First-Floor Storefront
New
For Sale
$229,000
953 N Ashland Avenue Unit 1, Chicago, IL 60622
The commercial unit sits among residences, restaurants, shops, and services in Chicago’s West Town/Ukrainian Village area.
Property Size1,200 SF
Price / SF$190.83
Days on Market4
Property Features for 953 N Ashland Avenue Unit 1
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
1
Property subtype
COMMERCIAL
Additional Details
Floor
1
Taxes and HOA fees
Annual Taxes
$5,789
Building Details
Building Size
1,200 SF
Year Built
2001
Listing Agency:
Century 21 Circle
Listed By:
Mark Ahmad · License #471007186
(773) 983-1553
Source:
Harkinsandassociates
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:09PM
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 Century 21 Circle
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor commercial condominium contains 1,200 square feet and includes one parking space. Built in 2001, the unit fronts Ashland Avenue and offers a street-level setting for commercial occupancy.
The property is in Chicago’s West Town/Ukrainian Village area, amid residential blocks, restaurants, retail businesses, and service providers. Nearby transit options include CTA Blue Line stations and Metra’s Clybourn Station. Chicago Avenue, Milwaukee Avenue, Division Street, and North Avenue are also identified as nearby routes, providing connections across the city.
The property is in Chicago’s West Town/Ukrainian Village area, amid residential blocks, restaurants, retail businesses, and service providers. Nearby transit options include CTA Blue Line stations and Metra’s Clybourn Station. Chicago Avenue, Milwaukee Avenue, Division Street, and North Avenue are also identified as nearby routes, providing connections across the city.
Key Highlights
- First‑floor commercial condominium with 1,200 square feet
- One parking space included
- Built 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
Current Use
Location Intelligence
Trade Area within ½ mile
3,963
Businesses Nearby
207k
Monthly Visits Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- StemLine Creative — 2100 W Grand Ave #2, Chicago, IL 60612
- Fleur Tatious Designs Ltd — 2046 W Grand Ave, Chicago, IL 60612
- Chicagoblooms — 2017 w grand ave., chicago, il 60612
- Epoch Floral — 430 N Wolcott Ave, Chicago, IL 60622
- Flowers For Dreams — 1812 W Hubbard St, Chicago, IL 60622
Frequently Asked Questions
What type of property is this?
Storefront property - The commercial unit sits among residences, restaurants, shops, and services in Chicago’s West Town/Ukrainian Village area.
Where is this storefront property located?
The property is located at 953 N Ashland Avenue Unit 1 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: First‑floor commercial condominium with 1,200 square feet; One parking space included; Built in 2001
