Retail Space For
For Sale
Contact for pricing
12854 S Ashland Ave, Calumet Park, IL 60827
Retail space available with a 7.55% CAP rate.
Property Size14,490 SF
Price / SF$291.58
Days on Market865
Property Features for 12854 S Ashland Ave
General Information
Standard status
Active
Size
14,490 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$318,780
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Stream Capital Partners
Listed By:
Connor Shell · License #CA 01993313
(312) 899-6664
Source:
Crexi
Added: May 24, 2024
Changed: Sep 20
Last Checked: Oct 4 at 10:32AM
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 Stream Capital Partners
Investment Insights
Based on property information with market context.
This retail space, encompassing 14,490 square feet, is available for sale. The property features a 7.55% CAP rate.
Key Highlights
- 7.55% CAP Rate makes this an attractive investment.
- Retail Property offering diverse tenant possibilities.
- 14,490 SqFt of versatile space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,466
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,009,320
$4.0M
Cap Rate 7%
$2,863,800
$2.9M
Cap Rate 9%
$2,227,400
$2.2M
Market Conditions
NOI Build-Up for 14,490 SF
Gross rent
$313.0K $21.60/SF
− Vacancy
−$26.6K −$1.84/SF
EGI
$286.4K $19.76/SF
− OpEx
−$85.9K −$5.93/SF
NOI
$200.5K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,009,320
Cap Rate 7%
$2,863,800
Cap Rate 9%
$2,227,400
Alternative Uses
Best Use
Retail
$2.86M
$2.51M – $3.34M
NOI $200,466 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.83M
$5.98M – $7.97M
NOI $478,240 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
176k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 40%
Groceries 10%
Electronics 2%
McDonald's
Dining
40,770 visits/mo
0.2 miles
Aldi
Groceries
18,036 visits/mo
0.2 miles
Wendy's
Dining
15,806 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,374 visits/mo
0.2 miles
Burger King
Dining
10,505 visits/mo
0.3 miles
Demographics for 60827, IL
24,936
Population
11,481
Households
2.2
Avg Household Size
34
Median Age
15%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
3,562
Density / Sq Mi
$37,648
Median Household Income
$31,611
Median Earnings
$1,044
Median Rent
$123,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available with a 7.55% CAP rate.
Where is this retail space located?
The property is located at 12854 S Ashland Ave Calumet Park, IL.
What is the asking price?
The asking price for this property is $4,225,000.
What are key features of this property?
This property features: 7.55% CAP Rate makes this an attractive investment.; Retail Property offering diverse tenant possibilities.; 14,490 SqFt of versatile space.
