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Lincoln Park Commercial Condo Opportunity
For Sale
$375,000

2020 N Lincoln #CU1, Chicago, IL 60614

Prime 4,650 SF commercial condo in high-demand Lincoln Park.

Property SizeContact for details
Days on Market443

Property Features for 2020 N Lincoln #CU1

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $45,375

Building Details

Year Built 1971
Listing Agency: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO
Listed By: ARIEL MARINI · License #475151565
Source: Corcoran
Added: Jun 6, 2025 Changed: Mar 16 Last Checked: Aug 22 at 6:42AM

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 BERKSHIRE HATHAWAY HOMESERVICES CHICAGO

Investment Insights

Based on property information with market context.

This 4,650 SF ground-floor commercial condo is located in Lincoln Park. Formerly the Original Pancake House for over 25 years, the space is situated at the base of a 440-unit luxury residential building and surrounded by dense residential towers. The location is suitable for restaurant, retail, medical, office, fitness, or service-based businesses. The property features high ceilings and large windows, with signage opportunities providing visibility along Lincoln Park West. It is located near the Lincoln Park Zoo, Green City Market, Park West, and the Nature Museum, benefiting from pedestrian traffic and affluent demographics. The property has former restaurant infrastructure in place. The building association includes right of first refusal and use covenants.

Key Highlights

  • Prime Lincoln Park location with high visibility and year‑round pedestrian traffic.
  • Large 4,650 SF ground‑floor commercial condo.
  • Located at the base of a 440‑unit luxury residential building and surrounded by dense residential towers.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Skin Care Clinic Computer & Electronic Repair (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

535
Businesses Nearby
Balanced
Demand for This Use

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 Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Red Carpet Caterin Located inside Veron Point Plaza, 2024 W 119th St, Chicago, IL 60643
  • FH Jerk 1413 W 127th St, Calumet Park, IL 60827
  • Lenore's Kitchen Catering Inc 11901 S Loomis St, Chicago, IL 60643
  • JA2 Catering 11901 S Loomis St, Chicago, IL 60643

Frequently Asked Questions

What type of property is this?
Restaurant - Prime 4,650 SF commercial condo in high-demand Lincoln Park.
Where is this restaurant located?
The property is located at 2020 N Lincoln #CU1 Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Prime Lincoln Park location with high visibility and year‑round pedestrian traffic.; Large 4,650 SF ground‑floor commercial condo.; Located at the base of a 440‑unit luxury residential building and surrounded by dense residential towers.
More about this property
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