Retail
3355 N LINCOLN AVE, Chicago, IL 60657
For Sale
Contact for pricing
Pending
Retail space within a commercial property constructed in 2016.
Property Size10,817 SF
Days on Market108
Property Features for 3355 N LINCOLN AVE
General Information
Standard status
Size
Property subtype
Lease Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Stories
Units
Listing Agency:
Greenstone Partners
Listed By:
Tom Galvin · License IL #475181636
(630) 748-9416
Source:
Crexi
Added: Jul 28
Changed: Nov 9
Last Checked: Nov 12 at 6:26AM
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 Greenstone Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property offers 10,817 square feet of commercial space in a building completed in 2016. The asset is located at 3355 N Lincoln Ave in Chicago, Illinois, providing a defined retail setting within the city.
Key Highlights
- 10,817 square feet of retail space
- Building completed in 2016
- Located at 3355 N Lincoln Ave, Chicago, IL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,651
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,993,020
$3.0M
Cap Rate 7%
$2,137,871
$2.1M
Cap Rate 9%
$1,662,789
$1.7M
Market Conditions
NOI Build-Up for 10,817 SF
Gross rent
$233.6K $21.60/SF
− Vacancy
−$19.9K −$1.84/SF
EGI
$213.8K $19.76/SF
− OpEx
−$64.1K −$5.93/SF
NOI
$149.7K $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%
$2,993,020
Cap Rate 7%
$2,137,871
Cap Rate 9%
$1,662,789
Alternative Uses
Best Use
Retail
$2.14M
$1.87M – $2.49M
NOI $149,651 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.10M
$4.46M – $5.95M
NOI $357,013 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,334
Businesses Nearby
329k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Shops & Services 26%
Superstores 10%
Apparel 9%
Whole Foods Market
Groceries
64,387 visits/mo
0.3 miles
Trader Joe's
Groceries
34,539 visits/mo
0.5 miles
Target
Superstores
32,877 visits/mo
0.2 miles
Pet Supplies Plus
Shops & Services
30,736 visits/mo
0.5 miles
Jewel-Osco
Groceries
30,208 visits/mo
0.5 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
$534,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Chicago, IL
Properties on Market for Retail space in Chicago
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Retail space within a commercial property constructed in 2016.
Where is this retail space located?
The property is located at 3355 N LINCOLN AVE Chicago, IL.
What is the asking price?
The asking price for this property is $4,564,000.
What are key features of this property?
This property features: 10,817 square feet of retail space; Building completed in 2016; Located at 3355 N Lincoln Ave, Chicago, IL
