Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Calumet Park Walgreens For Sale Title is generated by Realmo AI

    12854 S Ashland Ave, Calumet Park, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN lease with 11.5+ years remaining in Calumet Park.

    Type:RETAIL
    Property size:
    14,490 SF
    Lot size:
    1.32 Acres
    Price / SF:
    $291/SF
    Added:
    Nov 24, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 9:37 pm

    Property Features for 12854 S Ashland Ave

    General Information

    Standard status
    Active
    Size
    14,490 SF
    Lot size
    1.32 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Connor Shell
    Connor Shell

    Listing agent Connor Shell License #01993313

    Listing office STREAM Capital Partners

    Listing date Nov 24, 2025

    Source Moodyscre

    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 STREAM Capital Partners

    HighLights

    • Long term commitment: Absolute NNN lease with 11.5+ years remaining.
    • Investment grade credit: Walgreens is S&P Rated BBB- providing long‑term security.
    • Highly populated submarket: Located in a dense market with a population of over 126,000 within a 3‑mile radius.
    • Well situated: Positioned near the exit of interstate 57 which has a traffic count of 102,000 VPD.
    • Increases throughout lease term: Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
    • Strong retail trade area: Neighboring retailers include Planet Fitness, Aldi, Advanced Auto, McDonalds and many more.

    Overview

    This property features an absolute NNN lease with over 11.5 years remaining. The lease includes 5% rental increases every 5 years throughout the base term. Walgreens is S&P Rated BBB-. The property is located in a densely populated submarket with over 126,000 residents within a 3-mile radius. It is positioned near the exit of Interstate 57, which has a traffic count of 102,000 vehicles per day. Neighboring retailers include Planet Fitness, Aldi, and Advanced Auto, among others. The property size is 14,490 square feet and is located at 12854 S Ashland Ave, Calumet Park, IL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo (Bike/Boat/Book/etc) Store COVID-19 Drive-Thru Testing ... Pharmacy Walgreens Pharmacy Coinhub Bitcoin ATM ... Atm Tiajuana Dixon Pharmacy

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • COVID-19 Drive-Thru Testing at Walgreens — 12854 S Ashland Ave, Calumet Park, IL 60827
    • Tiajuana Dixon — 12854 S Ashland Ave, Calumet Park, IL 608276308
    • Dawn Rush — 12854 S Ashland Ave, Calumet Park, IL 608276308
    • Adonis Ducre — 12854 S Ashland Ave, Calumet Park, IL 608276308
    • Walgreens Pharmacy — 12854 S Ashland Ave, Calumet Park, IL 60827

    Location Insight

    • Map
    • Local Demand
    City
    Calumet Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.6614
    Latitude
    41.6589

    Nearby Similar for Sale

    • $495,000
      7,035 SF

      7,035 SF Retail Center

      Fully leased retail center with high traffic and great visibility.
      1250-1258 W 127th St, Calumet Park, IL
      View Details
    • $175,000

      Spacious Multi-Unit Property

      Two-unit property on an oversized lot, ready for renovation.
      12409 S Green Street, Calumet Park, IL 60827
      View Details
    • $625,000
      7,200 SF

      Calumet Park Multifamily Investment Opportunity

      Eight-unit multifamily building in Calumet Park with recent renovations.
      1234 W 127th St., Calumet Park, IL 60827
      View Details
    • $875,000
      16,200 SF

      Calumet Park Multifamily Investment Opportunity

      12-unit multifamily building in Calumet Park, Chicago South Suburbs.
      1200 W 127th St, Calumet Park, IL 60827
      View Details
    • $379,900
      4,000 SF

      Vacant Commercial Building on Ashland

      Free-standing 4,000 sq ft commercial building on busy Ashland Ave.
      12534 S Ashland Ave, Calumet Park, IL 60827
      View Details
    • $2,100,000
      21,300 SF

      32-Unit Multifamily Investment Opportunity

      Two-building, 32-unit multifamily property in Calumet Park, Illinois.
      12500-12510 S Lincoln St, Calumet Park, IL 60827
      View Details
    • $3,600,000
      35,700 SF

      Calumet Park Multifamily Investment Opportunity

      52-unit multifamily portfolio in Calumet Park, Illinois.
      12500-12510 S. Lincoln St, 1200 W. 127th St, & 1234 W. 127th St, Calumet Park, IL 60827
      View Details
    • Contact for pricing
      12,580 SF

      Retail Property in Calumet Park

      Retail property for sale in Calumet Park, Illinois.
      1300 W 127th St, Calumet Park, IL
      View Details

    FAQs

    What type of property is this?
    Drug store - NNN lease with 11.5+ years remaining in Calumet Park.
    Where is this drug store located?
    The property is located at 12854 S Ashland Ave Calumet Park, IL.
    What is the asking price?
    The asking price for this property is $4,225,000.
    What are key features of this property?
    This property features: Long term commitment: Absolute NNN lease with 11.5+ years remaining.; Investment grade credit: Walgreens is S&P Rated BBB- providing long‑term security.; Highly populated submarket: Located in a dense market with a population of over 126,000 within a 3‑mile radius.
    (312) 899-6664 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Connor Shell
    Connor Shell
    Real Estate License ID: 01993313
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12854 S Ashland Ave, Calumet Park, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!