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28152957
28152958

2435 N Ashland Avenue, Chicago, IL 60614

TW
IL IL 475176488
Compass
@properties
Listed by Compass, @properties
$960,000
250 days on market
Updated 30 days ago

Mpower Energy Sale-Leaseback

Details
APN 14293170110000
Property Type Retail
Sub Type Storefront, Neighborhood Storefront (+1)
Square Footage 2,576
Net Rentable (SqFt) 2,576
Units 1
Cap Rate 8.32%
NOI $79,856
Occupancy 100%
Tenancy Single
Brand/Tenant Mpower Energy
Lease Type Absolute NNN
Lease Term 5
Remaining Term 5
Rent Bumps Yes
Lease Options Flexible
Price per SqFt $373
Class C
Year Built 1889
Year Renovated 2019
Buildings 1
Stories 2
Lot Size (SqFt) 2,034
Zoning COMMR
Parking Spaces 7 spaces
Parking per 1,000 SqFt 2.72
Investment Type Sale/Leaseback
Ground Lease No
Sale Condition Sale for leaseback

Mixed Use | 8.32% CAP | 2,576 SqFt

Marketing 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.

Investment highlights

  • Sale/Leaseback | 5-year Initial Term
  • NOI: $79,856 | $6,654/month
  • 2% Annual Escalations
  • NO Landlord Responsibilities
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TW
IL IL 475176488
Compass
@properties
Listed by Compass, @properties

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$79,856.00
$6,654.67/mo

Valuation Metrics

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DSCR
8.32%
Cap Rate
8.32%
ROI

Map

Zoning

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B3-2 CommercialRetail CommercialCommunity Shopping District
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View all 134 uses
View all 134 uses
Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Tom Wagner
License
IL 475176488
Brokerage
Compass
Title
Real Estate Broker
Brokerage Address
11 South Evergreen Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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