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707 N Ashland Ave
Chicago, IL 60622
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Zoned B3-2 (Community Shopping District, which allows for a variety of uses)
- Hard corner of Ashland & Huron (northeast corner) / Over 46,000 passing cars daily on average
- Excellent access to multiple expressways - approx. 1 miles drive to I-90/94, I-290, and I-55
- 3-story Plus Full Basement With 10' Clear Height
- Walk to CTA & Metra trains, restaurants & breweries
- Surrounded by some of the most sought-after neighborhoods in Chicago
EXECUTIVE SUMMARY
The JonBerg Group of Baird & Warner Real Estate, INC has been exclusively engaged to solicit offers to purchase the fee simple interest of the subject property located at 707 North Ashland Ave., Chicago, IL 60622 (the "Property"). This is an urban mixed-use (retail/office/residential) building located in Chicago’s dense and affluent West Town neighborhood. The subject property is zoned B3-2 and situated in a mixed commercial and residential city setting. It features a three-story building, ±11,250 SF GLA plus an additional 3,750 SF below Grade with a 10’ ceiling height, and ±4,234 SF or (.097 AC) gated rectangular-shaped parcel. *** Property boasts ±123’ of frontage on North Ashland Avenue! The property is flawlessly situated on the northeast corner of Ashland Avenue and Huron Street and is conveniently located less than 1 mile from both the Chicago & Division Blue Line CTA Stations. The subject property offers an immediate "value-add opportunity" taking advantage of strong demand and increasing rents and condo sales in the West Town. *** The sale includes real estate and a well-established (over forty years in operation) business that sells retail and wholesale auto parts to the public and garages, and an automotive repair shop. 707 North Ashland Avenue sits in a prime location, just blocks from Chicago Avenue, which includes a stream of restaurants, bars, shopping, and entertainment alternatives and presents the unique opportunity to acquire a stand-alone building in the West Town neighborhood.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,250 SF
Building Class
B
Year Built
1991
Price
$7,420,000
Price Per SF
$659.56
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.58
Lot Size
0.10 AC
Zoning
B3-2 - B3-2 (Community Shopping District - shopping centers, large stores, and retail storefronts, often along major streets.
Parking
10 Spaces (0.89 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Fenced Lot
- Security System
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $134,285 | |
| Land Assessment | $53,149 | Total Assessment | $187,434 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$53,149
Improvements Assessment
$134,285
Total Assessment
$187,434
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