Retail Center on Ashland
For Sale
Contact for pricing
2904 N Ashland Ave, Chicago, IL 60657
19,979 SF retail center in Chicago, 87% occupied.
Property Size19,979 SF
Days on Market206
Property Features for 2904 N Ashland Ave
General Information
Standard status
Active
Size
19,979 SF
Property subtype
Retail
Occupancy
87%
Investment Type
Value Add
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
JLL Chicago | North Riverside Plaza
(312) 300-7291
Listed By:
Michael Nieder · License #IL475.189942
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 2:53PM
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 JLL Chicago | North Riverside Plaza
Investment Insights
Based on property information with market context.
The property is a 19,979 square foot retail center located at 2862-2928 N Ashland Avenue, Chicago, IL. Constructed in 1987, the property includes 181 parking spots. The property is comprised of 9 suites and is currently 87% occupied. The weighted average lease term (WALT) is 2.7 years. The property's Year 1 Net Operating Income (NOI) is approximately $760,000. The property has demonstrated a 5-Year Compound Annual Growth Rate (CAGR) of 7.8%.
Key Highlights
- High Year 1 NOI: +/- $760,000
- Strong 5‑Year CAGR of 7.8%
- High Occupancy at 87%
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,519
Businesses Nearby
284k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Shops & Services 29%
Dining 25%
Beauty & Spa 2%
Whole Foods Market
Groceries
64,387 visits/mo
0.4 miles
Jewel-Osco
Groceries
55,541 visits/mo
0.1 miles
McDonald's
Dining
36,369 visits/mo
0.0 miles
Fifth Third Bank & ATM
Shops & Services
15,951 visits/mo
0.4 miles
Taco Bell
Dining
14,322 visits/mo
0.5 miles
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Shopping center - 19,979 SF retail center in Chicago, 87% occupied.
Where is this shopping center located?
The property is located at 2904 N Ashland Ave Chicago, IL.
What are key features of this property?
This property features: High Year 1 NOI: +/- $760,000; Strong 5‑Year CAGR of 7.8%; High Occupancy at 87%
