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    5633 Ashland Ave Chicago, IL 60660

    For Lease
    $300 /Mo ($1.80 SF/Yr)

    Prime 2,000 SF corner retail unit.

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,000-square-foot retail space, located at 5633 N Ashland Ave in Chicago's vibrant Andersonville neighborhood (zip code 60660), presents a unique opportunity for a variety of businesses. Situated on a corner lot at the intersection of Ashland Avenue and Hollywood Boulevard, this single-tenant unit is part of a four-story mixed-use building currently undergoing a complete renovation. Built in 1939, the property is zoned B3-2, making it suitable for retail, office, or restaurant uses, including stores, creative spaces, and salons. The space offers excellent visibility and accessibility, benefiting from its location within a thriving commercial district filled with restaurants, cafes, and boutiques. Andersonville's pedestrian-friendly streets, historic architecture, and diverse community create a unique atmosphere that attracts both residents and visitors. The property enjoys convenient access to public transportation, including the Bryn Mawr "L" stop, and is also within easy reach of the lakefront. This location provides exceptional exposure and a strong foundation for a successful business venture. The 2,000 square feet offer ample space for a variety of retail concepts.

    Property Features for 5633 Ashland Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF
    Total Rate
    300

    Building Details

    Year Built
    1939

    Unit(s) available at that property

    Space
    Size
    2,000 SF
    Rate per SF
    $300

    HighLights

    • Two 2,000 SF & 900 SF retail spaces available, previously a restaurant and boutique.
    • First‑floor retail space in a 95,702 SF mixed‑use building undergoing full renovation.
    • Corner lot in prime Andersonville location.
    • Excellent public transportation and expressway access.
    • High‑traffic area with nearby national and local retailers including Jewel‑Osco, Mariano's, and numerous restaurants.
    • High daily traffic count of 16,591 vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bettie Lou’s Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.66980977663
    Latitude
    41.984567675856

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    FAQs

    What type of property is this?
    Restaurant - Prime 2,000 SF corner retail unit.
    Where is this restaurant located?
    The property is located at 5633 Ashland Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $300 /Mo.
    What are key features of this property?
    This property features: Two 2,000 SF & 900 SF retail spaces available, previously a restaurant and boutique.; First-floor retail space in a 95,702 SF mixed-use building undergoing full renovation.; Corner lot in prime Andersonville location.
    Request Owner's contact information
    5633 Ashland Ave Chicago, IL 60660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5633 Ashland Ave Chicago, IL 60660
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