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Retail Space Near University
For Lease
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1220-1250 S Ashland Ave, Chicago, IL

Retail space adjacent to medical center and Costco.

Space Size1,850 SF
Lot Size9.62 Acres
Days on Market872

Property Features for 1220-1250 S Ashland Ave

General Information

Standard status Active
Size 1,850 SF
Lot size 9.62 Acres
Property subtype RETAIL

Spaces For Lease

at 1220-1250 S Ashland Ave Contact us

1220 S Ashland Ave

Floor
1
Size
1,850 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Adjacent to University of Illinois Medical Center and Costco - Close proximity...
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Listing Agency: Mid-America Real Estate Group | Chicago
Listed By: Brendan Reedy
Source: Moodyscre
Added: Apr 4, 2024 Changed: Aug 8 Last Checked: Aug 22 at 9:19AM

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 Mid-America Real Estate Group | Chicago

Investment Insights

Based on property information with market context.

This 774-square-foot retail space is located in a grocery-anchored shopping center. The property is adjacent to the University of Illinois Medical Center and Costco. It is also in close proximity to the University of Illinois at Chicago, which has 16,000 undergraduates. The shopping center is located in a busy area with a population of over 459,000 people within a 3-mile radius.

Key Highlights

  • Extremely busy center with a high population density (459,000+ within 3 miles).
  • Grocery‑anchored shopping center.
  • Adjacent to University of Illinois Medical Center and Costco.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store HVAC Service Garden Center Real Estate Agency

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

Location Intelligence

Trade Area within ½ mile

8,533
Businesses Nearby
390k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 44% Shops & Services 32% Groceries 18% Dining 5%
Costco Wholesale Superstores
170,820 visits/mo 0.3 miles
Costco Gasoline Shops & Services
80,339 visits/mo 0.2 miles
Jewel-Osco Groceries
68,401 visits/mo 0.1 miles
Bank of America Shops & Services
14,934 visits/mo 0.1 miles
Mobil Shops & Services
10,436 visits/mo 0.2 miles

Market

Lease Benchmarks for Chicago, IL

$21.4 /SF/Yr
Avg Asking Price
$12–$30 /SF/Yr
Price Range
26,628 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail space adjacent to medical center and Costco.
Where is this shopping center located?
The property is located at 1220-1250 S Ashland Ave Chicago, IL.
What are key features of this property?
This property features: Extremely busy center with a high population density (459,000+ within 3 miles).; Grocery‑anchored shopping center.; Adjacent to University of Illinois Medical Center and Costco.
(630) 954-7390 Call to check price and availability
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