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Lincoln Avenue Storefront Investment Opportunity

3740 N Lincoln Avenue, Chicago, IL 60613

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For Sale

$670,000

Commercial space with established tenants, attractive CAP rate, rent escalations.

Type:Commercial

Property size:

3,100 SF

Price / SF:

$216/SF

HighLights

Impressive 8.74% CAP rate.
Established tenants with newer 5‑year leases extending to 2030.
3,100 sq ft of commercial space divided into two storefronts on Lincoln Avenue.
130 ft of road frontage providing tremendous exposure and natural light.
Two deeded garage parking spaces included.
Ideally located 1 mile west of Wrigley Field and a 6‑minute walk to the Addison Brown Line.

We can help!

Listing Contact

KIERAN FAHY

For Sale

$670,000

Commercial space with established tenants, attractive CAP rate, rent escalations.

Type:Commercial

Property size:

3,100 SF

Price / SF:

$216/SF

Added:: Feb 11, 2026
Days on Market:: 125
Last Refresh:: Apr 5 at 9:08 pm

Property Features for 3740 N Lincoln Avenue

General Information

Standard status: Active
Size: 3,100 SF
Property subtype: Commercial

Building Details

Year Built: 2006

We can help!

Listing Contact

KIERAN FAHY

Listing agent KIERAN FAHY

Listing office FAHY REAL ESTATE INC

Listing date Feb 11, 2026

Source Corcoran

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 FAHY REAL ESTATE INC

HighLights

Impressive 8.74% CAP rate.
Established tenants with newer 5‑year leases extending to 2030.
3,100 sq ft of commercial space divided into two storefronts on Lincoln Avenue.
130 ft of road frontage providing tremendous exposure and natural light.
Two deeded garage parking spaces included.
Ideally located 1 mile west of Wrigley Field and a 6‑minute walk to the Addison Brown Line.

Overview

This commercial property features 3,100 square feet of space divided into two individual storefronts on Lincoln Avenue. The property is offered as an investment opportunity with established tenants since 2019, holding newer 5-year leases extending until 2030. The building boasts over 130 feet of road frontage, providing significant exposure and ample natural light for both spaces. Both storefronts were built out between 2019 and 2020, featuring updated flooring, bathrooms, and paint. A new full tear-off roof was installed in 2021. The property includes two deeded garage parking spaces. The property is situated approximately 1 mile west of Wrigley Field and a 6-minute walk to the Addison brown line. A management company is in place, offering continuity for the new owner, if desired. The property is offered with annual rent escalations.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$67.0k	$21.60
− Vacancy	−$5.7k	−$1.84
EGI	$61.3k	$19.76
− OpEx	−$18.4k	−$5.93
NOI	$42.9k	$13.83

3,100 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$612.7K

$536.1K – $714.8K (±1% cap)

NOI $42,888 @ 7.0% cap · market cap 6.40%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.46M

$1.28M – $1.71M (±1% cap)

NOI $102,315 @ 7.0% cap · market cap 15.27%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Botanical Cafe Cafe & Coffee Shop

Suggested Use

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Magic Flowers Chicago — 1627 W Belmont Ave, Chicago, IL 60657
Alice's Premier Florist and Special Event Design — 1800 W Cuyler Ave #2e, Chicago, IL 60613

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.676
Latitude: 41.9499

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For sale
Storefront properties
IL
Chicago
60613
3740 N Lincoln Avenue

What type of property is this?

Storefront property - Commercial space with established tenants, attractive CAP rate, rent escalations.

Where is this storefront property located?

The property is located at 3740 N Lincoln Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $670,000.

What are key features of this property?

This property features: Impressive 8.74% CAP rate.; Established tenants with newer 5‑year leases extending to 2030.; 3,100 sq ft of commercial space divided into two storefronts on Lincoln Avenue.