Chicago Commercial Space For
3125 N Lincoln Avenue Chicago, IL 60657
3125 N Lincoln Avenue, Chicago, IL, 60657
$360,000
For Sale
$360,000
COMMERCIAL - Chicago, IL
Property Size1,200 SF
Lot Size0.03 Acres
Price / SF$300
Days on Market122
Property Features for 3125 N Lincoln Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- RTAIL
- Standard status
- Active
- APN
- 14291000471001
- Size
- 1,200 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 12530
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2002
- Floors in Building
- 4
Listing agency
Compass
(773) 482-1917
Listed by
Amy Duong · License #471005863
Added: Mar 23 Updated: May 14 at 1:50PM Checked: Jul 22 at 11:06PM
MLS# 12600175
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located near Belmont/Lincoln/Ashland, this commercial space offers 1200 square feet. Previously used as a nail salon, the space is suitable for businesses seeking a location with foot traffic. The property is zoned for retail (RTAIL). Situated on a lot of approximately 0.0275 acres, this space presents an opportunity for entrepreneurs. It can be used as an office, nail salon, or spa. The property is located in Chicago, IL, with a postal code of 60657, in Cook County.
Key Highlights
- Prime location near Belmont/Lincoln/Ashland
- High foot traffic area
- Versatile 1200 sq. foot space
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.9k | $21.60 |
| − Vacancy | −$2.2k | −$1.84 |
| EGI | $23.7k | $19.76 |
| − OpEx | −$7.1k | −$5.93 |
| NOI | $16.6k | $13.83 |
1,200 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Spa Spot
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Prime commercial space in a sought-after Chicago location.
Where is this retail space located?
The property is located at 3125 N Lincoln Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Prime location near Belmont/Lincoln/Ashland; High foot traffic area; Versatile 1200 sq. foot space
