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Lincoln Square Restaurant Space Available
For Lease
$50 SF/Yr

4609 N Lincoln Ave, Chicago, IL 60625

Fully-functioning restaurant space in the heart of Lincoln Square.

Space SizeContact for details
Days on Market197

Property Features for 4609 N Lincoln Ave

General Information

Standard status Active

Building Details

Year Built 1950
Listing Agency: Strauss Realty Ltd
Listed By: Craig Wolf · License #475163046
Source: Liveliferealty
Added: Mar 26 Changed: Sep 25 Last Checked: Oct 7 at 1:49PM

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 Strauss Realty Ltd

Investment Insights

Based on property information with market context.

Located in the heart of Lincoln Square, this fully-functioning restaurant space is available for rent. The commercial area is centered around Lincoln Avenue, a pedestrian-friendly street with independent shops, businesses, cafes, and restaurants. The space features a 10' hood and ADA restrooms. It is situated across from the historic Davis Theater.

Key Highlights

  • Fully‑functioning restaurant space.
  • Prime location in the heart of Lincoln Square.
  • 10' hood in place.

Property Analytics

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Current Use

Luella's Southern Kitchen Restaurant

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Fish Market Supermarket Catering Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$7.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,479
Businesses Nearby
98k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 41% Groceries 34% Shops & Services 21% Home Improvements & Furnishings 3%
Jewel-Osco Groceries
32,837 visits/mo 0.5 miles
Wendy's Dining
16,427 visits/mo 0.3 miles
Burger King Dining
14,996 visits/mo 0.4 miles
Dollar Tree Shops & Services
8,360 visits/mo 0.3 miles
AutoZone Shops & Services
7,489 visits/mo 0.3 miles

Demographics for 60625, IL

76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$37.25 /SF/Yr
Avg Asking Price
$18–$88 /SF/Yr
Price Range
4,404 SF
Avg Space Size

This space is priced 34% above the average of $37.25 /SF/Yr.

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully-functioning restaurant space in the heart of Lincoln Square.
Where is this conventional restaurant located?
The property is located at 4609 N Lincoln Ave Chicago, IL.
What is the lease rate?
The lease rate is $50 SF/Yr.
What are key features of this property?
This property features: Fully‑functioning restaurant space.; Prime location in the heart of Lincoln Square.; 10' hood in place.
More about this property
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