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About the Listing 6179 - 44442,891986
Presenting a single-tenant NNN investment opportunity in the West Lincoln Park neighborhood of Chicago. The property is 100% occupied by Mpower Energy, a well-established independent retail supplier of electricity and natural gas. They have occupied the entire building since 2019. Mpower Energy will execute a new 5-year NNN lease with little to no landlord responsibilities upon closing. The lease will include 2% annual escalations, generating a stable and growing income stream. This building sits near the highly trafficked corner of Ashland Ave & Fullerton Ave on the West side of Lincoln Park seeing +27k vehicles daily. It is also located just 0.5 miles from the DePaul University campus and 0.75 miles from I-90. The property is zoned B3-2, which allows for commercial uses on the first floor and residential uses above, giving the property flexibility for any future potential uses. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.
Listing Highlights for 2435 N Ashland Ave
Status
Active
Days on Site
5
Property Type
Commercial Sale
MLS ®
12513665
Year Built
1889
Total Square Footage
2,576
Lot/Acreage
0.05
County
Cook
Area
CHI - Lincoln Park
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Gas
- Fireplaces:
- Floor: Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 25 x 83
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
- Parking Features: 6-12 Spaces,Open
Financial Details
- Tax Amount: $22,358
- Taxes w/Assessments: N/A
- Tax/Property ID: 14293170110000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
2435 N Ashland Ave Chicago, IL 60614
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