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3121 N Lincoln Ave Chicago, IL 60657

For Sale
$1,550,000

Commercial Sale - Chicago, IL

Property size:
8,700 SF
Days on Market:
40
Last Refresh:
Dec 5 at 1:06 am

Property Features for 3121 N Lincoln Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Zoning
RTAIL
APN
14291000110000
Size
8,700 SF

Utilities

Cooling system
Ceiling Fan(s), Central Air

Building Details

Year built
1910
Flooring type
Carpet, Wood
Architectural style
Other

Dream Town Realty (312) 265-8000 [email protected]

Listing agent Barbara O'Connor (312) 265-8000 License #471016838

Listing date Oct 27, 2025

MLS# 12504538 Listing URL

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Lincoln Avenue Commercial Building For Sale

Located in the Lakeview area of Chicago, this two-story commercial building features a marble and brick exterior. The property, zoned B1-3, offers over 8,700 square feet of open-concept space, complemented by a full unfinished basement. Each floor provides approximately 4,350 square feet with ceilings over 9 feet high, large windows, and LED lighting. The second floor is accessible via an interior staircase or a separate front entrance. The building includes oversized front display windows, hardwood floors, two front entrances, two rear exits, and bathrooms on both floors. The second floor also features locker rooms with showers. Additional amenities include ample storage and multiple office spaces. The property is equipped with four HVAC units (installed in 2021 and 2017), four condensers (2022 and earlier), three electrical panels, and two hot water tanks. Improvements include tuckpointing in 2020, a new sump pump in 2017, a rebuilt exterior back wall in 2009, and a roof tear-off in 1996 with ongoing maintenance. The property is currently operating as a yoga, meditation, and martial arts studio, and is suitable for retail, spiritual centers, banquet halls, pet supply stores, wellness studios, co-working spaces, salons, spas, art studios, galleries, event venues, fitness centers, preschools, dance studios, or gyms.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

The Peace School Yoga Studio

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6667529
Latitude
41.9385962

FAQs

What type of property is this?
Retail space - Two-story commercial building with open space in Lakeview, Chicago.
Where is this retail space located?
The property is located at 3121 N Lincoln Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: - Prime location on Lincoln Avenue in Lakeview with high foot traffic.; - Versatile B1-3 zoning allows for a wide range of business uses.; - Spacious 8,700+ sq ft open-concept layout with high ceilings and ample natural light.
More about this property
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