Boutique Retail and Office
2936 N Lincoln Avenue #1N Chicago, IL 60657
2936 N Lincoln Avenue #1N, Chicago, IL, 60657
$250,000
For Sale
$250,000
Ground-floor commercial suite in a boutique building on a neighborhood intersection, suited for retail, wellness, or creative use.
Property Size950 SF
Price / SF$263.16
Days on Market31
Property Features for 2936 N Lincoln Avenue #1N
General Information
- Standard status
- Active
- Size
- 950 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing agency
Keller Williams ONEChicago
(312) 216-2422
Listed by
Dennis Huyck · License #475124186
(312) 216-2422
Source
Birdrealtysells
Added: Jun 22 Updated: Jul 21 at 10:11AM Checked: Jul 21 at 10:11AM
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 Keller Williams ONEChicago
Investment Insights
Based on property information with market context.
This ground-floor commercial space is located within a boutique building and features a warm, residential feel. With a small, 950-square-foot layout, the suite is well suited for a variety of neighborhood-oriented concepts, including therapy or wellness practices, a small retail concept, a creative studio, or a consulting office.
The property is situated at the intersection of Lincoln Park and Lakeview, with nearby local businesses including Heritage Coffee and Bikes, Athenaeum Theatre, Three Avenues Bookshop, and Farm Bar. The surrounding mix of destinations supports consistent neighborhood activity.
Offered as a single suite, the space is designed to function as an approachable storefront-style environment while remaining flexible for office or studio-style uses.
The property is situated at the intersection of Lincoln Park and Lakeview, with nearby local businesses including Heritage Coffee and Bikes, Athenaeum Theatre, Three Avenues Bookshop, and Farm Bar. The surrounding mix of destinations supports consistent neighborhood activity.
Offered as a single suite, the space is designed to function as an approachable storefront-style environment while remaining flexible for office or studio-style uses.
Key Highlights
- 950 SF ground‑floor commercial suite in a boutique building
- Year built: 2006
- Located at the intersection of Lincoln Park and Lakeview in Chicago
Local Financial Insights For Office B
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 | $36.5k | $38.40 |
| − Vacancy | −$9.3k | −$9.79 |
| EGI | $27.2k | $28.61 |
| − OpEx | −$6.8k | −$7.15 |
| NOI | $20.4k | $21.46 |
950 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$291.2K
$254.8K – $339.7K
NOI $20,383 @ 7.0% cap · market cap 8.15%
Second Best
Retail
$187.8K
$164.3K – $219.1K
NOI $13,143 @ 7.0% cap · market cap 5.26%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Raymond James Financial ...
Financial Advisor
Next Health Choice, ...
(Bike/Boat/Book/etc) Store
Tide Cleaners
(Bike/Boat/Book/etc) Store
Helping Children of Abuse, ...
Association Or Organization
Rebel Lash & Brow ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Angels Cheeks Chicago Flower Shop — 1831 W Belmont Ave suite 1B, Chicago, IL 60657
- Magic Flowers Chicago — 1627 W Belmont Ave, Chicago, IL 60657
- Halsted Flowers, LLC — 2725 N Halsted St, Chicago, IL 60614
- Cattails Inc — 1434 W Fullerton Ave, Chicago, IL 60614
- Flower of the Dragon Productions — 2936 N Southport Ave, Chicago, IL 60657
FAQs
What type of property is this?
Storefront property - Ground-floor commercial suite in a boutique building on a neighborhood intersection, suited for retail, wellness, or creative use.
Where is this storefront property located?
The property is located at 2936 N Lincoln Avenue #1N 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 SF ground‑floor commercial suite in a boutique building; Year built: 2006; Located at the intersection of Lincoln Park and Lakeview in Chicago
