1220 S Ashland Ave Chicago, IL 60608
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.
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Chandni R. Patel, PharmD Pharmacy
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.