Lakeview Storefront Investment Opportunity

3642 N Ashland Ave, Chicago, IL 60613

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For Sale

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2,700 SF C1-2 zoned property in prime Lakeview location.

Type:Land, Retail

Property size:

2,700 SF

Price / SF:

$157/SF

HighLights

Prime location in Lakeview on highly trafficked Ashland Avenue.
C1‑2 zoning offers flexibility for investors, developers, or owner‑users.
Approximately 2,700 square foot property.
Existing month‑to‑month tenant provides immediate income or option to vacate.
Blocks from the Addison Station.
Potential to build up or redevelop the site.

We can help!

Contact an agent

Jen Fay

For Sale

Contact for pricing

2,700 SF C1-2 zoned property in prime Lakeview location.

Type:Land, Retail

Property size:

2,700 SF

Price / SF:

$157/SF

Added:: Mar 2, 2026
Days on Market:: 124
Last Refresh:: Mar 17 at 1:17 pm

Property Features for 3642 N Ashland Ave

General Information

Standard status: Active
Size: 2,700 SF
Property subtype: Land, Retail

We can help!

Contact an agent

Jen Fay

Listing office RE/MAX Premier

Listing date Mar 2, 2026

Source Crexi

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 RE/MAX Premier

HighLights

Prime location in Lakeview on highly trafficked Ashland Avenue.
C1‑2 zoning offers flexibility for investors, developers, or owner‑users.
Approximately 2,700 square foot property.
Existing month‑to‑month tenant provides immediate income or option to vacate.
Blocks from the Addison Station.
Potential to build up or redevelop the site.

Overview

This approximately 2,700 square foot property is located in the Lakeview neighborhood. Zoned C1-2, it offers flexibility for investors, developers, or owner-users. The existing one-story brick storefront is currently leased to an established business on a month-to-month basis. The building is being sold real estate only. The tenant can remain for steady income or vacate. The property is located blocks from the Addison Station and along highly trafficked Ashland Avenue, offering visibility, accessibility, and long-term upside.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.3k	$21.60
− Vacancy	−$5.0k	−$1.84
EGI	$53.4k	$19.76
− OpEx	−$16.0k	−$5.93
NOI	$37.4k	$13.83

2,700 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$533.6K

$466.9K – $622.6K (±1% cap)

NOI $37,354 @ 7.0% cap · market cap 8.79%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.27M

$1.11M – $1.49M (±1% cap)

NOI $89,113 @ 7.0% cap · market cap 20.97%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Bitcoin ATM by ... Kiosk Fine Food & Liquor (Bike/Boat/Book/etc) Store UPS Access Point ... Courier Service Bitcoin Depot ATM Atm

Suggested Use

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Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6692759
Latitude: 41.9482928

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For sale
Storefront properties
IL
Chicago
60613
3642 N Ashland Ave

What type of property is this?

Storefront property - 2,700 SF C1-2 zoned property in prime Lakeview location.

Where is this storefront property located?

The property is located at 3642 N Ashland Ave Chicago, IL.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Prime location in Lakeview on highly trafficked Ashland Avenue.; C1‑2 zoning offers flexibility for investors, developers, or owner‑users.; Approximately 2,700 square foot property.

3642 N Ashland Ave, Chicago, IL 60613

2,700 SF C1-2 zoned property in prime Lakeview location.

Property Features for 3642 N Ashland Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Convenience Store Retail Building with Parking

Prime Development Opportunity on 79th

Chicago Commercial Buildings For Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

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