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Zoned B3-2 Lakeview Development Land
For Sale
$750,000
Pending

2965 North Lincoln Avenue, Chicago, IL 60657

For-sale development land zoned B3-2 near Wellington 'L' station redevelopment, with seller financing options.

Property SizeContact for details
Days on Market410

Property Features for 2965 North Lincoln Avenue

General Information

Standard status Pending
Zoning COMMR
Net Operating Income $68,341

Taxes and HOA fees

Annual Taxes $16,060

Building Details

Year Built 1889
Stories 3
Listing Agency: GC Realty and Development
Listed By: Maria Regalado · License #475194133
Source: Compass
Added: Jul 11, 2025 Changed: Aug 8 Last Checked: Jul 24 at 3:16PM

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 GC Realty and Development

Investment Insights

Based on property information with market context.

This for-sale parcel at 2965 North Lincoln Avenue in Chicago is being offered for development bidding now. The property is described as a lakeview location and is zoned B3-2, providing a defined land-use basis for prospective development planning.

The seller also indicates the parcel is approximately 0.6 miles from the Wellington ‘L’ station redevelopment. Seller financing options are referenced in the offering remarks, which may be useful for qualified buyers structuring their purchase.

Interested parties should review the zoning requirements and redevelopment details applicable to the site and the nearby station project.

Key Highlights

  • Development land zoned B3‑2 near Wellington 'L' station redevelopment
  • 0.6 mi to Wellington 'L' station redevelopment
  • Seller financing options available

Property Analytics

Current Use

Dear Margaret Restaurant

Suggested Use

Top Pick Law Firm Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Accounting Firm Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,523
Businesses Nearby
262k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 46% Dining 28% Shops & Services 22% Beauty & Spa 2%
Whole Foods Market Groceries
64,387 visits/mo 0.4 miles
Jewel-Osco Groceries
55,541 visits/mo 0.4 miles
McDonald's Dining
36,369 visits/mo 0.4 miles
Shell Shops & Services
14,072 visits/mo 0.3 miles
Chipotle Mexican Grill Dining
12,035 visits/mo 0.4 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

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - For-sale development land zoned B3-2 near Wellington 'L' station redevelopment, with seller financing options.
Where is this commercial land located?
The property is located at 2965 North Lincoln Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Development land zoned B3‑2 near Wellington 'L' station redevelopment; 0.6 mi to Wellington 'L' station redevelopment; Seller financing options available
More about this property
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