5140 S Ashland Ave
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5140 S Ashland Ave
12,000 SF Office Building Chicago, IL 60609 $1,053,509 CAD ($88 CAD/SF) 7.39% Cap Rate
Executive Summary
Prime Commercial Property on Ashland Ave - Renovated and Ready for Business! This exceptional commercial property spans across 7 city lots on bustling Ashland Ave, offering unparalleled visibility and accessibility. Recently, the interior has undergone a complete renovation, featuring brand new electrical systems, plumbing, HVAC, and a durable asphalt roof. The building itself boasts 12,000 square feet of versatile space, perfectly suited for a variety of business uses, and includes a full unfinished basement for additional storage or future expansion. Key features: Lot Size: 225 x 108 feet, providing ample space for your business operations. Building Size: 12,000 square feet with a full basement. Zoning: B3-2, allowing for a wide range of commercial activities. Parking: Abundant parking available to accommodate both customers and staff. Don't miss this opportunity to establish your business in a highly desirable and thriving location. Contact us today to schedule a viewing!
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
12,000 SF
Building Class
C
Year Built
1910
Price
$1,053,509 CAD
Price Per SF
$88 CAD
Cap Rate
7.39%
NOI
$77,864 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,000 SF
Opportunity Zone
Yes
Zoning
B3-2 - Community Shopping District
Parking
50 Spaces (1.11 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Basement
- Central Heating
- Air Conditioning
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 20-07-407-033-0000 | Total Assessment | $71,656 CAD |
| Land Assessment | $25,408 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $46,248 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
20-07-407-033-0000
Land Assessment
$25,408 CAD
Improvements Assessment
$46,248 CAD
Total Assessment
$71,656 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
-
Neo Neophytou -
Executive Realty Group LLC
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5140 S Ashland Ave
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