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    1241 N Ashland Ave Chicago, IL 60622

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    For Lease
    $2,100 /Mo ($25 SF/Yr)

    Remodeled retail space in high-traffic Wicker Park/Bucktown location.

    Property size:
    1,000 SF
    Lot size:
    0.07 Acres

    Property Features for 1241 N Ashland Ave

    General Information

    Size
    1,000 SF
    Lot size
    0.07 Acres

    Source: Strauss Realty, Ltd. Agent MJ Weinberger

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

    Overview

    Wicker Park Retail Space Available

    This newly remodeled retail space is available for lease on Ashland Avenue in Wicker Park/Bucktown. The property offers 1,000 square feet of space. It is located near the intersection of Ashland, Milwaukee, and Division, and is also close to the Division Blue Line L-stop at Polish Triangle. Nearby businesses include Jewel, Lowe’s, Mike’s Furniture, and various restaurants and shops in the Wicker Park area. The property is intended for retail use.
    Insight Report Location Intelligence

    Current Use by Public Records

    JT Chicago Junk ... Used Car Dealer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6671332
    Latitude
    41.9046781

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    FAQs

    What type of property is this?
    Retail space - Remodeled retail space in high-traffic Wicker Park/Bucktown location.
    Where is this retail space located?
    The property is located at 1241 N Ashland Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Ashland Avenue in Wicker Park/Bucktown.; - Newly remodeled 1,000 SF retail space.; - Steps to Ashland, Milwaukee & Division intersection (Polish Triangle).
    (847) 334-2587
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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
    1241 N Ashland Ave Chicago, IL 60622
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