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    2020 N Lincoln St, Unit CU1 Chicago, IL 60614

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    For Sale
    $375,000

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

    Property Features for 2020 N Lincoln St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1971

    Source: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO Agent ARIEL MARINI

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

    Overview

    Lincoln Park Commercial Condo Opportunity

    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.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Red Carpet Caterin, FH Jerk, Lenore's Kitchen Catering Inc, JA2 Catering

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6685795
    Latitude
    41.6688014

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    FAQs

    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 St, Unit 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.
    Request Owner's contact information
    2020 N Lincoln St, Unit CU1 Chicago, IL 60614
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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
    2020 N Lincoln St, Unit CU1 Chicago, IL 60614
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