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Retail Space with Basement
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2428 N LINCOLN Avenue, Chicago, IL 60614

Commercial Lease, Chicago, IL

Space Size2,400 SF
Lot Size0.06 Acres
Days on Market307

Property Features for 2428 N LINCOLN Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning RTAIL
Directions LINCOLN AVE, JUST NORTH OF FULLERTON
Subdivision CHI - Lincoln Park
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 17290

Utilities

Cooling system Central Air

Amenities

luxury Short Term Rental above

Building Details

Year built 1902
Floors in Building 1
Building materials Brick
Listing Agency: Jameson Sotheby's Intl Realty
Listed By: Jason Hiller · License #475158547
Added: Oct 20, 2025 Changed: Aug 20 Last Checked: Aug 22 at 11:06PM
MLS# 12498514

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The offering includes 2,400 SF of retail space along with a 1,000 SF basement at 2428 N Lincoln Avenue. The property has 25 feet of Lincoln Avenue frontage, brick construction, and central air. Multiple restaurants previously operated from the space, supporting a range of potential retail or food-service configurations without limiting the property to a single use.

The site is directly across from the historic Biograph Theater and near the six-way intersection of Lincoln, Fullerton, and Halsted. DePaul University and the Lincoln Commons project by McCaffery are identified in the surrounding context. The current Bank of America retail tenant is scheduled to vacate in December 2025. A 6bd/4bth short-term-rental townhouse/duplex occupies the space above the retail component.

Key Highlights

  • 2,400 SF retail space plus a 1,000 SF basement
  • 25' of Lincoln Avenue frontage
  • Directly across from the historic Biograph Theater

Property Analytics

Current Use

Bank of America Video ... Bank Bank of America ATM Atm

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

Lease Benchmarks for Chicago, IL

$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Retail space - Street-facing commercial space with prior restaurant use and a lower-level area for additional operational or storage needs.
Where is this retail space located?
The property is located at 2428 N LINCOLN Avenue Chicago, IL.
What are key features of this property?
This property features: 2,400 SF retail space plus a 1,000 SF basement; 25' of Lincoln Avenue frontage; Directly across from the historic Biograph Theater
More about this property
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