REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Thomas Wagnerof Compass
-
Est. payment | /mo
2,576 SqFt
-
Est. payment | /mo
2,576 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 2,576 sqft
MLS Listing ID 12636515
Year Built 1889
Annual Tax Amount $28,227
Tax Year 2024
Lot Dimensions 25 x 83
Property Sub-Type Retail/Stores
Property Description
Presenting a single-tenant Absolute 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 Absolute NNN lease with 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 should any future potential uses be needed. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
View Y/N true
Building
Water Municipal Water
Others
Virtual Tour https://real.vision/2435-north-ashland-avenue?o=u
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.