5501 N Ashland Ave - Bank FOR SALE


Chicago, IL 60640- Andersonville
$5,181,818 USD
630-570-2260
5501 N Ashland Ave, Chicago, IL for Sale
$5,181,818 USD
Bank - FOR SALE
1/9
null | 5.5% Cap Rate

5501 N Ashland Ave
Chicago, IL 60640
Andersonville


HIGHLIGHTS

  • New 15-Year Extension on a Ground-Leased Fifth Third Bank | The Bank has been Operating at this Location Since 2007 | Corporately Guaranteed
  • Outlot to Jewel-Osco | Strong Surrounding Drivers
  • Ranks in the Top Three Percent of Locations Nationwide by Visits and Attracts 133,700 Annual Visitors (Placer.ai)
  • Located at a Heavily Traveled Signalized Intersection | N Ashland Avenue sees 19,100 Vehicles Per Day
  • 0.7 Miles from Bryn Mawr CTA Station | The Red Line had 21,469,067 Riders in 2024
  • Average Household Income of $131,467 Within a 0.5 Mile Radius

OVERVIEW

Fifth Third Bank has operated at this location since 2007 and recently negotiated a 15-year lease extension, demonstrating its long-term commitment to the site. This location ranks in the top three percent of all Fifth Third Bank branches nationwide by visits, drawing approximately 133,700 annual visitors. The lease includes a corporate guarantee, 10 percent rental increases every five years, and four five-year renewal options. Positioned at a signalized intersection with over 19,100 vehicles per day (VPD) and just 0.7 miles from a busy CTA Red Line station, the site offers exceptional visibility and accessibility. It sits as an outlot to a high-performing Jewel-Osco, which attracts 1.1 million annual visitors, and is surrounded by major national and local retailers, as well as schools. The property is located in an extremely dense and affluent neighborhood, with over 70,500 residents and an average household income of $131,467 within a 0.5-mile radius.

FOR SALE DETAILS

PRICE

$5,181,818 USD

PRICE/SF

$1,165 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fifth Third Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

-

APN/PARCEL ID

14-08-100-016-0000

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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