Spa and Retail Storefront
For Sale
Contact for pricing
3125 N Lincoln Avenue C, Chicago, IL 60657
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 Market145
Property Features for 3125 N Lincoln Avenue C
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Retail
Zoning
RTAIL
Building Details
Year Built
2002
Stories
4
Listing Agency:
Compass
(773) 295-4387
Listed By:
Amy Duong · License #471005863
Source:
Crexi
Added: Mar 22
Changed: Aug 8
Last Checked: Aug 12 at 12:54PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,747
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
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
