9314 Ashland AveChicago, IL 60620

Property Details for 9314 Ashland Ave

Year built

1956

Lot size

0.06 AC

Property size (Sq ft)

300 SF

Property type

Retail space

APN

25-06-419-053

APU

2506419053

Description

This exceptional opportunity presents a thriving fast-food hot dog stand located at 9314 S Ashland Ave, Chicago, IL 60620. The business, operating Monday through Friday from 11 AM to 5 PM, boasts impressive average daily sales ranging from $1000 to $1200. The asking price of $299,900 includes both the established business and the freehold property. The single-story, 300-square-foot building, constructed in 1956 (APN 25064190530000), features a convenient outdoor seating area. This owner-user investment presents a unique chance to acquire a profitable, established business in a busy Cook County location. The property's efficient layout and strong sales history make it an attractive proposition for an owner-operator seeking a turnkey operation. The business is currently closed on Saturdays and Sundays, offering potential for expansion and increased revenue. This is a rare opportunity to own a well-established business with a proven track record in a high-traffic area. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $141,725

  6.5%

  $130,823

  7%

  $121,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $98,469

  Geo Method

  $98,469

• Alternative Use

  Use

  Valuation

  Residential

  $110,354

  Hospitality

  $101,084

  Educational

  $84,100

  Medical

  $86,993

  Retail

  $130,823

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7243

Longitude

-87.6631

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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