Retail Storefront
7528 S Ashland Ave Chicago, IL 60620
For Sale
Contact for pricing
For sale retail storefront building with a reported 8% cap rate and 10,000 square feet of space.
Property Size10,000 SF
Price / SF$187.50
Days on Market135
Property Features for 7528 S Ashland Ave
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2016
Listing Agency:
Elevate Net Lease
Listed By:
Rita Michil · License #6505433330
Source:
Crexi
Added: Mar 11
Changed: Jul 23
Last Checked: Jul 23 at 5:14PM
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 Elevate Net Lease
Investment Insights
Based on property information with market context.
This retail storefront building is being offered for sale with a reported 8% cap rate. The property includes approximately 10,000 square feet of retail space.
The asset is located at 7528 S Ashland Ave in Chicago, IL 60620. It is presented as a commercial retail offering for prospective buyers and brokers evaluating income-focused opportunities.
With its defined retail configuration and capacity of roughly 10,000 square feet, the property is positioned for use as an income-producing storefront within its existing retail framework.
The asset is located at 7528 S Ashland Ave in Chicago, IL 60620. It is presented as a commercial retail offering for prospective buyers and brokers evaluating income-focused opportunities.
With its defined retail configuration and capacity of roughly 10,000 square feet, the property is positioned for use as an income-producing storefront within its existing retail framework.
Key Highlights
- Retail storefront building built in 2016
- Reported 8.00% cap rate
- Approximately 10,000 sq ft
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $21.60 |
| − Vacancy | −$18.4k | −$1.84 |
| EGI | $197.6k | $19.76 |
| − OpEx | −$59.3k | −$5.93 |
| NOI | $138.3k | $13.83 |
10,000 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.98M
$1.73M – $2.31M
NOI $138,348 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.71M
$4.13M – $5.50M
NOI $330,048 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Rogers Park Florist — 1415 W Morse Ave, Chicago, IL 60626
- Flowers Gallery — N Clark St, Chicago, IL 60626
- Floral Paradise — 6972 N Clark St, Chicago, IL 60626
FAQs
What type of property is this?
Storefront property - For sale retail storefront building with a reported 8% cap rate and 10,000 square feet of space.
Where is this storefront property located?
The property is located at 7528 S Ashland Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Retail storefront building built in 2016; Reported 8.00% cap rate; Approximately 10,000 sq ft
