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Brick Restaurant Building

8416 S Ashland Avenue, Chicago, IL 60620

For Sale
$199,900
Under Contract

Commercial Sale, Chicago, IL

Property Size2,134 SF
Lot Size0.06 Acres
Price / SF$93.67
Days on Market692

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
Listed By: Amy Izzo · License #475172618
Added: Dec 15, 2024 Changed: Oct 10 Last Checked: Nov 6 at 8:06PM
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.

Rey
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Investment Insights

Based on property information with market context.

This 2,134-square-foot restaurant property occupies a 0.062-acre site in Chicago. The building dates to 1949 and features brick construction with central air conditioning. Its conventional restaurant classification and COMMR zoning establish the property’s commercial use context.

The property is located at 8416 S Ashland Avenue in Chicago’s 60620 ZIP code, within Cook County. The source describes the street as busy, with high visibility and traffic. The building’s physical profile, commercial zoning, and restaurant classification provide a clear basis for evaluating the asset for continued restaurant use or related commercial purposes.

Key Highlights

  • 2,134‑square‑foot restaurant property
  • 0.062‑acre site
  • COMMR zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Gym & Fitness Center Pharmacy

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

Location Intelligence

Trade Area within ½ mile

870
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use

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
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Market

Average Price Trend$/SF for Conventional restaurants in Chicago, IL

$199 Jul
$200 Aug
$248 Sep
$216 Oct

Properties on Market for Conventional restaurants in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Commercially zoned property with central air along S Ashland Avenue.
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: 2,134‑square‑foot restaurant property; 0.062‑acre site; COMMR zoning
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