1524 Ashland Ave, Chicago, IL 60622
This exceptional Wicker Park property offers a unique 1,207 square foot retail space with four parking spaces and an additional 1,207 square feet of basement storage. Located on North Ashland Avenue, this single-tenant building boasts prime curb exposure and benefits from high foot traffic in a vibrant neighborhood with 20,000 vehicles passing daily. The building, renovated in 2001, features brand new electrical wiring, furnace, HVAC system, and copper plumbing. The retail space is turnkey ready, offering a white box condition with a built-out ADA-compliant bathroom. The B3-2 zoning allows for diverse uses, including retail, restaurant, office, or medical. The property's convenient location provides easy access to I-90/94, public transportation, and the 606 trail. The potential for future residential space above the retail area adds significant long-term value. The owner is offering rent credits to offset tenant improvement costs. Immediate occupancy is available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.