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3740 N Lincoln Ave Chicago, IL 60613

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For Sale
Contract
$670,000

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

Property Features for 3740 N Lincoln Ave

General Information

Standard status
Contract

Building Details

Year built
2006

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Listing Contact
Kieran Fahy
Source: Corcoran

Listing Agency: FAHY REAL ESTATE INC Listing Agent: Kieran Fahy

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Lincoln Avenue Storefront Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Botanical Cafe Cafe & Coffee Shop

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

Similar Places Nearby

Studio AG, Angels Cheeks Chicago Flower Shop, FloraShip, Magic Flowers Chicago, Alice's Premier Florist and Special Event Design

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6759783
Latitude
41.9498884

FAQs

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 Ave 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.
More about this property
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