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Retail Space with Basement
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2428 N Lincoln Ave, Chicago, IL 60614

2400 SF retail with a 1000 SF basement and 25' Lincoln Avenue frontage across from Biograph Theater.

Property Size3,400 SF
Days on Market162

Property Features for 2428 N Lincoln Ave

General Information

Standard status Active
Size 3,400 SF
Property subtype Multi Tenant Office

Building Details

Year Built 1903
Listing Agency: Jameson Commercial
Listed By: Jason Hiller · License #475158547
Source: Thebrokerlist
Added: Feb 18 Changed: Jul 22 Last Checked: Jul 30 at 2:25AM

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 Jameson Commercial

Investment Insights

Based on property information with market context.

This offering includes approximately 2,400 SF of retail space plus a 1,000 SF basement. The current ground-floor tenant, Bank of America, has invested $1M+ in buildout for a tellerless banking hub and is scheduled to vacate in December 2025. The space has supported multiple restaurant concepts in the past, and the retail includes approximately 25' of Lincoln Avenue frontage.

The property is located directly across from the historic Biograph Theater and steps from the 6-way intersection of Lincoln, Fullerton & Halsted, home of DePaul University, as well as the new Lincoln Commons project by McCaffery.

Above the retail is a high-performing, 5-star luxury short-term rental (STR) 6-bedroom/4-bath townhouse/duplex, which currently contributes to local traffic for the ground-floor retail.

Key Highlights

  • 2400 SF retail space plus 1000 SF basement
  • 25' frontage on Lincoln Ave, just north of Fullerton
  • Located directly across from the historic Biograph Theater

Property Analytics

Current Use

Bank of America Video ... Bank Bank of America ATM Financial Planner

Suggested Use

Top Pick Law Firm Food Market (Bike/Boat/Book/etc) Store Accounting Firm Grocery & Convenience Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,637
Businesses Nearby

Demographics for 60614, IL

73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Bank - 2400 SF retail with a 1000 SF basement and 25' Lincoln Avenue frontage across from Biograph Theater.
Where is this bank located?
The property is located at 2428 N Lincoln Ave Chicago, IL.
What are key features of this property?
This property features: 2400 SF retail space plus 1000 SF basement; 25' frontage on Lincoln Ave, just north of Fullerton; Located directly across from the historic Biograph Theater
More about this property
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