Restaurant and Storefront
For Sale
Under Contract
$199,900
8416 S Ashland Avenue, Chicago, IL 60620
COMMERCIAL - Chicago, IL
Property Size2,134 SF
Lot Size0.06 Acres
Price / SF$93.67
Days on Market599
Property Features for 8416 S Ashland Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
From S Beverly Blvd / S Ashland Ave go North, Make a U-turn at W 84th St Turn right, Destination will be on the left. Parking is in the alley behind building
Subdivision
CHI - Auburn Gresham
Standard status
Active Under Contract
APN
20314140290000
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
12112
Utilities
Cooling system
Central Air
Building Details
Year built
1949
Floors in Building
1
Building materials
Brick
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Amy Izzo · License #475172618
(888) 574-9405
Added: Dec 15, 2024
Changed: Aug 4
Last Checked: Aug 6 at 7:06AM
MLS# 12211050
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale property is a 2,134-square-foot building designed to support restaurant and storefront concepts. The site is set on a 0.062-acre lot and is located under COMMR zoning, offering a flexible platform for an operator looking to establish a new business or expand an existing operation.
The property is located at 8416 S Ashland Avenue in Chicago, IL 60620, and fronts a busy street. It is positioned for visibility from passing traffic, which can be an important consideration for retail and foodservice users that rely on walk-by and drive-up exposure.
For tenants, buyers, or investors, this building’s combination of restaurant-oriented positioning and storefront functionality can support a range of foodservice and commercial uses that fit within the COMMR zoning framework. As a standalone asset, it may also appeal to operators seeking a dedicated location rather than a shared space. For sale and sized to accommodate a modest, single-building footprint, it is worth considering for those evaluating Chicago storefront and conventional restaurant opportunities.
The property is located at 8416 S Ashland Avenue in Chicago, IL 60620, and fronts a busy street. It is positioned for visibility from passing traffic, which can be an important consideration for retail and foodservice users that rely on walk-by and drive-up exposure.
For tenants, buyers, or investors, this building’s combination of restaurant-oriented positioning and storefront functionality can support a range of foodservice and commercial uses that fit within the COMMR zoning framework. As a standalone asset, it may also appeal to operators seeking a dedicated location rather than a shared space. For sale and sized to accommodate a modest, single-building footprint, it is worth considering for those evaluating Chicago storefront and conventional restaurant opportunities.
Key Highlights
- Brick building with 2,134 sq. ft. of versatile space for a new business or business expansion
- Central air cooling
- Year built: 1949
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 46%
Electronics 5%
Wendy's
Dining
19,693 visits/mo
0.1 miles
McDonald's
Dining
17,968 visits/mo
0.1 miles
Shell
Shops & Services
7,425 visits/mo
0.4 miles
Citgo
Shops & Services
6,991 visits/mo
0.2 miles
Marathon
Shops & Services
6,175 visits/mo
0.4 miles
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 Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - For-sale building sized for restaurant or storefront use, positioned on a busy street.
Where is this conventional restaurant located?
The property is located at 8416 S Ashland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Brick building with 2,134 sq. ft. of versatile space for a new business or business expansion; Central air cooling; Year built: 1949
