3510 Ashland AveChicago, IL 60609

Property Details for 3510 Ashland Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

3,474 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

14-19-408-041

APU

1419408041

Description

This exceptional 1,000 square foot retail space is located at 3510 S Ashland Ave in Chicago, IL, zip code 60609. The property is part of a larger 3,000 square foot building zoned B3-1 and currently offers multiple tenancies. This prime retail location is situated within a Shell Gas Station, ensuring high visibility and consistent customer traffic. Its strategic placement at a busy intersection further enhances its accessibility and exposure. Public transportation is readily available, with bus stops directly adjacent and the CTA Orange Line Ashland station within easy walking distance. The asking rent is inclusive of utilities and garbage collection, offering significant value to prospective tenants. This turnkey solution presents a fantastic opportunity for businesses seeking a vibrant and convenient location to establish or expand their operations. The space is immediately available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,384,391

  6.5%

  $1,277,900

  7%

  $1,186,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $701,357

  Geo Method

  $701,357

• Alternative Use

  Use

  Valuation

  Residential

  $1,277,900

  Hospitality

  $1,170,549

  Educational

  $973,883

  Medical

  $1,007,377

  Retail

  $1,514,929

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9455

Longitude

-87.6692

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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