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7528 S Ashland Ave
Chicago, IL 60620
Dollar Tree · Retail Property For Sale

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Executive Summary

This property is leased to Dollar Tree (NASDAQ: DLTR), a Fortune 500 retailer operating over 16,000 locations nationwide, providing strong financial backing and long-term stability. The tenant recently executed an early five-year lease extension, underscoring its long-term commitment to the site. Positioned in a high-traffic urban location along South Ashland Avenue—a major commercial corridor with more than 29,000 vehicles per day—the site offers prime visibility and accessibility. Located in Chicago’s Auburn Gresham neighborhood, the property benefits from dense infill demographics, with a population exceeding 300,000 residents within a three-mile radius, ensuring sustained retail demand. The asset sits within an established retail corridor, adjacent to Walmart and surrounded by national and regional tenants such as Burger King, AutoZone, and local grocers, driving consistent foot traffic. Additionally, the property is just nine miles from Downtown Chicago, offering excellent regional connectivity, public transportation access, and proximity to ongoing South Side investment initiatives.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
10,000 SF
Building Class
B
Year Built
2016
Price
$1,935,484
Price Per SF
$193.55
Cap Rate
7.75%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.49 AC
Zoning
C - Commercial Zoned District
Parking
27 Spaces (2.7 Spaces per 1,000 SF Leased)
Frontage
201’ on S Ashland Ave

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 20-30-411-035-0000
  • 20-30-411-019-0000
  • 20-30-411-020-0000
Land Assessment
$48,151
Improvements Assessment
$176,292
Total Assessment
$224,443
  • Listing ID: 39049632

  • Date on Market: 1/12/2026

  • Last Updated:

  • Address: 7528 S Ashland Ave, Chicago, IL 60620

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