Listing Agency: Colliers | Chicago Rosemont Show Phone

Listed By: Vern Schultz, SIOR Show Phone

Source: Moodyscre

Added: Oct 13, 2025 Changed: Sep 13 Last Checked: Oct 5 at 7:19PM

Report an Issue

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 Colliers | Chicago Rosemont

Investment Insights

Based on property information with market context.

This property presents a unique investment opportunity in the highly desirable Lincoln Park area on Chicago’s Northside. Lincoln Park is recognized as a premier submarket in Chicago, characterized by high income levels. The building is well-maintained, with no deferred maintenance required. Tenants have occupied their spaces for over 5 years, with each business experiencing rewarding financial returns for the owners. The property size is 10500 square feet.

Key Highlights

• Located in Lincoln Park, Chicago's premier submarket with the highest income
• Investment asset with established, financially successful tenants
• Tenants have occupied their spaces for over 5 years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$145,265

Cap Rate

7.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,905,300 $2.9M

Cap Rate 7%

$2,075,214 $2.1M

Cap Rate 9%

$1,614,056 $1.6M

Market Conditions

NOI Build-Up for 10,500 SF

Gross rent

$226.8K $21.60/SF

− Vacancy

−$19.3K −$1.84/SF

EGI

$207.5K $19.76/SF

− OpEx

−$62.3K −$5.93/SF

NOI

$145.3K $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%

$2,905,300

Cap Rate 7%

$2,075,214

Cap Rate 9%

$1,614,056

Alternative Uses

Best Use

Retail

$2.08M

$1.82M – $2.42M (±1% cap)

NOI $145,265 @ 7.0% cap · market cap 7.85%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.95M

$4.33M – $5.78M (±1% cap)

NOI $346,550 @ 7.0% cap · market cap 18.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Home Appliance Store Butcher Coworking & Hybrid Office Tattoo & Piercing 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.

Location Intelligence

Trade Area within ½ mile

6,761

Businesses Nearby

142k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 50% Dining 32% Groceries 17% Apparel 1%

The Fresh Market Groceries

23,763 visits/mo 0.5 miles

Shell Shops & Services

14,072 visits/mo 0.1 miles

Chipotle Mexican Grill Dining

12,035 visits/mo 0.5 miles

Lou Malnati's Pizzeria Dining

11,245 visits/mo 0.3 miles

Mobil Shops & Services

10,234 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019

9.2% 2020

8.8% 2021

8.1% 2022

7% 2023

6.6% 2024

7.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Historic Storefront Property with Alley Access

1122-26 West Bryn Mawr Avenue, Chicago, IL 60660

$1,950,000

View details

Brick Convenience Store Building

5132 S Racine Avenue, Chicago, IL 60609

$1,300,000

11,400 SF

View details

Mixed-Use Building with Two Commercial Spaces

5256 W Irving Park Rd, Chicago, IL 60641

$1,350,000

9,472 SF

View details

Retail/Office Building with Value-Add

3934 W 26th Street, Chicago, IL 60623

$1,300,000

12,000 SF

View details

Corner Storefront Property with Flexible Layout

50 E 16th Street C-1a, Chicago, IL 60616

$1,890,000

7,000 SF

View details

Lincoln Park Retail Opportunity

2440 N Lincoln Avenue, Chicago, IL 60614

$3,450,000

View details

Retail Storefront with Lease Extension

4625 S Pulaski Rd, Chicago, IL 60632

$1,958,000

6,974 SF

View details

Corner Mixed-Use Building

2100 N Hoyne Ave, Chicago, IL 60647

$1,825,000

View details

Two-Unit Retail Storefront

4817-4819 W Irving Park Rd, Chicago, IL 60641

$1,899,000

View details

Automotive Building With Mezzanine

6243 N Clark Street, Chicago, IL 60660

$1,100,000

8,000 SF

View details

Leased Strip Mall

5159 W Diversey Avenue, Chicago, IL 60639

$1,199,000

7,600 SF

View details

Mixed-Use Building with Storefronts

3034 W Montrose Ave, Chicago, IL 60618

$1,399,000

6,500 SF

View details

Similar Off Market Nearby

• Nancy Krause Floral Design & Garden Antiques — 1214 w webster ave, chicago, il 60614
• Cattails Inc — 1434 W Fullerton Ave, Chicago, IL 60614
• Halsted Flowers, LLC — 2725 N Halsted St, Chicago, IL 60614
• Flower of the Dragon Productions — 2936 N Southport Ave, Chicago, IL 60657
• Magic Flowers Chicago — 1627 W Belmont Ave, Chicago, IL 60657

Frequently Asked Questions

What type of property is this?

Storefront property - Investment property in Chicago's desirable Lincoln Park neighborhood.

Where is this storefront property located?

The property is located at 2768-2770 N Lincoln Ave Chicago, IL.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: Located in Lincoln Park, Chicago's premier submarket with the highest income; Investment asset with established, financially successful tenants; Tenants have occupied their spaces for over 5 years