Ground-Floor Beauty Salon
1345 N Ashland Avenue CN Chicago, IL 60622
1345 N Ashland Avenue CN, Chicago, IL, 60622
Contact for pricing
For Sale
Contact for pricing
Ground-floor retail suite built for beauty and wellness, with four private treatment rooms and a front reception area.
Property Size973 SF
Price / SF$226.10
Days on Market52
Property Features for 1345 N Ashland Avenue CN
General Information
- Standard status
- Active
- Size
- 973 SF
- Property subtype
- Multifamily, Retail
Building Details
- Year Built
- 2005
Listing agency
Compass Chicago
(773) 225-9027
Listed by
Svitlana Creadon · License #IL 475170189
Source
Crexi
Added: Jun 1 Updated: Jul 22 at 4:05AM Checked: Jul 22 at 4:05AM
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 Compass Chicago
Investment Insights
Based on property information with market context.
This ground-floor commercial space is currently laid out as a beauty salon and spa, designed for client services with four private treatment rooms and a welcoming front reception area. The property size is 973 square feet and is offered for sale with the option for the current owner to sell the existing beauty salon license for an additional cost.
The space is located on the Ashland Avenue corridor in Chicago, within an area where nearby new luxury boutique rental and residential developments are underway, supporting continued commercial interest in the neighborhood.
For owner-users and investors seeking a ready-to-operate service layout, the existing treatment room configuration offers straightforward continuity for beauty, massage, skincare, or wellness-style uses, subject to the buyer’s licensing and approvals.
The space is located on the Ashland Avenue corridor in Chicago, within an area where nearby new luxury boutique rental and residential developments are underway, supporting continued commercial interest in the neighborhood.
For owner-users and investors seeking a ready-to-operate service layout, the existing treatment room configuration offers straightforward continuity for beauty, massage, skincare, or wellness-style uses, subject to the buyer’s licensing and approvals.
Key Highlights
- Ground‑floor commercial space built in 2005 on the Ashland Avenue corridor
- Designed for beauty and wellness use, currently operating as a beauty salon and spa
- Includes four private treatment rooms for services such as aesthetics, massage, skincare, or wellness
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.0k | $21.60 |
| − Vacancy | −$1.8k | −$1.84 |
| EGI | $19.2k | $19.76 |
| − OpEx | −$5.8k | −$5.93 |
| NOI | $13.5k | $13.83 |
973 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$192.3K
$168.3K – $224.4K
NOI $13,461 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.8K
$401.4K – $535.2K
NOI $32,114 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Alliance Paper & Foodservice ...
Big Box & Wholesale Store
Open Path Realty
Real Estate Agency
Mike Cho - Real ...
Real Estate Agency
Similar For Sale Nearby
Similar Off Market Nearby
- Lamya Kamel — 1741 W Division St, Chicago, IL 60622
- Holly Carr — 1741 W Division St, Chicago, IL 60622
- Madeleine Tracey — 1741 W Division St, Chicago, IL 60622
- Kate Phillippi — 1741 W Division St, Chicago, IL 60622
- IVI Aesthetics & Wellness — 910 N Damen Ave #1E, Chicago, IL 60622
FAQs
What type of property is this?
Spa & wellness property - Ground-floor retail suite built for beauty and wellness, with four private treatment rooms and a front reception area.
Where is this spa & wellness property located?
The property is located at 1345 N Ashland Avenue CN Chicago, IL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Ground‑floor commercial space built in 2005 on the Ashland Avenue corridor; Designed for beauty and wellness use, currently operating as a beauty salon and spa; Includes four private treatment rooms for services such as aesthetics, massage, skincare, or wellness
