Storefront Retail
For Sale
$694,000
5051 N Lincoln Avenue, Chicago, IL 60625
Storefront retail property for sale on Lincoln Ave, north of Winnemac.
Property Size2,950 SF
Days on Market23
Property Features for 5051 N Lincoln Avenue
General Information
Standard status
Active
Size
2,950 SF
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$12,187
Amenities
Central Air, Window Unit(s)
Building Details
Building Size
2,950 SF
Year Built
1906
Stories
2
Listing Agency:
Charles Rutenberg Realty
(847) 707-2532
Listed By:
Peter Faehnrich
(847) 707-2532
Source:
Evrealestate
Added: Jul 22
Changed: Aug 8
Last Checked: Aug 12 at 6:09AM
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 Charles Rutenberg Realty
Investment Insights
Based on property information with market context.
This storefront retail property is offered for sale and located at 5051 N Lincoln Avenue in Chicago, IL 60625.
The property sits on Lincoln Ave and is described in directions as being north of Winnemac. Cook County is noted as the county location.
Additional building details and interior configuration were not provided. Interested parties should contact the listing broker for more information regarding the specific unit layout, condition, and allowable use details.
The property sits on Lincoln Ave and is described in directions as being north of Winnemac. Cook County is noted as the county location.
Additional building details and interior configuration were not provided. Interested parties should contact the listing broker for more information regarding the specific unit layout, condition, and allowable use details.
Key Highlights
- Storefront retail property for sale on Lincoln Ave, north of Winnemac (Cook County).
- Built in 1906.
- Cooling includes central air and window unit(s).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,813
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$816,260
$816.3K
Cap Rate 7%
$583,043
$583.0K
Cap Rate 9%
$453,478
$453.5K
Market Conditions
NOI Build-Up for 2,950 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.7K $21.60/SF
− Vacancy
−$5.4K −$1.84/SF
EGI
$58.3K $19.76/SF
− OpEx
−$17.5K −$5.93/SF
NOI
$40.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$816,260
Cap Rate 7%
$583,043
Cap Rate 9%
$453,478
Alternative Uses
Best Use
Retail
$583.0K
$510.2K – $680.2K
NOI $40,813 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,364 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,264
Businesses Nearby
147k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 32%
Dining 17%
Home Improvements & Furnishings 2%
Tony's Fresh Market
Groceries
46,822 visits/mo
0.3 miles
Burger King
Dining
14,996 visits/mo
0.3 miles
Dollar Tree
Shops & Services
9,356 visits/mo
0.5 miles
7-Eleven
Shops & Services
8,529 visits/mo
0.3 miles
Mobil
Shops & Services
8,368 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront retail property for sale on Lincoln Ave, north of Winnemac.
Where is this storefront property located?
The property is located at 5051 N Lincoln Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $694,000.
What are key features of this property?
This property features: Storefront retail property for sale on Lincoln Ave, north of Winnemac (Cook County).; Built in 1906.; Cooling includes central air and window unit(s).
