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Property profile & analytics
FOR SALE
Grocery and convenience stores

1220 S Ashland Ave Chicago, IL 60608

Entity Owned 2-yr Hold Free & Clear
Property ID
US28-5768338
Property summary
AI-generated overview

This exceptional multi-tenant retail center, located at the bustling intersection of W Roosevelt Rd & S Ashland Ave in Cook County, offers five available spaces ranging from 774 to 2,744 square feet. The property is strategically positioned as a grocery-anchored shopping center, ensuring high foot traffic and visibility. Its prime location boasts significant advantages, including immediate adjacency to the University of Illinois Medical Center and a Costco, guaranteeing a consistent flow of customers. Furthermore, the center benefits from its close proximity to the University of Illinois at Chicago, a major institution with over 16,000 undergraduates, providing a substantial and readily accessible consumer base. The surrounding area is densely populated, with over 459,000 people residing within a 3-mile radius, creating a robust market for retail businesses. This thriving commercial hub presents a unique opportunity for businesses seeking high-traffic locations with strong demographics and established anchor tenants. The available spaces are ideal for a variety of retail uses, offering flexibility and potential for significant growth within a well-established and successful shopping center. The property's convenient location and strong tenant mix make it an attractive investment opportunity. Contact us today to learn more about the available spaces and lease terms.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
APN 17-19-207-058
UPID US28-5768338
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
  • Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
  • Huntington Bank Bank Loan Service
  • Papas Lockers Self Storage Unit Storage Facility
  • Crozet Self Storage Unit Storage Facility
  • Chandni R. Patel, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$30.60M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$30.60M
Owner & transaction history
Tcb Ashland Roosevelt Land LLC · 2 yrs held
Tcb Ashland Roosevelt Land LLC
since 2024
Last sale
$30.6M
1 recorded transaction
2024
$30.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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