Flexible Flex Space with Loading
For Sale
$872,000
7650 S Ashland Ave, Chicago, IL 60620
Open commercial space with rear loading access, on-site parking, and a layout adaptable to multiple business operations.
Property Size6,624 SF
Price / SF$131.64
Days on Market47
Property Features for 7650 S Ashland Ave
General Information
Standard status
Active
Size
6,624 SF
Site & Location
Neighborhood
Rogers Park
Building Details
Year Built
2013
Listing Agency:
Baird & Warner
Listed By:
Shaquelia Smith
(312) 265-8000
Source:
Bktchicago
Added: Sep 21
Changed: Oct 26
Last Checked: Oct 7 at 1:09PM
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 Baird & Warner
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Investment Insights
Based on property information with market context.
This flex space at 7650 S Ashland Ave in Chicago was built in 2013 and offers an open commercial layout suited to a range of business operations. The property includes a rear loading dock and on-site parking, supporting distribution, warehousing, light manufacturing, retail, and other commercial applications.
The building sits on an 18,556-square-foot lot, providing a substantial site for an owner-user or commercial operator. Its open configuration allows businesses to adapt the interior to their operational requirements while retaining practical loading and parking infrastructure.
The building sits on an 18,556-square-foot lot, providing a substantial site for an owner-user or commercial operator. Its open configuration allows businesses to adapt the interior to their operational requirements while retaining practical loading and parking infrastructure.
Key Highlights
- Open flex‑space layout for adaptable commercial use
- Rear loading dock supports distribution, warehousing, and manufacturing operations
- 18,556‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,467
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,340
$1.5M
Cap Rate 7%
$1,092,386
$1.1M
Cap Rate 9%
$849,633
$849.6K
Market Conditions
NOI Build-Up for 6,624 SF
Gross rent
$127.2K $19.20/SF
− Vacancy
−$9.5K −$1.44/SF
EGI
$117.6K $17.76/SF
− OpEx
−$41.2K −$6.22/SF
NOI
$76.5K $11.54/SF
Area
Chicago, IL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,340
Cap Rate 7%
$1,092,386
Cap Rate 9%
$849,633
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,642 @ 7.0% cap · market cap 10.51%
Second Best
Flex RnD
$1.09M
$955.8K – $1.27M
NOI $76,467 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,624 @ 7.0% cap · market cap 25.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,589
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Chicago, IL
Similar Off Market Nearby
- Twilight Kitchen — 7135 N Clark St, Chicago, IL 60626
- Green Spoon Kitchen — 619 Howard St, Evanston, IL 60202
- Sweet & Bubbly — 144 Clyde Ave, Evanston, IL 60202
Frequently Asked Questions
What type of property is this?
Flex space - Open commercial space with rear loading access, on-site parking, and a layout adaptable to multiple business operations.
Where is this flex space located?
The property is located at 7650 S Ashland Ave Chicago, IL.
What is the asking price?
The asking price for this property is $872,000.
What are key features of this property?
This property features: Open flex‑space layout for adaptable commercial use; Rear loading dock supports distribution, warehousing, and manufacturing operations; 18,556‑square‑foot lot
