2435 N Ashland Avenue, Chicago, IL 60614

• 2,576 sqft

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 for any future potential uses. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.

Listing Status:

Active

Data Last Updated:

May 22, 2026 at 1:18AM

Listing Office:

Compass : 847-638-2659

Listing Agent:

Thomas Wagner : 847-638-2659

MLS ID:

12636515

Interior

• Flooring: Carpet
• A/C: Central Air

Location

• Road/Access: City StreetAlley Access
• HOA Amenities: Not Applicable
• Originating MLS: mred
• County: Cook

Lot

• Zoning: COMMR14293170110000
• Current Use: Commercial

Utilities

• Utilities: Electric to SiteNatural Gas AvailableSewer ConnectedWater AvailableCircuit Breakers
• Water: Municipal Water

Financial

• Source: mred