Corner Storefront with Two-Sided
For Sale
Contact for pricing
2800 N Lincoln Avenue, Chicago, IL 60657
Ground-floor retail space sits within a four-story condominium building at a six-corner intersection.
Property Size1,500 SF
Price / SF$0.02
Days on Market21
Property Features for 2800 N Lincoln Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Neighborhood Storefront
Site & Location
Neighborhood
Lakeview
Corner Location
Yes
Additional Details
Floor
Ground
Currently Operating
Yes
Building Details
Year Built
2018
Stories
4
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Kyle Bowen · License #475177873
(219) 902-7427
Source:
Helenoliveri
Added: Oct 12
Changed: Oct 31
Last Checked: Oct 31 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 McColly Real Estate
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Investment Insights
Based on property information with market context.
This approximately 1,500-square-foot storefront occupies the ground floor of Lincoln Point, a four-story condominium building completed in 2018. Windows on two sides and high ceilings shape the interior, which is currently used as a coffee shop. The space may accommodate other retail, boutique, showroom, or service concepts, subject to applicable approvals.
The storefront is at the intersection of Lincoln Avenue, Racine Avenue, and Diversey Parkway in Chicago. Dining, shopping, entertainment, and residential development surround the property, at the meeting point of the Lincoln Park and Lakeview areas.
The storefront is at the intersection of Lincoln Avenue, Racine Avenue, and Diversey Parkway in Chicago. Dining, shopping, entertainment, and residential development surround the property, at the meeting point of the Lincoln Park and Lakeview areas.
Key Highlights
- Approximately 1,500 square feet of ground‑floor retail space
- Corner position at Lincoln Avenue, Racine Avenue, and Diversey Parkway
- Windows along two sides and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,752
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,040
$415.0K
Cap Rate 7%
$296,457
$296.5K
Cap Rate 9%
$230,578
$230.6K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$2.8K −$1.84/SF
EGI
$29.6K $19.76/SF
− OpEx
−$8.9K −$5.93/SF
NOI
$20.8K $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%
$415,040
Cap Rate 7%
$296,457
Cap Rate 9%
$230,578
Alternative Uses
Best Use
Specialty Retail
$398.8K
$349.0K – $465.3K
NOI $27,918 @ 7.0% cap · market cap 96,268.97%
Second Best
Retail
$296.5K
$259.4K – $345.9K
NOI $20,752 @ 7.0% cap · market cap 71,558.62%
Theoretical Best
Office A
$707.2K
$618.8K – $825.1K
NOI $49,507 @ 7.0% cap · market cap 170,713.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,969
Businesses Nearby
120k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 46%
Home Improvements & Furnishings 3%
Apparel 1%
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
0.4 miles
Shell
Shops & Services
9,185 visits/mo
0.5 miles
Qdoba Mexican Grill
Dining
7,929 visits/mo
0.3 miles
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
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Market
Vacancy Rate% for Retail in Chicago, IL
Similar Off Market Nearby
- 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
- Les Fleurs du Mal — 915 W Belmont Ave, Chicago, IL 60657
Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor retail space sits within a four-story condominium building at a six-corner intersection.
Where is this storefront property located?
The property is located at 2800 N Lincoln Avenue Chicago, IL.
What are key features of this property?
This property features: Approximately 1,500 square feet of ground‑floor retail space; Corner position at Lincoln Avenue, Racine Avenue, and Diversey Parkway; Windows along two sides and high ceilings
