Retail
New
For Sale
$305,000
3125 N Lincoln Avenue, Chicago, IL 60657
Commercial Sale, Chicago, IL
Property Size1,200 SF
Lot Size0.03 Acres
Price / SF$254.17
Days on Market2
Property Features for 3125 N Lincoln Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
RTAIL
Directions
Diversey to Lincoln N to property
Subdivision
CHI - Lake View
Standard status
Active
APN
14291000471001
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
8201
Utilities
Cooling system
Central Air
Building Details
Year built
2002
Floors in Building
4
Listing Agency:
Compass
(312) 206-3787
Listed By:
Amy Duong · License #471005863
(773) 295-4387
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 8 at 9:06PM
MLS# 12780457
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.
This Chicago retail space was built in 2002 and is equipped with central air conditioning. The premises were previously used as a nail salon.
The property is at 3125 N Lincoln Avenue, near Belmont, Lincoln and Ashland. Its prior salon use and existing cooling system are practical details for evaluating the space.
The property is at 3125 N Lincoln Avenue, near Belmont, Lincoln and Ashland. Its prior salon use and existing cooling system are practical details for evaluating the space.
Key Highlights
- Central air conditioning
- Built in 2002
- Previously used as a nail salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,602
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,040
$332.0K
Cap Rate 7%
$237,171
$237.2K
Cap Rate 9%
$184,467
$184.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$2.2K −$1.84/SF
EGI
$23.7K $19.76/SF
− OpEx
−$7.1K −$5.93/SF
NOI
$16.6K $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%
$332,040
Cap Rate 7%
$237,171
Cap Rate 9%
$184,467
Alternative Uses
Best Use
Retail
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,367
Businesses Nearby
339k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Dining 25%
Shops & Services 17%
Superstores 10%
Whole Foods Market
Groceries
64,387 visits/mo
0.2 miles
Jewel-Osco
Groceries
55,541 visits/mo
0.3 miles
McDonald's
Dining
36,369 visits/mo
0.4 miles
Target
Superstores
32,877 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The space has central air conditioning and was built in 2002.
Where is this retail space located?
The property is located at 3125 N Lincoln Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Central air conditioning; Built in 2002; Previously used as a nail salon
