Corner Retail
For Lease
$25 SF/Yr
5633-53 N Ashland Avenue #5647, Chicago, IL 60660
First-floor space within a four-story mixed-use building undergoing complete renovation, with access to public transportation.
Space Size780 SF - 2,120 SF
Property Size95,702 SF
Days on Market409
Property Features for 5633-53 N Ashland Avenue #5647
General Information
Standard status
Active
Size
780 SF - 2,120 SF
Net Rentable
780 SF
Space & Availability
Available Space
780-2,120 SF
Contiguous Space
2,120 SF
Floor
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$230,999
Building Details
Year Built
1939
Stories
4
Building Size
95,702 SF
Tenancy
Multi
Listing Agency:
Millennium Properties RE, Inc.
(312) 338-3000
Listed By:
Susan Silver · License #475136992
(312) 338-3000
Source:
Cavanaghrealty
Added: Jul 8, 2025
Changed: Aug 16
Last Checked: Aug 19 at 1:58PM
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 Millennium Properties RE, Inc.
Investment Insights
Based on property information with market context.
Unit 5647 is an 860-square-foot, first-floor retail space at the corner of Ashland and Olive Avenues. It is part of a four-story mixed-use building originally constructed in 1939 and currently undergoing a complete renovation. The corner unit was formerly used as a restaurant, and Units 5647 and 5649 may be combined. Unit 5649 provides an additional 780 square feet.
The property is in Chicago’s Andersonville neighborhood, approximately six miles north of downtown. Public transportation access includes the nearby Bryn Mawr “L” stop, with expressway access and the lakefront also identified in the surrounding context. Nearby businesses include Jewel-Osco, Mariano’s, Walgreens, Fireside, The Edge Theater, Parson’s Chicken and Fish, La Baguette Bakery, The Coffee Studio, m. henry, and Little Bad Wolf.
The property is in Chicago’s Andersonville neighborhood, approximately six miles north of downtown. Public transportation access includes the nearby Bryn Mawr “L” stop, with expressway access and the lakefront also identified in the surrounding context. Nearby businesses include Jewel-Osco, Mariano’s, Walgreens, Fireside, The Edge Theater, Parson’s Chicken and Fish, La Baguette Bakery, The Coffee Studio, m. henry, and Little Bad Wolf.
Key Highlights
- 860 SF corner retail unit at Ashland and Olive Avenues
- First‑floor space in a 95,702 SF mixed‑use property
- Four‑story building undergoing a complete renovation
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
O'Reilly Auto Parts
Shops & Services
4,429 visits/mo
0.4 miles
Demographics for 60660, IL
42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$26.85 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
3,535 SF
Avg Space Size
This space is priced 7% below the average of $26.85 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gatita's Flowers — 1833 W 51st St, Chicago, IL 60609
Frequently Asked Questions
What type of property is this?
Storefront property - First-floor space within a four-story mixed-use building undergoing complete renovation, with access to public transportation.
Where is this storefront property located?
The property is located at 5633-53 N Ashland Avenue #5647 Chicago, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 860 SF corner retail unit at Ashland and Olive Avenues; First‑floor space in a 95,702 SF mixed‑use property; Four‑story building undergoing a complete renovation
