Lincoln Park Retail
For Sale
$3,450,000
2440 N Lincoln Avenue, Chicago, IL 60614
Prime retail location in the heart of Lincoln Park.
Property Size12,000 SF
Days on Market166
Property Features for 2440 N Lincoln Avenue
General Information
Standard status
Active
Size
12,000 SF
Zoning
MULTI
Taxes and HOA fees
Annual Taxes
$81,512
Amenities
Central Air
Building Details
Building Size
12,000 SF
Year Built
1925
Stories
2
Listing Agency:
Mark B. Weiss Real Estate
Listed By:
Mark Weiss · License #471007694
(312) 617-3630
Source:
Evrealestate
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 8 at 2:26PM
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 Mark B. Weiss Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of Lincoln Park, this commercial real estate is situated north of the intersection of Lincoln, Fullerton, and Halsted, across from the Biograph Theatre and steps from the campus of DePaul University. The property is suitable for storefront and retail purposes.
Key Highlights
- Prime Lincoln Park location
- Steps from DePaul University
- Across from the Biograph Theatre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,018
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,320,360
$3.3M
Cap Rate 7%
$2,371,686
$2.4M
Cap Rate 9%
$1,844,644
$1.8M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$259.2K $21.60/SF
− Vacancy
−$22.0K −$1.84/SF
EGI
$237.2K $19.76/SF
− OpEx
−$71.2K −$5.93/SF
NOI
$166.0K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,320,360
Cap Rate 7%
$2,371,686
Cap Rate 9%
$1,844,644
Alternative Uses
Best Use
Retail
$2.37M
$2.08M – $2.77M
NOI $166,018 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.66M
$4.95M – $6.60M
NOI $396,058 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,637
Businesses Nearby
331k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Groceries 20%
Shops & Services 18%
Superstores 10%
Trader Joe's
Groceries
43,874 visits/mo
0.4 miles
Target
Superstores
33,595 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
30,960 visits/mo
0.3 miles
McDonald's
Dining
29,548 visits/mo
0.4 miles
The Fresh Market
Groceries
23,763 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
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Similar Off Market Nearby
- Nancy Krause Floral Design & Garden Antiques — 1214 w webster ave, chicago, il 60614
- Blush Boutique De Fleurs — 2446 N Clark St, Chicago, IL 60614
- Halsted Flowers, LLC — 2725 N Halsted St, Chicago, IL 60614
Frequently Asked Questions
What type of property is this?
Storefront property - Prime retail location in the heart of Lincoln Park.
Where is this storefront property located?
The property is located at 2440 N Lincoln Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Prime Lincoln Park location; Steps from DePaul University; Across from the Biograph Theatre
