4751-4765 South Ashland Avenue Chicago, IL 60609

Listing agency Marcus & Millichap - Chicago Downtown b***@marcusmillichap.com Show Phone

Listed by Brian Parmacek · License #IL 475.132220

Source Crexi

Added: Apr 10 Updated: Jul 21 at 1:42AM Checked: Jul 21 at 9:52AM

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Investment Insights

Based on property information with market context.

This retail strip center includes five total units, four of which are described as 1,230 square feet, plus a larger 4,840-square-foot unit. The larger unit can be divided into four separate units, which may support flexibility as leases roll. The property also includes a roof replacement completed in 2016.

The center is located at 4751–4765 South Ashland Avenue in Chicago, Illinois, and is positioned among a mix of national retailers, including Walmart, Family Dollar, Aldi, McDonald’s, Foot Locker, and Walgreens.

For investors or owner-users evaluating leasing and occupancy, the current offering is noted as 87% occupied with established retail/service tenants, with remaining space available for lease-up.

Key Highlights

• Chicago strip center at 4751‑4765 S Ashland Ave with 5 retail units totaling 87% occupancy
• Four units are 1,230 SF plus one larger 4,840 SF unit
• 4,840 SF unit can be divided into four separate units as leases roll

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FAQs

What type of property is this?

Strip mall - Strip center with five retail units, including one larger space that may be subdivided into four units.

Where is this strip mall located?

The property is located at 4751-4765 South Ashland Avenue Chicago, IL.

What are key features of this property?

This property features: Chicago strip center at 4751‑4765 S Ashland Ave with 5 retail units totaling 87% occupancy; Four units are 1,230 SF plus one larger 4,840 SF unit; 4,840 SF unit can be divided into four separate units as leases roll