Prime Retail Opportunity in
3921 W TOUHY Avenue Lincolnwood, IL 60712
3921 W TOUHY Avenue, Lincolnwood, IL, 60712
$1,200,000
For Sale
$1,200,000
Updated retail space in high-traffic Lincolnwood location.
Property Size4,800 SF
Price / SF$250
Days on Market683
Property Features for 3921 W TOUHY Avenue
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1970
Listing agency
Platinum Partners Realtors
(773) 717-2227
Listed by
Sang Han · License #475179051
(773) 717-2227
Source
Exitrealty
Added: Sep 8, 2024 Updated: Jul 6 at 12:11PM Checked: Jul 22 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platinum Partners Realtors
Investment Insights
Based on property information with market context.
Located in a high-traffic area of Lincolnwood, this property offers a prime opportunity for retail businesses. The property is zoned B2 and features a total space of 4,800 square feet, divisible into units of 1,600 square feet each. The location benefits from a dense population, with over 15,000 residents within a 1-mile radius, 297,000 within 3 miles, and 809,000 within 5 miles. The surrounding neighborhood boasts an average household income exceeding $100,000. A large mixed-use residential complex, District 1860, is scheduled to open this year at the intersection of Touhy and Lincoln Avenue, approximately 0.6 miles from the property, which is expected to increase both pedestrian and vehicular traffic, benefiting local retail businesses. The area's diverse demographic offers various business opportunities without focusing on a specific ethnic group. The property has been fully updated with a new roof, HVAC system, water heater, and electrical wiring. It also includes more than 15 parking spaces. The current interior condition is a whitepaper, allowing for customized build-out. The seller is open to negotiating tenant improvements or build-out options depending on the lease or sales terms. The property is suitable for a variety of retail businesses.
Key Highlights
- Prime rental opportunity in high‑traffic Lincolnwood location with B2 Zoning
- Divisible rental space: Total 4,800 sq ft, can be divided into 1,600 sq ft units
- High population density: 15K+ people within 1 mile radius
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 | $72.0k | $15.00 |
| − Vacancy | −$5.8k | −$1.20 |
| EGI | $66.2k | $13.80 |
| − OpEx | −$19.9k | −$4.14 |
| NOI | $46.4k | $9.66 |
4,800 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$875.5K – $1.17M
NOI $70,042 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Updated retail space in high-traffic Lincolnwood location.
Where is this retail space located?
The property is located at 3921 W TOUHY Avenue Lincolnwood, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime rental opportunity in high‑traffic Lincolnwood location with B2 Zoning; Divisible rental space: Total 4,800 sq ft, can be divided into 1,600 sq ft units; High population density: 15K+ people within 1 mile radius
