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Retail/Office Storefront Property
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7927 S Ashland Ave., Chicago, IL 60620

Flexible retail and office layout with large storefront windows, positioned for visibility along a major Chicago corridor.

Property Size7,245 SF
Lot Size0.50 Acres
Days on Market65

Property Features for 7927 S Ashland Ave.

General Information

Standard status Active
Size 7,245 SF
Total Parking Spaces 35
Lot size 0.50 Acres
Property subtype Retail
Zoning C1
Lease Type NNN
Investment Type Net Lease

Additional Details

Highway Access Yes

Building Details

Tenancy Single
Listing Agency: Millennium Properties R/E
Listed By: Sean Wagner · License #IL
Source: Crexi
Added: Jun 17 Changed: Aug 8 Last Checked: Aug 20 at 12:15AM

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 R/E

Investment Insights

Based on property information with market context.

This flexible retail/office property totals 7,245 square feet and features an open floor layout designed to support a range of showroom, service, or back-office needs. Large storefront windows provide street-facing presence, and the building is set on a half-acre lot. The space configuration is well-suited for an owner-user or investor seeking a single asset that can adapt between retail and office functions.

The property is located on the south side of Chicago on the south side of the city along a major north–south corridor, with frontage and visibility along Ashland Avenue. It is near 79th Street and offers convenient access to I-94. Public transportation options are readily available, including multiple CTA bus routes at the corner, the Green Line nearby, and the Metra Rock Island Brainerd Station within walking distance.

Area amenities include Walgreen’s, Walmart, Fifth Third Bank, and a variety of restaurants and retail shops, supporting a steady mix of day-to-day activity. With its combination of prominent storefront glazing, flexible interior space, and strong access to both vehicle and transit routes, the property is a practical fit for tenants looking for a retail-forward location with the option to operate office uses as well.

Key Highlights

  • 7,245 SF flexible retail/office property with open floor space and large storefront windows
  • Located on a 0.5‑acre lot on the south side of Chicago with visibility along Ashland Avenue
  • Close to 79th Street with strong foot and vehicle traffic and convenient access to I‑94

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Building Supply Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

977
Businesses Nearby

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

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible retail and office layout with large storefront windows, positioned for visibility along a major Chicago corridor.
Where is this retail space located?
The property is located at 7927 S Ashland Ave. Chicago, IL.
What are key features of this property?
This property features: 7,245 SF flexible retail/office property with open floor space and large storefront windows; Located on a 0.5‑acre lot on the south side of Chicago with visibility along Ashland Avenue; Close to 79th Street with strong foot and vehicle traffic and convenient access to I‑94
More about this property
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