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    3115 N Lincoln Ave Chicago, IL 60614

    For Sale
    $950,000

    Two-story commercial building in Chicago's vibrant Lakeview neighborhood.

    Property size:
    3,052 SF
    Lot size:
    0.08 Acres

    Property Features for 3115 N Lincoln Ave

    General Information

    Size
    3,052 SF
    Lot size
    0.08 Acres

    Source: Century 21 - SGR | Chicago (North) Agent Myra Nimchaiyong

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakeview Two-Story Commercial Building

    Located in Chicago's Lakeview neighborhood, this two-story masonry building offers approximately 3,052 square feet of space, plus a basement. The property features high visibility on North Lincoln Avenue, a street known for dining, shopping, and entertainment. The interior includes exposed brick walls, hardwood floors, a large wood bar, and custom-designed stone restrooms. The second level features floor-to-ceiling windows, an expansive open layout with custom hardwood flooring, a stone powder room, and a service bar. Zoned B1-3, the property allows for a range of commercial and residential developments, offering flexibility for various business needs or mixed-use projects. The location is convenient to public transportation. The property is undergoing transformation into a new dining establishment. The property is located in a high-demand area with a strong demographic profile.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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.

    Similar Places Nearby

    Angels Cheeks Chicago Flower Shop, Les Fleurs du Mal, Luna Flowers Lakeview, Magic Flowers Chicago, Flower of the Dragon Productions

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6666008
    Latitude
    41.9384728

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    FAQs

    What type of property is this?
    Storefront property - Two-story commercial building in Chicago's vibrant Lakeview neighborhood.
    Where is this storefront property located?
    The property is located at 3115 N Lincoln Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Prime location in Chicago's high-demand Lakeview neighborhood on bustling N Lincoln Ave.; - Versatile B1-3 zoning allows for diverse commercial and residential development options.; - Impressive 3,052 sq ft two-story masonry building with basement.
    (773) 575-2779
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3115 N Lincoln Ave Chicago, IL 60614
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