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    1524 N Ashland Ave Chicago, IL 60622

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    For Lease
    $30 SF/Yr

    Renovated retail space with basement storage and high foot traffic.

    Property Features for 1524 N Ashland Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2018

    Source: ALLURE REAL ESTATE Agent ADAM LENCHNER

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

    Overview

    Wicker Park Retail Space Available

    This live/work property offers a unique opportunity with 1200 square feet of retail space and parking, plus an additional 1200+ square feet of basement storage with curb exposure. There is a possibility to secure residential space above upon tenant turnover in the upcoming years. The property has easy access to I-90/94, public transit, and the 606 trail. Located in Wicker Park, it benefits from high foot traffic from nearby residents and restaurants, with 20,000 vehicles per day. Increased commercial activity is anticipated due to a new hotel being built across the street. Zoned B3-2, the space is suitable for various businesses, including retail, restaurant/cafe, office, or medical use. The building has been recently renovated with new electrical wiring, furnace, HVAC, and copper plumbing. The retail space is turnkey ready in white box condition and includes a built-out ADA bathroom. The owner is willing to help offset tenant's TI costs with rent credits. The property is available for immediate occupancy.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.6679557
    Latitude
    41.9095639

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated retail space with basement storage and high foot traffic.
    Where is this mixed-use property located?
    The property is located at 1524 N Ashland Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - 1200 SF retail space with parking and an additional +1200 SF of basement storage in high-traffic Wicker Park location (20K VPD).; - Turnkey-ready retail space in white box condition with a built-out ADA bathroom and new renovations (electrical, furnace, HVAC, plumbing).; - B3-2 zoning allows for a wide range of business uses (retail, restaurant, office, medical, etc.).
    Request Owner's contact information
    1524 N Ashland Ave Chicago, IL 60622
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    Chicago, IL 60622
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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
    1524 N Ashland Ave Chicago, IL 60622
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