SHOPPING CENTER KEY FEATURES
Nearby tenants include Ace Hardware, Sinai Medical and Kennedy-King College, & walkable restaurants.
Located in the densely populated Chicago community.
2 blocks from CTA Green line stop, Ashland Bus Rte, 2 miles from I-90/94, and a walkability score of 78.
High foot and vehicle traffic, ideal for retail exposure
Excellent visibility along a prime thoroughfare
Value-add opportunity with below market rent and ability to divide space.
Located in an Opportunity Zone.
#9 bus stop at Ashland & 61st, in front of property.
Sale includes building, surface lot and 0.25 acres to the south for future expansion or development.
DESCRIPTION
DESCRIPTION
Impeccably maintained 8,200 square foot shopping center with a stellar record of long-term tenants Nestled in a thriving commercial district, this property ensures high visibility and easy accessibility The center's remarkable condition with a newer roof (2018), reflects dedicated upkeep and proactive management, guaranteeing investors a worry-free experience. With established, long-term tenants, this property consistently generates dependable rental income, making it an enticing prospect for those seeking a secure and profitable investment in commercial real estate. Don't miss out on this prime asset!
UPSIDE
The property at 6119–6141 S Ashland offers strong value-add potential through multiple avenues. Several tenants are paying below-market rents, creating an opportunity to re-tenant or renew at higher rates to boost NOI. The on-site parking lot allows for the addition of EV charging stations, aligning with sustainability trends while generating ancillary income. Additionally, the offering includes an adjacent ±0.25-acre parcel, which presents a flexible development opportunity to further enhance the site’s utility, income potential, and long-term value.
TENANT & LEASE SUMMARIES
6119 S Ashland
I Have a Dream is a local daycare & learning center that provides care for children between the ages of 6 weeks to 12 years.
Lease Start: 3/1/2018
Lease Expiration: 2/28/2028
Gross Leasable Area: 4,870 SF
Lease Rate: $8.59/sf/yr NNN
JC Nails provides manicure, pedicure and waxing services to clients. It is a local operator.
Lease Start: 9/1/2018
Lease Expiration: 8/31/2028
Gross Leasable Area: 925 SF
TENANT NAME
Lease Rate: $1527/sf/yr NNN
The T-Shirt Store designs and prints unique t-shirt and clothing creations.
Lease Start: 12/1/2017
Lease Expiration: 11/30/2028
Gross Leasable Area: 2,015 SF
Lease Rate: $15.72/sf/yr NNN
M & M Productions provides custom clothing imprinting.
Lease Start: 11/1/2020
Lease Expiration: 10/31/2025
Gross Leasable Area: 1,010 SF
Lease Rate: $1158/sf/yr NNN
