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    5237-5257 S Ashland Ave Chicago, IL 60622

    For Sale
    $3,750,000

    12,901 SF office building with GSA lease in Chicago.

    Property size:
    12,901 SF
    Lot size:
    0.51 Acres

    Property Features for 5237-5257 S Ashland Ave

    General Information

    Size
    12,901 SF
    Lot size
    0.51 Acres

    Source: Network Commercial Real Estate Agent Neil Haleem

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Office Building For Sale

    This 12,901 square foot office building is situated on a 30,419 square foot site. The property benefits from a new 10-year GSA lease with the Social Security Office. It features two curb cuts, one on Ashland Avenue and one on 53rd Street, and is located at a traffic light intersection. The property includes 31 on-site parking spaces, with additional street parking available. The building is located in a densely populated area.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -87.6643256
    Latitude
    41.7984276

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    FAQs

    What type of property is this?
    Office building - 12,901 SF office building with GSA lease in Chicago.
    Where is this office building located?
    The property is located at 5237-5257 S Ashland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: - New 10yr GSA Lease (Social Security Office); - 12,901sf Building on a 30,419sf site; - 31 on site parking spaces
    (708) 927-8000
    Request Owner's contact information
    5237-5257 S Ashland Ave Chicago, IL 60622
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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
    5237-5257 S Ashland Ave Chicago, IL 60622
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