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Savers: Chicago, IL 2928 N Ashland Ave 24,526 SF Retail Building Chicago, IL 60657 $5,800,000 ($236.48/SF) 7.50% Cap Rate
Investment Highlights
- The property benefits from a brand-new roof with a 20-year roof warranty, valid through 2046.
- This site is within 1 mile from nearly 30,000 households, placing a substantial built-in customer base within walking distance.
- This is one of the few retail centers in Lakeview offering ample surface-level parking (via easement).
- Within Chicago’s Primary Retail & Commercial Corridor.
- Savers is ideally positioned within a premier shopping center anchored by a top-performing Jewel-Osco.
Executive Summary
Savers is ideally positioned within a premier shopping center anchored by a top-performing Jewel-Osco, which serves as a massive draw with over 1.33 million annual visits (Placer.ai). Other users within Ashland Wellington Plaza include Tide Laundromat, Szechuan Corner and Children’s Healthcare Associates. Set to open on June 18, 2026, Savers’ net lease will feature 10 years of primary term with a 10% rent increase in July 2031 and in each of the two, 5-year renewal options. Additionally, the lease is guaranteed by Savers Value Village, Inc.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
24,526 SF
Building Class
B
Year Built/Renovated
1994/2026
Price
$5,800,000
Price Per SF
$236.48
Cap Rate
7.50%
NOI
$435,000
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.80
Lot Size
0.70 AC
Zoning
B5-2
Frontage
165’ on Ashland Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Saver
- -
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Saver | - | - | - | Jan 0000 |
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-30-224-038-0000 | Improvements Assessment | $672,610 |
| Land Assessment | $457,890 | Total Assessment | $1,130,500 |
Property Taxes
Parcel Number
14-30-224-038-0000
Land Assessment
$457,890
Improvements Assessment
$672,610
Total Assessment
$1,130,500
Contacts
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Ty Grenier -
Katie Goldberg -
Leah Lindell -
Abby Kelly -
Michael Kaider -
CBRE, Inc.
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Savers: Chicago, IL | 2928 N Ashland Ave
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