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    OFF-MARKET
    Retail properties & Spaces

    1023 Ashland Ave, Chicago, IL 60622

    26,000 SF Built 2018
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2,200 square foot retail space is situated on Ashland Avenue in Chicago's vibrant West Town neighborhood, within a luxurious 4-story, 26,000 square foot building constructed in 2018. Boasting over 50 feet of frontage, this single-tenant space offers excellent visibility and accessibility. Ideal for fitness or other retail uses, the space includes two locker rooms, each with two showers and private bathroom stalls. High ceilings (approximately 13 feet) and a robust 200A electrical service provide ample operational capacity. The B1-3 zoning ensures flexibility for a variety of businesses. Located in Cook County, Illinois, near the intersection of Ashland Avenue and Augusta, this property benefits from its proximity to Wicker Park, East Village, Noble Square, and Ukrainian Village. West Town's strong housing stock, tree-lined streets, and convenient location near downtown Chicago contribute to its desirability and consistent growth. This is a rare opportunity to establish a business in a thriving, established community. The property address is 1023 N Ashland Ave, Chicago, IL 60622.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2018
    Total area 26,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Club 312 Gym & Fitness Center
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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