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Former Bank Building on Ashland
For Sale
$750,000

5140 S Ashland Avenue, Chicago, IL 60609

12,000 SF building on Ashland Avenue, Chicago.

Property Size7,700 SF
Lot Size0.50 Acres
Price / SF$97.40
Days on Market204

Property Features for 5140 S Ashland Avenue

General Information

Standard status Active
Size 7,700 SF
Lot size 0.50 Acres
Property subtype Office
Listing Agency: DarwinPW Realty
Listed By: Laura Perlman · License #475186095
Source: Corfac
Added: Jan 26 Changed: Jul 6 Last Checked: Aug 17 at 5:21AM

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 DarwinPW Realty

Investment Insights

Based on property information with market context.

The property features a 12,000-square-foot building situated on 8 city lots, comprising 6 parcels. The site, measuring 200 feet by 108 feet, is fully fenced and gated. Formerly a bank building, it includes parking areas on both the north and south sides. Located on Ashland Avenue, the building has a full basement and can be divided for two tenants or used by a single tenant.

Key Highlights

  • Large lot size (200' x 108') comprising 6 parcels and 8 city lots.
  • 12,000sf building adaptable for single or dual tenancy.
  • Fully fenced and gated property for enhanced security.

Property Analytics

Current Use

venue5140 Hotel & Motel

Suggested Use

Top Pick Home Appliance Store Catering Service Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon Locksmith

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

Location Intelligence

Trade Area within ½ mile

735
Businesses Nearby

Demographics for 60609, IL

65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Office building - 12,000 SF building on Ashland Avenue, Chicago.
Where is this office building located?
The property is located at 5140 S Ashland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Large lot size (200' x 108') comprising 6 parcels and 8 city lots.; 12,000sf building adaptable for single or dual tenancy.; Fully fenced and gated property for enhanced security.
More about this property
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