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2435 Ashland Avenue  Chicago IL 60614

2435 Ashland Avenue Chicago, IL 60614

For Sale
2435 Ashland Avenue
Chicago, IL 60614
Price: $1,065,000
Type: Commercial Sale Mixed Use
Agent: Thomas Wagner
Agent Email: tom.wagner@compass.com
Broker: Compass
Broker Phone: 847-906-1872

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.

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