Retail Space / Illinois / Chicago / 60620 / 7927 South Ashland Avenue

7927 South Ashland Avenue

Q: What is the asking price for 7927 South Ashland Avenue in Chicago?

The asking price for 7927 South Ashland Avenue is $1,365,000

Q: What is the building size of this Retail property in Chicago, IL?

The size of the building/unit at 7927 South Ashland Avenue in Chicago is 7,245 square feet.

Q: How much land does the Chicago, IL property at 7927 South Ashland Avenue include?

7927 South Ashland Avenue in Chicago includes 1.500 acres of land.

Q: What kind of Retail is the propery at 7927 South Ashland Avenue?

The property at 7927 South Ashland Avenue Chicago, IL 60620 is listed as a Free Standing Building Retail property.

Q: What is the population within 1 mile of 7927 South Ashland Avenue?

The population within 1 mile of 7927 South Ashland Avenue Chicago, IL 60620 is 38,716 people.

Q: Who do I contact for questions about 7927 South Ashland Avenue?

You should contact the listing agent, Winston Guest, for any details regarding this commercial listing.

Chicago, IL 60620

Listing ID: 253774

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7927 South Ashland Avenue | for Sale | Thumbnail 1

7927 South Ashland Avenue | for Sale | Thumbnail 2

Building Size: 7,245 SF

Lot Size: 1.500 AC

Land Size: 65,340 SF

Building $/SF: $188.41

Land $/SF: $20.89

Price

$1,365,000

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, investment grade, Family Dollar investment property located in Chicago, IL. The tenant, Family Dollar, Inc. (S&P: BBB-), recently signed a brand new 5-year lease extension with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities to roof, structure, and parking lot repairs, making it an ideal, low-management investment opportunity. The current Landlord had the roof and parking lot completely replaced in 2017 and 2020 respectively, greatly reducing future capital expenditure needs from a new investor. Family Dollar has thrived during the COVID-19 pandemic, delivering its strongest same-store sales performance in the past 10 quarters in Q3 2020.

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Chicago History of Retail Space for Sale

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Listing Demographics for 7927 South Ashland Avenue Chicago, IL 60620

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		38,716	259,793	720,511
Population Median Age		40	39	38
Population by Age	0-9 Yrs	4535 (11%)	32866 (12%)	94369 (13%)
	10-19 Yrs	5369 (13%)	36037 (13%)	102634 (14%)
	20-29 Yrs	5219 (13%)	36161 (13%)	105934 (14%)
	30-39 Yrs	4036 (10%)	29677 (11%)	90094 (12%)
	40-49 Yrs	4733 (12%)	31217 (12%)	88625 (12%)
	50-59 Yrs	5249 (13%)	36530 (14%)	93014 (12%)
	60-69 Yrs	4285 (11%)	28392 (10%)	73350 (10%)
	70+ Yrs	5289 (13%)	28913 (11%)	72490 (10%)

Median HH Income		$33,592	$38,340	$42,666
Total Household Income	< 24K	5747 (40%)	34067 (36%)	82805 (32%)
	25-49K	3558 (24%)	22105 (23%)	61188 (23%)
	50-74K	2116 (14%)	14520 (15%)	40403 (15%)
	75-99K	1193 (8%)	9130 (9%)	26618 (10%)
	100-199K	1501 (10%)	12607 (13%)	39268 (15%)
	200K+	178 (1%)	2141 (2%)	7813 (3%)

Highest Education Level	No Diploma	4328	27366	80136
	Diploma or GED	8203	53356	144175
	Some College	7555	46415	112397
	Assoc. Degree	2299	13782	34495
	Bachelors Degree	2388	19631	59562
	Higher Degree	1353	12705	40492

Total Housing Units		17,487	114,747	305,111
--Owner-Occupied		6,402	47,701	133,053
--Renter-Occupied		7,892	46,869	125,042
Owner-Occupied Values	< 100K	1718	9816	23637
	100-199K	3885	25231	63687
	200-299K	680	8293	31097
	300-399K	58	2450	8087
	400-499K	0	781	2663
	500K+	60	1129	3880

Total Working Age Population		30,703	205,207	565,055
In Work Force		16,628	119,759	341,993
Not In Work Force		14,074	85,447	223,062
Workforce Employed		13,821	99,516	293,203
Workforce Unemployed		2,807	20,214	48,712
Civlian Workforce		16,628	119,729	341,914
Military Workforce		0	30	79

Total Households		14,294	94,569	258,095
Family Households		8,830	58,265	156,760
Non-Family Households		5,464	36,304	101,335
Married Couple		3,006	23,753	77,730
Other Family		5,824	34,513	79,031
Married w/Child		890	9,156	34,546
Single Male w/Child		275	2,140	6,239
Single Female w/Child		1,896	11,855	27,941

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Cook County	5,376,741	-3	5,194,675	+10	5,707,832	+5	5,990,243
Will County	502,266	+35	677,560	+34	907,625	+20	1,093,207

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 7927 South Ashland Avenue in Chicago?

The asking price for 7927 South Ashland Avenue is $1,365,000

What is the building size of this Retail property in Chicago, IL?

The size of the building/unit at 7927 South Ashland Avenue in Chicago is 7,245 square feet

How much land does the Chicago, IL property at 7927 South Ashland Avenue include?

7927 South Ashland Avenue in Chicago includes 1.500 acres of land

What kind of Retail is the propery at 7927 South Ashland Avenue?

The property at 7927 South Ashland Avenue Chicago, IL 60620 is listed as a Free Standing Building Retail property

What is the population within 1 mile of 7927 South Ashland Avenue in Chicago?

The population within 1 mile of 7927 South Ashland Avenue Chicago, IL 60620 is 38,716 people.

Who do I contact for questions about 7927 South Ashland Avenue?

You should contact the listing agent, Winston Guest, for any details regarding this commercial listing.

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7308 South Ashland Avenue, Chicago, IL	$19,900	1200	0.3
8636 South Ashland Avenue, Chicago, IL	CALL	15035	1.09
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9449 South Kedzie Avenue, Evergreen Park, IL	$175,000	3125	0.14
3020 West 95th Street, Evergreen Park, IL	$699,000	5600	0.13
370 East 71st Street, Chicago, IL	$575,000	6000	-
10200 South Vincennes Avenue, Chicago, IL	$2,200,000	21872	0.74

Closest Commercial Airports

Airport	Distance (mi)
Chicago Midway International Airport (MDW)	5
Chicago O'Hare International Airport (ORD)	20
South Bend Regional Airport (SBN)	69