US GOV'T NET LEASED INVESTMENT (Social Security Office)

The property is located at the northeast corner of 53rd & Ashland in Chicago's New City Community, The area is densely populated. Properties along Ashland Ave consist of commercial, mixed use and some multifamily. The site is located on the south end of a Major Shopping & Business District that is along Ashland Ave, and 47th St. Chicago is the most populous city in the Midwestern United States and the fifth most populous city in North America. Chicago is an international hub for finance, culture, commerce, industry, education, technology, telecommunications, and transportation.New GSA Leased Property . Ten (10) year Lease with 5 yrs firm. GSA occupies 8,776sf (67.8%) of the +/-12,912sf one story building. GSA is a relocation from a few blocks away to a more modern facility. The GSA portion is a Social Security Office that has been in the area for over 20 yrs. They have invested nearly one million dollars in the buildout in this location. Rent commencement date for the GSA lease was May 15, 2023. The remaining 4,214 sf consists of 3 value added leased retail stores. Businesses are a convenience store, a nail salon with a short term lease and a phone store at market rent. Newly remodeled building includes new roof, new HVAC systems and total modern interior renovation of the GSA leased space. The property is located at the northeast corner of 53rd & Ashland in Chicago's New City Community, The area is densely populated. Properties along Ashland Ave consist of commercial, mixed use and some multifamily. The site is located on the south end of a Major Shopping & Business District that is along Ashland Ave, and 47th St. Chicago is the most populous city in the Midwestern United States and the fifth most populous city in North America. Chicago is an international hub for finance, culture, commerce, industry, education, technology, telecommunications, and transportation.Currently available 1180sf in a newer 12,890 square foot retail center located at the busy hard corner of 53rd & Ashland Ave., a 4-way signalized intersection. There is a +/-40 car parking lot located at the north and east side of the center. The property can be accessed from the south and north side of the site.