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Retail/Office Space with Deck
For Lease
$28 SF/Yr

1123 N Ashland Avenue, Chicago, IL 60622

First-floor retail or office space featuring hardwood floors and a deck.

Days on Market391

Property Features for 1123 N Ashland Avenue

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $24,282

Building Details

Year Built 1894
Listing Agency: WEICHERT,REALTORS-FIRSTCHICAGO
Listed By: RONALD RUBY
Source: Corcoran
Added: Jul 9, 2025 Changed: Mar 16 Last Checked: Apr 23 at 10:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WEICHERT,REALTORS-FIRSTCHICAGO

Investment Insights

Based on property information with market context.

This first-floor space is suitable for retail, office, store, or studio use. It features hardwood flooring throughout, a full bathroom, and a kitchen equipped with granite countertops and stainless steel appliances. The space also includes central air conditioning and high ceilings. A large, shared, enclosed deck is located at the rear of the property.

Key Highlights

  • First Floor Retail Space: Ideal for your business, office, store, or studio.
  • Full Bathroom: Convenient for both staff and customers.
  • Granite and Stainless Kitchen: A modern and functional space.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Nursing Home Adult Day Care Tanning Salon (Bike/Boat/Book/etc) Store Butcher Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,432
Businesses Nearby

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 SF
Avg Space Size

This space is priced 9% above the average of $25.71 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - First-floor retail or office space featuring hardwood floors and a deck.
Where is this retail space located?
The property is located at 1123 N Ashland Avenue Chicago, IL.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: First Floor Retail Space: Ideal for your business, office, store, or studio.; Full Bathroom: Convenient for both staff and customers.; Granite and Stainless Kitchen: A modern and functional space.
More about this property
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