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    Lincoln Park Investment Opportunity Title is generated by Realmo AI

    2768 N Lincoln Ave, Chicago, IL

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    Investment property in Chicago's desirable Lincoln Park neighborhood.

    Type:RETAIL
    Property size:
    10,500 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $176/SF
    Added:
    Oct 13, 2025
    Days on Market:
    266
    Last Refresh:
    May 20 at 9:08 pm

    Property Features for 2768 N Lincoln Ave

    General Information

    Standard status
    Active
    Size
    10,500 SF
    Lot size
    0.14 Acres
    Property subtype
    RETAIL

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    Vern Schultz, SIOR

    Listing office Colliers | Chicago Rosemont

    Listing date Oct 13, 2025

    Source Moodyscre

    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

    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
    • Well‑maintained building requiring no deferred maintenance
    • Unique investment opportunity
    • Desirable Northside location

    Overview

    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.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $226.8k $21.60
    − Vacancy −$19.3k −$1.84
    EGI $207.5k $19.76
    − OpEx −$62.3k −$5.93
    NOI $145.3k $13.83
    10,500 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

    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 local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Second Act Clothing & Fashion Store

    Suggested Use

    Food Market Coworking & Hybrid Office (Bike/Boat/Book/etc) Store Home Appliance Store Nursing Home (Bike/Boat/Book/etc) Store Butcher Adult Day Care Tattoo & Piercing Shop Clothing & Fashion Store

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

    Similar Places Nearby

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    • Flower of the Dragon Productions — 2936 N Southport Ave, Chicago, IL 60657

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6584
    Latitude
    41.932

    FAQs

    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 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
    (312) 613-1877 Call to check price and availability
    More about this property
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