Lincoln Park Commercial Office
1725 N Burling St, Chicago, IL 60614
Two-story office building in the heart of Lincoln Park.
Type:Office
Property size:
1,809 SFPrice / SF:
$304/SF- Added:
- Feb 17, 2026
- Days on Market:
- 88
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1725 N Burling St
General Information
- Standard status
- Active
- Size
- 1,809 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing agent Tony Hardy License #IL 475.139834
Listing office KW Commercial Chicago - Lincoln Park (312) 863-8990
Listing date Feb 17, 2026
Source Crexi
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 KW Commercial Chicago - Lincoln Park
HighLights
- Modern, infrastructure‑rich commercial office building in the heart of Lincoln Park.
- ADA‑compliant wheelchair access via shared elevator with integrated keypad security and fire annunciator system.
- Cat6 network cabling throughout, central server setup, and dedicated Comcast cable line.
- Radiant floor heating, modern LED lighting, and individual HVAC controls on multiple floors.
- Large conference room, shared workspace, and personal desks on multiple levels.
- Shared rooftop access and garbage service.
Overview
This two-story commercial office building is located in the Lincoln Park neighborhood. The property is well-equipped and highly functional, presenting an opportunity for investors or owner-users seeking a modern, infrastructure-rich office. The building features a large conference room, shared workspace, and personal desks on the second and basement levels. Common space includes 2 bathrooms, a kitchen, and ample storage closets. A shared elevator with the adjacent condo building provides ADA-compliant wheelchair entry from the main lobby, as well as integrated keypad security and a fire annunciator system connected to the neighboring building. The interior offers a professional environment with radiant floor heating beneath hardwood on the first floor, modern LED recessed and track lighting, and individual HVAC controls on the first and second floor, plus a split HVAC system for the lower level. Utility infrastructure includes a main water shut-off, individual gas and electric meters, and both ejector and sump pumps. Technology is supported by Cat6 network cabling throughout all levels, a central server setup in the lower level, and a dedicated Comcast cable line. Shared elements include garbage service and building systems tied into the adjacent property, including elevator access to a shared rooftop. The property size is 1809 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$431.3K
NOI $38,814 @ 9.00% cap · cautious / downside scenario
Moderate
$554.5K
NOI $38,814 @ 7.00% cap · market / base-case scenario
Aggressive
$776.3K
NOI $38,814 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.5k | $38.40 |
| − Vacancy | −$17.7k | −$9.79 |
| EGI | $51.8k | $28.61 |
| − OpEx | −$12.9k | −$7.15 |
| NOI | $38.8k | $21.46 |
1,809 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$554.5K
$485.2K – $646.9K
NOI $38,814 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$852.9K
$746.3K – $995.1K
NOI $59,706 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Heriaud & Genin, Ltd.
Law Firm
Archidesiacs
Architect
T Andrews Construction ...
Construction Company
spearhead properties
General Contractor
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.647049
- Latitude
- 41.91285
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FAQs
What type of property is this?
Office building - Two-story office building in the heart of Lincoln Park.
Where is this office building located?
The property is located at 1725 N Burling St Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Modern, infrastructure‑rich commercial office building in the heart of Lincoln Park.; ADA‑compliant wheelchair access via shared elevator with integrated keypad security and fire annunciator system.; Cat6 network cabling throughout, central server setup, and dedicated Comcast cable line.
