Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5257 Ashland Ave Chicago, IL 60609

    For Sale
    $4,171,466

    Chicago Office Building: High NOI, Strong Tenant

    Property size:
    12,901 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 12,901 square foot executive office building, located at 5257 S Ashland Ave in Chicago's New City community, presents a compelling investment opportunity. Built in 2004 and extensively renovated in 2023, the property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $271,144 and a 6.50% cap rate. The anchor tenant is the General Services Administration (GSA), occupying 8,776 square feet under a ten-year lease (five years firm) commencing May 15, 2023. This GSA lease represents a Social Security Office, relocated from a nearby location, with a significant build-out investment exceeding one million dollars. The remaining 4,214 square feet is leased to three retail tenants: a convenience store, a nail salon, and a phone store, all operating at market rent. The building features a new roof, new HVAC systems, and a completely modernized interior. Situated on a 0.689-acre lot with 40 parking spaces and two curb cuts (one on Ashland and one on 53rd Street), the property benefits from a traffic light intersection and a densely populated area. The C1-2 Commercial zoning allows for a variety of uses. This prime location is at the northeast corner of 53rd and Ashland, within a major shopping and business district along Ashland Avenue and 47th Street. The property's strong tenant mix, high occupancy, and recent renovations make it an attractive investment with significant long-term potential.

    Property Features for 5257 Ashland Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    12,901 SF
    Lot Size
    30,013 SF

    Building Details

    Year Built/Renovated
    2004/2023
    Stories
    1

    HighLights

    • 12,901 SF executive office building with a new 10‑year GSA lease (Social Security Administration).
    • Building sits on a 0.689‑acre lot with 40 parking spaces.
    • Two curb cuts providing access from Ashland and 53rd Street, situated at a traffic light intersection.
    • Located in a densely populated area.
    • 100% occupancy with a strong tenant mix including retail tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sassy Nails Nail Salon La Bonita Supermarket Grocery Store

    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
    -87.6643736
    Latitude
    41.7982995

    Nearby Similar for Sale

    • $2,350,000

      Renovated Multifamily Building in Rogers Park

      Completely renovated 4-unit building near Loyola University and the Red Line.
      1535 W Estes Ave, Chicago, IL 60626
      View Details
    • $4,240,000

      Bronzeville Collection: Turnkey Investment Opportunity

      Classic Chicago 23-unit building with 20 parking spaces.
      4840 S Indiana Ave, Chicago, IL 60615
      View Details
    • $8,360,000

      Bronzeville Multifamily Investment Opportunity

      Completely renovated 31-unit apartment building near Green Line.
      4358 S Prairie Ave, Chicago, IL 60653
      View Details
    • $699,900
      0.07 Acres

      Residential Income Greystone in Chicago

      Brick building with oversized units in a desirable Chicago location.
      4615 S Vincennes Ave, Chicago, IL 60653
      View Details
    • New
      $699,999
      0.07 Acres

      Turnkey Two-Flat Investment Property

      Modernized two-flat in Chicago, ideal for investors or owner-occupants.
      321 S Richmond St, Chicago, IL 60612
      View Details
    • $1,399,000
      10,500 SF

      Renovated Flex Building in Chicago

      Modernized 10,500 SF flex building in a vibrant Chicago neighborhood.
      526 N Western Ave, Chicago, IL 60612
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Chicago Office Building: High NOI, Strong Tenant
    Where is this office property / space located?
    The property is located at 5257 Ashland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,171,466.
    What are key features of this property?
    This property features: 12,901 SF executive office building with a new 10-year GSA lease (Social Security Administration).; Building sits on a 0.689-acre lot with 40 parking spaces.; Two curb cuts providing access from Ashland and 53rd Street, situated at a traffic light intersection.
    Request Owner's contact information
    5257 Ashland Ave Chicago, IL 60609
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5257 Ashland Ave
    Chicago, IL 60609
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5257 Ashland Ave Chicago, IL 60609
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.