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2928 N Ashland Ave
Chicago, IL 60657
Savers: Chicago, IL · Retail Property For Sale
Investment Highlights
- The property benefits from a brand-new roof with a 20-year roof warranty, valid through 2046.
- This site is within 1 mile from nearly 30,000 households, placing a substantial built-in customer base within walking distance.
- This is one of the few retail centers in Lakeview offering ample surface-level parking (via easement).
- Within Chicago’s Primary Retail & Commercial Corridor.
- Savers is ideally positioned within a premier shopping center anchored by a top-performing Jewel-Osco.
Executive Summary
Savers is ideally positioned within a premier shopping center anchored by a top-performing Jewel-Osco, which serves as a massive draw with over 1.33 million annual visits (Placer.ai). Other users within Ashland Wellington Plaza include Tide Laundromat, Szechuan Corner and Children’s Healthcare Associates. Set to open on June 18, 2026, Savers’ net lease will feature 10 years of primary term with a 10% rent increase in July 2031 and in each of the two, 5-year renewal options. Additionally, the lease is guaranteed by Savers Value Village, Inc.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
24,526 SF
Building Class
B
Year Built/Renovated
1994/2026
Price
$8,057,360 CAD
Price Per SF
$328.52 CAD
Cap Rate
7.50%
NOI
$604,302 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.80
Lot Size
0.70 AC
Zoning
B5-2
Frontage
165’ on Ashland Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 14-30-224-038-0000 | Improvements Assessment | $926,843 CAD |
| Land Assessment | $630,963 CAD | Total Assessment | $1,557,806 CAD |
Property Taxes
Parcel Number
14-30-224-038-0000
Land Assessment
$630,963 CAD
Improvements Assessment
$926,843 CAD
Total Assessment
$1,557,806 CAD
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