restaurant - Chicago, IL

    Property size:
    1,500 SF
    Days on Market:
    46
    Last Refresh:
    Dec 7 at 10:06 am

    Property Features for 8416 S Ashland Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    20314140290000
    Size
    1,500 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1949
    Architectural style
    Other

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Amy Izzo (888) 574-9405 License #475172618

    Listing date Oct 23, 2025

    MLS# 12211050 Listing URL

    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

    Chicago Restaurant/Retail Investment Opportunity

    This 2,134 square foot building in Chicago, IL, is suitable for a new business, an existing business expansion, or as an addition to an investment portfolio. The property is located on a busy street with high visibility and traffic. The property is zoned COMMR and is currently purposed for Restaurants, Retail properties, and Other restaurants. The property is situated on a 1,500 square foot lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    House of Love Kitchen, UNC & NEPH'S CATERING LLC, DaShuga Shack Catering and Appareals, OJG Creations, Jamaican Me Hungry

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.663572
    Latitude
    41.740713

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    FAQs

    What type of property is this?
    Restaurant - 2,134 SF building on busy street, ideal for business.
    Where is this restaurant located?
    The property is located at 8416 S Ashland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - High visibility location on a busy street.; - Versatile 2,134 sq. ft. building suitable for various business types.; - Ideal for new business, expansion, or investment.
    (888) 574-9405
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    8416 S Ashland Ave Chicago, IL 60620
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    Chicago, IL 60620
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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
    8416 S Ashland Ave Chicago, IL 60620
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