Lincolnwood Commercial and Retail
6731-6733 N Lincoln Avenue, Lincolnwood, IL 60712
COMMERCIAL - Lincolnwood, IL
Property size:
10,500 SFLot size:
0.34 AcresPrice / SF:
$237/SF- Added:
- Jun 10, 2025
- Days on Market:
- 356
- Last Refresh:
- May 31 at 11:06 pm
Property Features for 6731-6733 N Lincoln Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 10353000150000
- Size
- 10,500 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 43486
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Building materials
- Brick
Listing agent Mark Ahmad License #471007186 (312) 513-4490
Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL (773) 465-4200
Listing date Jun 10, 2025
MLS# 12387904
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.
HighLights
- Redevelopment opportunity in a high‑traffic commercial and retail district.
- Two buildings included: 2‑story office building and 1‑story retail/warehouse building.
- Excellent location: Minutes to major roads (I‑90/I‑94) and 15‑20 minutes to downtown Chicago and O'Hare International Airport.
- Substantial land and building size: Approximately 15,000 sq. ft. of land and 10,500 sq. ft. of building space.
- Parking available in front and rear of the building.
- Brick construction and central air conditioning.
Overview
Located in the commercial and retail district of Lincolnwood on Lincoln Ave, this property features two buildings. One building is a two-story office structure, and the adjacent building is a one-story retail/warehouse building. Parking is available in both the front and rear of the building. The property includes approximately 15,000 square feet of land and approximately 10,500 square feet of building space. Options include redevelopment or continuation of the current use. The area is a heavily traveled and trafficked district that combines residential, business, shops, and professional dense corridors. The location provides convenient access to major roads and interstates I-90/I-94, and is within 15 to 20 minutes of downtown Chicago and O'Hare International Airport. The property consists of four multiple pins.
Local Financial Insights For Office B
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 | $220.5k | $21.00 |
| − Vacancy | −$52.9k | −$5.04 |
| EGI | $167.6k | $15.96 |
| − OpEx | −$41.9k | −$3.99 |
| NOI | $125.7k | $11.97 |
10,500 SF · lease $21.00/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.09M
NOI $125,685 @ 7.0% cap · market cap 5.05%
Second Best
Mixed Use
$1.52M
$1.33M – $1.77M
NOI $106,313 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,216 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Lincolnwood
- County
- McLean
- State
- Illinois
- Longitude
- -87.731
- Latitude
- 42.0082
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-building commercial property in Lincolnwood's retail district.
Where is this mixed-use property located?
The property is located at 6731-6733 N Lincoln Avenue Lincolnwood, IL.
What is the asking price?
The asking price for this property is $2,489,000.
What are key features of this property?
This property features: Redevelopment opportunity in a high‑traffic commercial and retail district.; Two buildings included: **2‑story office building and 1‑story retail/warehouse building.**; Excellent location: Minutes to major roads (I‑90/I‑94) and 15‑20 minutes to downtown Chicago and O'Hare International Airport.
