2928 N Ashland Ave - Storefront FOR SALE


Chicago, IL 60657- Lakeview
$5,800,000 USD
404-441-3849
2928 N Ashland Ave, Chicago, IL for Sale
$5,800,000 USD
Storefront - FOR SALE
1/9
null | 7.5% Cap Rate

2928 N Ashland Ave
Chicago, IL 60657
Lakeview


HIGHLIGHTS

  • The property benefits from a brand-new roof with a 20-year roof warranty, valid through 2046.
  • Within Chicago’s Primary Retail & Commercial Corridor.
  • This site is within 1 mile from nearly 30,000 households, placing a substantial built-in customer base within walking distance.
  • Savers is ideally positioned within a premier shopping center anchored by a top-performing Jewel-Osco.
  • This is one of the few retail centers in Lakeview offering ample surface-level parking (via easement).

OVERVIEW

Savers is ideally positioned within a premier shopping center anchored by a top-performing Jewel-Osco, which serves as a massive draw with over 1.33 million annual visits (Placer.ai). Other users within Ashland Wellington Plaza include Tide Laundromat, Szechuan Corner and Children’s Healthcare Associates. Set to open on June 18, 2026, Savers’ net lease will feature 10 years of primary term with a 10% rent increase in July 2031 and in each of the two, 5-year renewal options. Additionally, the lease is guaranteed by Savers Value Village, Inc.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Savers: Chicago, IL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

B5-2

APN/PARCEL ID

14-30-224-038-0000

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.