Neighborhood Retail Strip
For Sale
Contact for pricing
4751-4765 South Ashland Avenue, Chicago, IL 60609
Strip center with five retail units, including one larger space that may be subdivided into four units.
Property Size9,760 SF
Days on Market149
Property Features for 4751-4765 South Ashland Avenue
General Information
Standard status
Active
Size
9,760 SF
Property subtype
Retail
Occupancy
87%
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Brian Parmacek · License #IL 475.132220
(224) 619-6808
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 7:49AM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
This retail strip center includes five total units, four of which are described as 1,230 square feet, plus a larger 4,840-square-foot unit. The larger unit can be divided into four separate units, which may support flexibility as leases roll. The property also includes a roof replacement completed in 2016.
The center is located at 4751–4765 South Ashland Avenue in Chicago, Illinois, and is positioned among a mix of national retailers, including Walmart, Family Dollar, Aldi, McDonald’s, Foot Locker, and Walgreens.
For investors or owner-users evaluating leasing and occupancy, the current offering is noted as 87% occupied with established retail/service tenants, with remaining space available for lease-up.
The center is located at 4751–4765 South Ashland Avenue in Chicago, Illinois, and is positioned among a mix of national retailers, including Walmart, Family Dollar, Aldi, McDonald’s, Foot Locker, and Walgreens.
For investors or owner-users evaluating leasing and occupancy, the current offering is noted as 87% occupied with established retail/service tenants, with remaining space available for lease-up.
Key Highlights
- Chicago strip center at 4751‑4765 S Ashland Ave with 5 retail units totaling 87% occupancy
- Four units are 1,230 SF plus one larger 4,840 SF unit
- 4,840 SF unit can be divided into four separate units as leases roll
Property Analytics
Current Use
Lease Details
87%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,156
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 34%
Groceries 20%
Apparel 8%
McDonald's
Dining
29,351 visits/mo
0.3 miles
Aldi
Groceries
27,298 visits/mo
0.2 miles
BP
Shops & Services
15,025 visits/mo
0.4 miles
Marshalls
Apparel
10,573 visits/mo
0.4 miles
Dollar Tree
Shops & Services
10,222 visits/mo
0.3 miles
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 Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Strip mall - Strip center with five retail units, including one larger space that may be subdivided into four units.
Where is this strip mall located?
The property is located at 4751-4765 South Ashland Avenue Chicago, IL.
What are key features of this property?
This property features: Chicago strip center at 4751‑4765 S Ashland Ave with 5 retail units totaling 87% occupancy; Four units are 1,230 SF plus one larger 4,840 SF unit; 4,840 SF unit can be divided into four separate units as leases roll
