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Street-Level Mixed-Use Retail Property
For Lease
$15 SF/Yr

3918 N Ashland Avenue, Chicago, IL 60613

Flexible ground-floor space in a commercial corridor with access to CTA transit, dining, shopping, and neighborhood retail.

Space Size1,900 SF
Days on Market93

Property Features for 3918 N Ashland Avenue

General Information

Standard status Active
Size 1,900 SF
Net Rentable 1,900 SF
Zoning COMMR

Space & Availability

Available Space 1,900 SF
Contiguous Space 1,900 SF
Floor Street Level

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Taxes and HOA fees

Annual Taxes $25,528

Building Details

Year Built 1931
Stories 1
Units 1
Listing Agency: Century 21 Circle
Listed By: Mark Ahmad · License #471007186
Source: Cavanaghrealty
Added: May 12 Changed: Aug 11 Last Checked: Aug 11 at 7:51AM

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 Century 21 Circle

Investment Insights

Based on property information with market context.

This mixed-use property offers a street-level commercial layout suitable for retail, office, or service-oriented occupancy. The space is approximately 1,900 square feet according to the property remarks, while the recorded property size is 1,800 square feet; these figures are not reconciled. The building dates to 1931 and carries COMMR zoning.

Located at 3918 N Ashland Avenue in Chicago, the property sits within an established commercial and residential district. The Ashland Avenue frontage provides exposure to vehicle and pedestrian activity, with CTA transit lines, walkable retail corridors, dining, shopping, and the Southport Corridor nearby. Lake Shore Dr., major roads, interstate access, and Downtown Chicago are also within the stated access network.

The layout is positioned for a range of documented concepts, including boutique retail, service businesses, gallery use, and an office showroom.

Key Highlights

  • Street‑level mixed‑use commercial layout
  • COMMR zoning designation
  • 1931 construction year

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Food Market Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Butcher Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,761
Businesses Nearby

Demographics for 60613, IL

53,048
Population
31,263
Households
1.7
Avg Household Size
34
Median Age
75%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
23,064
Density / Sq Mi
$91,351
Median Household Income
$68,713
Median Earnings
$1,616
Median Rent
$397,800
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$23.58 /SF/Yr
Avg Asking Price
$10–$35 /SF/Yr
Price Range
73,527 SF
Avg Space Size

This space is priced 36% below the average of $23.58 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Flexible ground-floor space in a commercial corridor with access to CTA transit, dining, shopping, and neighborhood retail.
Where is this mixed-use property located?
The property is located at 3918 N Ashland Avenue Chicago, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Street‑level mixed‑use commercial layout; COMMR zoning designation; 1931 construction year
More about this property
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