Property profile

1220 S Ashland Ave Chicago, IL 60608

FOR SALE
Grocery and convenience stores
Property ID
US28-5768338
Entity Owned 2-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Atm Currency Exchange Service
  • Bank Loan Service
  • Storage Facility
  • Storage Facility
  • Pharmacy

Location

1220 S Ashland Ave Chicago, IL 60608
Chicago metro Census 842900 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
Last sale
$30.6M
1 recorded transaction
2024
$30.6M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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