First-Floor Retail
New
For Sale
$229,000
953 N Ashland Avenue, Chicago, IL 60622
Commercial Sale, Chicago, IL
Property Size1,200 SF
Price / SF$190.83
Days on Market2
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Property Features for 953 N Ashland Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
Chicago Ave. North on Ashland Ave. to address. Division Ave./North Ave. South on Ashland Ave. to address
Subdivision
CHI - West Town
Standard status
Active
APN
17053140540000
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5789
Utilities
Cooling system
Central Air
Building Details
Year built
2001
Floors in Building
1
Number of units
1
Building materials
Brick
Listing Agency:
Century 21 Circle · Coldwell Banker Real Estate
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: Oct 14
Last Checked: Oct 15 at 2:06PM
MLS# 12779769
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.
Investment Insights
Based on property information with market context.
This first-floor retail condominium in a brick building offers approximately 1,200 square feet of commercial space. The unit includes one parking space and central air. The building was constructed in 2001, and the property is located on Ashland Avenue in Chicago.
CTA Blue Line stations, Metra’s Clybourn Station, and several major north-side roadways are identified as nearby transportation options. Chicago Avenue, Milwaukee Avenue, Division Street, and North Avenue are also cited as nearby routes. Surrounding uses include residential areas, restaurants, retail, services, and other businesses.
CTA Blue Line stations, Metra’s Clybourn Station, and several major north-side roadways are identified as nearby transportation options. Chicago Avenue, Milwaukee Avenue, Division Street, and North Avenue are also cited as nearby routes. Surrounding uses include residential areas, restaurants, retail, services, and other businesses.
Key Highlights
- Approximately 1,200 sq. ft. of first‑floor retail condominium space
- One parking space included
- Brick construction; building completed in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,602
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,040
$332.0K
Cap Rate 7%
$237,171
$237.2K
Cap Rate 9%
$184,467
$184.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$2.2K −$1.84/SF
EGI
$23.7K $19.76/SF
− OpEx
−$7.1K −$5.93/SF
NOI
$16.6K $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%
$332,040
Cap Rate 7%
$237,171
Cap Rate 9%
$184,467
Alternative Uses
Best Use
Retail
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,963
Businesses Nearby
207k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Groceries 32%
Shops & Services 18%
Home Improvements & Furnishings 15%
Jewel-Osco
Groceries
65,395 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
31,134 visits/mo
0.5 miles
Wendy's
Dining
29,664 visits/mo
0.3 miles
BP
Shops & Services
13,250 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
11,777 visits/mo
0.2 miles
Demographics for 60622, IL
55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Central air and an included parking space serve the unit’s commercial configuration.
Where is this retail space located?
The property is located at 953 N Ashland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Approximately 1,200 sq. ft. of first‑floor retail condominium space; One parking space included; Brick construction; building completed in 2001
