Storefront Space with Central
For Sale
Under Contract
$250,000
2936 N Lincoln Avenue, Chicago, IL 60657
COMMERCIAL - Chicago, IL
Property Size950 SF
Lot Size0.07 Acres
Price / SF$263.16
Days on Market51
Property Features for 2936 N Lincoln Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
RTAIL
Directions
LAKESHORE DR. TO FULLERTON AVE, FULLERTON WEST TO LINCOLN AVE, LINCOLN NORTH TO PROPERTY
Subdivision
CHI - Lake View
Standard status
Active Under Contract
APN
14291220600000
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9488
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Building Details
Year built
2006
Floors in Building
5
Number of units
10
Flooring type
Tile, Concrete, Wood
Building materials
Brick
Roof type
Rubber
Listing Agency:
Keller Williams ONEChicago · Keller Williams Realty
(312) 216-2422
Listed By:
Dennis Huyck · License #475124186
(312) 216-2422
Added: Jun 22
Changed: Aug 4
Last Checked: Aug 11 at 10:06PM
MLS# 12684358
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
2936 N Lincoln Avenue presents a 950-square-foot storefront space within a brick commercial building, constructed in 2006. The space includes central air cooling and flooring finished with concrete, tile, and wood. The roof is rubber, and natural gas is available.
The property is located at the intersection of Lincoln Park and Lakeview (Chicago, IL 60657). Surrounding businesses mentioned include Heritage Coffee and Bikes, the Athenaeum Theatre, Three Avenues Bookshop, and Farm Bar, placing the space in a dense neighborhood corridor.
With its compact, street-accessible size, the space is described as suitable for a range of neighborhood-oriented uses, including therapy or wellness practice, a small retail concept, a creative studio, a consulting office, a think tank, or a yoga or movement studio. Zoning is listed as RTAIL and the lot size is 0.0717 acres.
The property is located at the intersection of Lincoln Park and Lakeview (Chicago, IL 60657). Surrounding businesses mentioned include Heritage Coffee and Bikes, the Athenaeum Theatre, Three Avenues Bookshop, and Farm Bar, placing the space in a dense neighborhood corridor.
With its compact, street-accessible size, the space is described as suitable for a range of neighborhood-oriented uses, including therapy or wellness practice, a small retail concept, a creative studio, a consulting office, a think tank, or a yoga or movement studio. Zoning is listed as RTAIL and the lot size is 0.0717 acres.
Key Highlights
- 950‑square‑foot storefront space in a brick building
- 0.0717 acres lot size
- Year built: 2006
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,143
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$262,860
$262.9K
Cap Rate 7%
$187,757
$187.8K
Cap Rate 9%
$146,033
$146.0K
Market Conditions
NOI Build-Up for 950 SF
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.
Gross rent
$20.5K $21.60/SF
− Vacancy
−$1.7K −$1.84/SF
EGI
$18.8K $19.76/SF
− OpEx
−$5.6K −$5.93/SF
NOI
$13.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$262,860
Cap Rate 7%
$187,757
Cap Rate 9%
$146,033
Alternative Uses
Best Use
Retail
$187.8K
$164.3K – $219.1K
NOI $13,143 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.9K
$391.9K – $522.6K
NOI $31,355 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,088
Businesses Nearby
323k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Dining 27%
Shops & Services 13%
Superstores 10%
Whole Foods Market
Groceries
64,387 visits/mo
0.1 miles
Jewel-Osco
Groceries
55,541 visits/mo
0.2 miles
McDonald's
Dining
36,369 visits/mo
0.4 miles
Target
Superstores
32,877 visits/mo
0.2 miles
Chase Bank
Shops & Services
12,865 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
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Brick storefront with central air and natural gas available at 2936 N Lincoln Avenue in Chicago.
Where is this storefront property located?
The property is located at 2936 N Lincoln Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 950‑square‑foot storefront space in a brick building; 0.0717 acres lot size; Year built: 2006
