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    150 Ashland Ave Chicago, IL 60607

    Sponsored
    For Lease
    $29 SF/Yr

    Prime Chicago retail, new construction, high-traffic location.

    Lot size:
    207,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 207,000 square foot, single-tenant retail space presents a unique investment opportunity in Chicago's vibrant Fulton Market district. Located at 150 N Ashland Ave (cross streets Ashland/Lake), this new construction (2024) storefront boasts a highly desirable corner location at the base of a 210-unit luxury apartment building, ensuring a built-in customer base and high foot traffic. The property features a single-story design within a twelve-story building, offering excellent visibility and accessibility. Its PD1500 zoning allows for a wide range of retail uses. This is an unparalleled chance to establish a flagship location in one of Chicago's most sought-after neighborhoods. The building's modern design and prime location combine to create an exceptional retail environment. The address, 150 N Ashland Ave, Chicago, IL 60607, places the property within easy reach of a dense population and significant commercial activity. This is a rare opportunity to secure a prominent retail space in a rapidly growing area with strong potential for long-term success. The single-tenant occupancy simplifies management and allows for customized tenant improvements. Don't miss this chance to own a piece of Chicago's thriving Fulton Market.

    Property Features for 150 Ashland Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    207,000 SF
    Total Rate
    500250

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    12

    Unit(s) available at that property

    Space
    Size
    2,389 SF
    Rate per SF
    $29

    HighLights

    • 2,300 SF new construction corner retail space in Fulton Market's Union Park area.
    • ~100' of frontage on West Lake Street and North Ashland Avenue, over 30,000 VPD.
    • Over 210 residential units above provide a built‑in customer base.
    • Excellent transit access via Lake CTA Station (Green & Pink Lines), near United Center and IMD.
    • High‑density residential development surrounds the property.
    • Proximity to major corporate headquarters including Google, McDonald's, and others in Fulton Market.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Thompson at Fulton Market Apartment Complex

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.667002451594
    Latitude
    41.885015247863

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    FAQs

    What type of property is this?
    Individual retail property - Prime Chicago retail, new construction, high-traffic location.
    Where is this individual retail property located?
    The property is located at 150 Ashland Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 2,300 SF new construction corner retail space in Fulton Market's Union Park area.; ~100' of frontage on West Lake Street and North Ashland Avenue, over 30,000 VPD.; Over 210 residential units above provide a built-in customer base.
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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
    150 Ashland Ave Chicago, IL 60607
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