US GOV'T NET LEASED INVESTMENT (Social Security Office)

For Sale

5257 S Ashland Ave, Chicago, IL 60609

This Chicago property for sale is located at 5257 S Ashland Ave. The current listed sale price for US GOV'T NET LEASED INVESTMENT (Social Security Office) is $4,171,466. US GOV'T NET LEASED INVESTMENT (Social Security Office) is situated on a lot that is 0.69 acre in size.

Contacts

broker

Neil Haleem

Network Commercial Real Estate

(708) 873-5540

Property Details

  • Property Type Retail - Strip
  • Property Size 12,901 SF
  • Units 4
  • Lot Size 0.69 Acre
  • Parking Spaces Avail. 40
  • Parking Ratio 3.12 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 2004
  • Year Renovated 2023
  • Date Updated Feb 11, 2024
The property is located at the northeast corner of 53rd & Ashland in Chicago's New City Community, The area is densely populated. Properties along Ashland Ave consist of commercial, mixed use and some multifamily. The site is located on the south end of a Major Shopping & Business District that is along Ashland Ave, and 47th St. Chicago is the most populous city in the Midwestern United States and the fifth most populous city in North America. Chicago is an international hub for finance, culture, commerce, industry, education, technology, telecommunications, and transportation.New GSA Leased Property . Ten (10) year Lease with 5 yrs firm. GSA occupies 8,776sf (67.8%) of the +/-12,912sf one story building. GSA is a relocation from a few blocks away to a more modern facility. The GSA portion is a Social Security Office that has been in the area for over 20 yrs. They have invested nearly one million dollars in the buildout in this location. Rent commencement date for the GSA lease was May 15, 2023. The remaining 4,214 sf consists of 3 value added leased retail stores. Businesses are a convenience store, a nail salon with a short term lease and a phone store at market rent. Newly remodeled building includes new roof, new HVAC systems and total modern interior renovation of the GSA leased space. The property is located at the northeast corner of 53rd & Ashland in Chicago's New City Community, The area is densely populated. Properties along Ashland Ave consist of commercial, mixed use and some multifamily. The site is located on the south end of a Major Shopping & Business District that is along Ashland Ave, and 47th St. Chicago is the most populous city in the Midwestern United States and the fifth most populous city in North America. Chicago is an international hub for finance, culture, commerce, industry, education, technology, telecommunications, and transportation.Currently available 1180sf in a newer 12,890 square foot retail center located at the busy hard corner of 53rd & Ashland Ave., a 4-way signalized intersection. There is a +/-40 car parking lot located at the north and east side of the center. The property can be accessed from the south and north side of the site.

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Highlights

  • New 10yr GSA Lease (Social Security Office)
  • 12,901sf Building on a 30,419sf site
  • 2 Curb Cuts (1 on Ashland and 1 on 53rd St.)
  • Traffic Light Intersection
  • 31 on site parking spaces plus some street parking
  • Densely Populated Area

Attachments

Getting around

  • 68/100

    Walk Score ®

  • 59/100

    Transit Score ®

  • 59/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Back of the Yards
  • Zip Code 60609
  • Market Chicago

Points of Interest

  • Western

    1.12 miles

  • Ashland/63rd

    1.34 miles

  • Halsted

    1.68 miles

  • Garfield

    1.73 miles

  • 47th

    1.91 miles

  • 63rd

    2.10 miles

  • Kedzie

    2.10 miles

  • 35th/Archer

    2.31 miles

  • 51st

    2.38 miles

  • Garfield

    2.39 miles

  • Amstar

    0.34 miles

  • Clark

    0.56 miles

  • Citgo

    0.60 miles

  • Citgo

    0.82 miles

  • Citgo

    0.89 miles

  • Marathon

    0.90 miles

  • Food 4 Less

    0.97 miles

  • GoLo

    0.97 miles

  • BP

    0.99 miles

  • Clark

    1.01 miles

  • Western Park & Ride

    1.17 miles

  • Ashland/63rd Park & Ride

    1.39 miles

  • Kedzie Park & Ride

    2.18 miles

  • 35th/Archer Park & Ride

    2.32 miles

  • Lot L

    2.35 miles

  • Garfield Park & Ride

    2.36 miles

  • Lot F

    2.45 miles

  • VIP Lot E

    2.56 miles

  • Tailgate Lot

    2.58 miles

  • VIP Lot D

    2.62 miles

  • Dunkin'

    0.28 miles

  • McDonald's

    0.75 miles

  • Subway

    0.75 miles

  • Popeyes

    0.77 miles

  • Beijing 88

    0.77 miles

  • Little Caesars

    0.78 miles

  • Church's Chicken

    0.79 miles

  • Checkers

    0.86 miles

  • Birrieria y Taqueria El Arandas

    0.91 miles

  • Burger King

    0.92 miles

  • Supermercado El Gurero

    0.71 miles

  • ALDI

    0.77 miles

  • Marshalls

    0.84 miles

  • Burlington

    1.08 miles

  • Forman Mills

    1.09 miles

  • Fairplay Foods

    1.23 miles

  • ALDI

    1.39 miles

  • Go Green Community Fresh Market

    1.39 miles

  • Whole Foods Market

    1.53 miles

  • ALDI

    1.74 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Neil Haleem

Network Commercial Real Estate

(708) 873-5540