9438 S Ashland Ave

9438 S Ashland Ave, Chicago, IL 60620

Property Information

  • For Sale $2,499,000
  • Property Type Retail
  • Property Size 2,354 SF
  • Lot Size 0.54 Acre
  • Year Built 2022
  • Date Updated Apr 30, 2026

Description

Located in Cook County, Chicago.Incredible Opportunity to buy or lease this former Starbucks location! Brand new 2300 + SF Building with ample parking in a highly visible and busy strip. This property is strategically positioned as a pad site to Jewel-Osco Grocery Store, ensuring strong consumer traffic and visibility. The surrounding area is home to a variety of well-established retailers, including McDonald's, Taco Bell, Burger King, Walgreens, BMO Bank, Dollar Tree, and Dunkin' Donuts, making this location highly desirable for continued foot traffic and long-term growth. The asset is backed by a stable NN lease structure, offering minimal landlord responsibilities and ease of management. With over seven years remaining on the lease term, the investment benefits from four (4), five-year extension options, providing long-term stability. Additionally, rent increases of 10% every five years ensure steady income growth throughout the lease duration. For more information or inquiries, please contact Michael Murphy or Christopher Mauriello.

Highlights

  • Brand-new 2300 + SF Building
  • Highly Visible Location with Ample Parking
  • Surrounded By National Retailers + High Traffic Counts

Contacts

Michael G. Murphy

Douglas Elliman Commercial - Long Island

Location

Located at 9438 S Ashland Ave, Chicago, IL 60620, this property is part of the Brainerd neighborhood and Chicago market.

Contact Listing Broker
Michael G. Murphy

Douglas Elliman Commercial - Long Island

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