Spa and Retail Storefront
3125 N Lincoln Avenue C Chicago, IL 60657
3125 N Lincoln Avenue C, Chicago, IL, 60657
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For Sale
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Versatile 1,200-square-foot space previously used as a nail salon, suited for office, spa, or similar uses.
Property Size1,200 SF
Price / SF$300
Days on Market122
Property Features for 3125 N Lincoln Avenue C
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing agency
Compass
(773) 295-4387
Listed by
Amy Duong · License #471005863
Source
Crexi
Added: Mar 22 Updated: Jul 21 at 12:10AM Checked: Jul 21 at 12:10AM
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 Compass
Investment Insights
Based on property information with market context.
This 1,200-square-foot storefront suite at 3125 N Lincoln Avenue C, Chicago, IL 60657 is offered for lease or for sale. The space was previously used as a nail salon and is currently configured as an open, adaptable environment that can support a range of business uses.
The property is located near the Belmont/Lincoln/Ashland area, positioned for day-to-day visibility within a well-traveled commercial corridor.
Because the suite is described as a blank canvas, it can be tailored to a new tenant’s concept and layout within the overall storefront configuration.
The property is located near the Belmont/Lincoln/Ashland area, positioned for day-to-day visibility within a well-traveled commercial corridor.
Because the suite is described as a blank canvas, it can be tailored to a new tenant’s concept and layout within the overall storefront configuration.
Key Highlights
- 1,200 sq. ft. commercial space previously used as a nail salon
- Versatile layout suited for office, nail salon, spa, or similar uses
- Year built: 2002
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 | $46.1k | $38.40 |
| − Vacancy | −$11.8k | −$9.79 |
| EGI | $34.3k | $28.61 |
| − OpEx | −$8.6k | −$7.15 |
| NOI | $25.7k | $21.46 |
1,200 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$367.8K
$321.8K – $429.1K
NOI $25,747 @ 7.0% cap · market cap 7.15%
Second Best
Retail
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Spa Spot
Hair Salon
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Similar Off Market Nearby
- Angels Cheeks Chicago Flower Shop — 1831 W Belmont Ave suite 1B, Chicago, IL 60657
- Les Fleurs du Mal — 915 W Belmont Ave, Chicago, IL 60657
- Luna Flowers Lakeview — 3226 N Sheffield Ave, Chicago, IL 60657
- Magic Flowers Chicago — 1627 W Belmont Ave, Chicago, IL 60657
- Flower of the Dragon Productions — 2936 N Southport Ave, Chicago, IL 60657
FAQs
What type of property is this?
Storefront property - Versatile 1,200-square-foot space previously used as a nail salon, suited for office, spa, or similar uses.
Where is this storefront property located?
The property is located at 3125 N Lincoln Avenue C Chicago, IL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 1,200 sq. ft. commercial space previously used as a nail salon; Versatile layout suited for office, nail salon, spa, or similar uses; Year built: 2002
