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    3740 N Lincoln Ave, Unit Chicago Chicago, IL 60613

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    For Sale
    $695,000

    Commercial space with established tenants and attractive CAP rate.

    Property Features for 3740 N Lincoln Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2006

    Source: FAHY REAL ESTATE INC Agent KIERAN FAHY

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

    Overview

    Lincoln Avenue Retail Investment Property

    This commercial property features 3,100 square feet of space divided into two individual storefronts. The property is located on Lincoln Avenue and offers over 130 feet of road frontage, providing significant exposure and natural light. Established tenants occupy the spaces since 2019, with new 5-year leases extending until 2030. Both storefronts were renovated between 2019 and 2020, including updated flooring, bathrooms, and paint. A full tear-off roof was installed in 2021. The property includes two deeded garage parking spaces. The location is approximately 1 mile west of Wrigley Field and a 6-minute walk to the Addison brown line. The property is offered with an attractive CAP rate and annual rent escalations. A management company is in place should the new owner wish to continue with their services. This property is suitable as an investment or a 1031 exchange.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Botanical Cafe Coffee Shop

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Similar Places Nearby

    Studio AG, FloraShip, flowers by stem, The Flower Girl Company, 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

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    FAQs

    What type of property is this?
    Storefront property - Commercial space with established tenants and attractive CAP rate.
    Where is this storefront property located?
    The property is located at 3740 N Lincoln Ave, Unit Chicago Chicago, IL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Established tenants in place since 2019 with new 5-year leases extending to 2030, providing immediate and stable income.; - Attractive CAP rate and annual rent escalations offer strong investment potential.; - Prime location on bustling Lincoln Avenue, just 1 mile from Wrigley Field and a 6-minute walk to the Addison Brown Line.
    (773) 474-4425
    Request Owner's contact information
    3740 N Lincoln Ave, Unit Chicago Chicago, IL 60613
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    Chicago, IL 60613
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3740 N Lincoln Ave, Unit Chicago Chicago, IL 60613
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