Lincoln Park Investment
2768-2770 N Lincoln Ave Chicago, IL
For Sale
Contact for pricing
Investment property in Chicago's desirable Lincoln Park neighborhood.
Property Size10,500 SF
Lot Size0.14 Acres
Price / SF$176.19
Days on Market284
Property Features for 2768-2770 N Lincoln Ave
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Lot size
- 0.14 Acres
- Property subtype
- RETAIL
Listing Agency:
Colliers | Chicago Rosemont
(312) 613-1877
Listed By:
Vern Schultz, SIOR
(312) 613-1877
Source:
Moodyscre
Added: Oct 13, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:44AM
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 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
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
NOI $346,550 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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- Flower of the Dragon Productions — 2936 N Southport Ave, Chicago, IL 60657
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 2768-2770 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
