100 S Ashland Avenue
Chicago, IL 60607
100 S Ashland Avenue Logo Image
100 S Ashland
Chicago, IL 60607
  • Asking Price: $3,250,000
  • Cap Rate: N/A
  • Property Type: Retail
  • Status: Available
PROPERTY DETAILS:

Investment Highlights • Value-add retail in robust West Loop submarket • ±22,797 square feet of prime urban retail space • Carrying income from Staples of $33,980 per month through March 2017 provides cash fl ow from a credit tenant • Irreplaceable location with high barriers to entry • Rare on-site parking for tenants and retail customers • Strong demographics, with best-in-market traffic counts (over 39,300 VPD) • ¼ mile from the United Center and recently unveiled new Bulls practice facility and the ±190,000 square foot office building currently under construction (Fall 2016 completion) • New CTA Bus Rapid Transit route along Ashland Avenue under consideration • Directly across from the former Salvation Army site - 5-acre full city block that is in preliminary planning for redevelopment • ¼ mile from Illinois Medical District: the State of Illinois’ largest biotechnology / medical complex consisting of 560 acres, 2,200 hospital beds; 29,230 employees and receives 75,000 visitors daily • $300-million mixed-use development has been approved for the Illinois Medical District