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953 N Ashland (Commercial Condo) 953 N Ashland Ave 6,745 SF Retail Building Chicago, IL 60622 $235,000 ($34.84/SF)
Investment Highlights
- Repositioning & Value Add Opportunity
- High-Demand Urban Location
- Transit Oriented Location
- Exceptional Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the condominium interest in an investment property located at 953 N Ashland Avenue in Chicago, Illinois (the “Property”). The Property is improved by a 1,200 square foot condominium unit located on the first floor of a five-floor mixed- use condominium Property. 953 N Ashland Avenue is zoned B1-2 Neighborhood Shopping District, one of the most versatile zoning designations in the city of Chicago. The Property is currently leased to Evergreen Care Center on a month- to-month basis and can be delivered vacant, offering the opportunity to lease the Property as a cash flowing investment or to use the Property as an owner-user opportunity. The Property is well-located along N Ashland Avenue in Chicago’s West Town neighborhood, a high-density, inner-urban core neighborhood 2.5-miles northwest of Downtown Chicago. The Property is convenient to the area’s primary commercial corridors, N Milwaukee Avenue and W Chicago Avenue, and offers easy access to the Division and Chicago “L” stations on the CTA Blue Line and the Clybourn Metra Station on the UP-N and UP-NW lines. The high-demand for real estate with proximity to “L” Stations, area schools and primary commercial corridors, make this a great opportunity for an investor seeking an owner-user or repositioning site in Chicago.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,745 SF
Building Class
B
Year Built
1996
Price
$235,000
Price Per SF
$34.84
Tenancy
Single
Building Height
5 Stories
Building FAR
3.10
Lot Size
0.05 AC
Zoning
B1-2 - B1-2
Parking
1 Spaces (0.15 Spaces per 1,000 SF Leased)
Frontage
26’ on Ashland Ave
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Evergreen
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Evergreen | Health Care and Social Assistance | - | - | - |
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $111,570 | |
| Land Assessment | $9,971 | Total Assessment | $121,541 |
Property Taxes
Parcel Numbers
Land Assessment
$9,971
Improvements Assessment
$111,570
Total Assessment
$121,541
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953 N Ashland (Commercial Condo) | 953 N Ashland Ave
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