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    5633-53 N Ashland Ave, Unit 5649 Chicago, IL 60660

    For Lease
    $25 SF/Yr

    Retail spaces available in a renovated mixed-use building.

    Property Features for 5633-53 N Ashland Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1939

    Source: MILLENNIUM PROPERTIES RE, INC. Agent SUSAN SILVER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Andersonville Retail Space For Lease

    Three retail spaces are available for lease in a four-story, mixed-use building undergoing complete renovation. One unit, formerly a restaurant, offers 2,120 square feet. Unit 5647 provides 860 square feet, while Unit 5649 offers 780 square feet; Units 5647 and 5649 can be combined. Unit 5647 is located at the corner of Ashland and Olive Avenues. The property is located in the Andersonville neighborhood, approximately six miles north of downtown. The area features low-rise buildings, pedestrian-oriented streets, specialty restaurants, and historic architecture. The location provides easy access to public transportation, the Bryn Mawr "L" stop, and the lake front. Businesses nearby 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 located in the heart of Andersonville between Hollywood Boulevard and Olive Avenue. The first floor is part of a 95,702 square foot mixed-use property.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6641279
    Latitude
    41.7912098

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    FAQs

    What type of property is this?
    Retail space - Retail spaces available in a renovated mixed-use building.
    Where is this retail space located?
    The property is located at 5633-53 N Ashland Ave, Unit 5649 Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime Andersonville location with high foot traffic and proximity to public transportation (Bryn Mawr 'L' stop).; - 860 SF corner unit (Unit 5647) formerly a restaurant, suitable for various retail or restaurant concepts.; - Part of a completely renovated, four-story mixed-use building.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5633-53 N Ashland Ave, Unit 5649 Chicago, IL 60660
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