Storefront Space with Salon
For Sale
$360,000
3125 N Lincoln Avenue C, Chicago, IL 60657
Commercial space with RTAIL zoning and a documented prior nail salon use.
Property Size1,200 SF
Price / SF$300
Days on Market77
Property Features for 3125 N Lincoln Avenue C
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
2002
Listing Agency:
Compass
Listed By:
Amy Duong, Trung Duong · License #471005863
(773) 295-4387
Source:
Amyboston.realtopiare
Added: Jul 31
Changed: Oct 2
Last Checked: Oct 15 at 12:30AM
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 storefront property contains 1,200 square feet and was constructed in 2002. The space previously operated as a nail salon and offers a commercial setting that may suit office, salon, or spa-related occupancy, subject to applicable approvals.
The property is located at 3125 N Lincoln Avenue, Suite C, in Chicago, near Belmont, Lincoln, and Ashland. RTAIL zoning is identified for the property.
The property is located at 3125 N Lincoln Avenue, Suite C, in Chicago, near Belmont, Lincoln, and Ashland. RTAIL zoning is identified for the property.
Key Highlights
- 1,200‑square‑foot storefront property
- RTAIL zoning
- Previously operated as a nail salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,747
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,940
$514.9K
Cap Rate 7%
$367,814
$367.8K
Cap Rate 9%
$286,078
$286.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$46.1K $38.40/SF
− Vacancy
−$11.8K −$9.79/SF
EGI
$34.3K $28.61/SF
− OpEx
−$8.6K −$7.15/SF
NOI
$25.7K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,940
Cap Rate 7%
$367,814
Cap Rate 9%
$286,078
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,367
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space with RTAIL zoning and a documented prior nail salon use.
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‑square‑foot storefront property; RTAIL zoning; Previously operated as a nail salon
