Retail Center in Back of the Yards at Hard Corner

No Longer Available For Sale
5257 S. Ashland Ave.
Chicago, IL
12,950 SF
Retail/Office Storefront
  • Retail, neighborhood center, Back of the Yards, sale

The Details

  • 12,950 SF retail strip center
  • Parking for 40 cars
  • 22% occupied
  • Located at 53rd and Ashland
  • Potential NOI: $92,756
  • Land Area: 30,457 SF
  • Traffic Count: 21,400 cars daily
  • Zoning: C1-2
  • Taxes (2013): $68,212, under protest
 
Developed in 2004, this 12,950 square foot retail center is located at the busy hard corner of 53rd and Ashland. A 40 car parking lot is located at the north end of the center. The property is currently 22% occupied, offering the opportunity to add value through leasing. The available units are in vanilla box condition; the vacant end cap unit was previously used as a restaurant. Potential tenants will be attracted by the highly visible location with dedicated parking. Current tenants include Sassy Nails and Food Mart.
 
Back of the Yards is an industrial and residential neighborhood on the near southwest side of Chicago. More than
326,000 residents live within three miles of this shopping center.