Corner Shopping Center with Multiple
5737 N Lincoln Avenue Chicago, IL 60659
5737 N Lincoln Avenue, Chicago, IL, 60659
$2,600,000
For Sale
$2,600,000
Renovated, fully occupied shopping center on a double lot with seven tenants, including restaurants and a dental office.
Property Size12,000 SF
Price / SF$216.67
Days on Market226
Property Features for 5737 N Lincoln Avenue
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1957
Listing agency
Mega USA Properties, Inc.
(773) 396-4833
Listed by
Adrianne Han · License #471008169
(773) 396-4833
Source
Xome
Added: Dec 8, 2025 Updated: Jul 21 at 5:34AM Checked: Jul 21 at 5:34AM
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 Mega USA Properties, Inc.
Investment Insights
Based on property information with market context.
This renovated retail shopping center is fully occupied and set on a double lot. The property includes space for seven tenants, with a mix that comprises well-established restaurants, a dental office, and other retail businesses. Numerous recent upgrades and improvements are noted, supporting a turnkey presentation for investors and operators seeking established occupancy.
The center is positioned along the Lincoln Avenue corridor on a high-traffic corner with strong visibility. The property addresses are 5737–5741 N. Lincoln Ave and 5744–5752 N. California Ave in Chicago, Illinois.
The center is positioned along the Lincoln Avenue corridor on a high-traffic corner with strong visibility. The property addresses are 5737–5741 N. Lincoln Ave and 5744–5752 N. California Ave in Chicago, Illinois.
Key Highlights
- Renovated shopping center on a double lot at 5737‑5741 N. Lincoln Ave and 5744‑5752 N. California Ave
- Fully occupied commercial property with seven tenants
- Tenant mix includes well‑established restaurants and a dental office plus other retail businesses
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $316.8k | $26.40 |
| − Vacancy | −$19.0k | −$1.58 |
| EGI | $297.8k | $24.82 |
| − OpEx | −$74.4k | −$6.20 |
| NOI | $223.3k | $18.61 |
12,000 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.19M
$2.79M – $3.72M
NOI $223,344 @ 7.0% cap · market cap 8.59%
Second Best
Retail
$2.37M
$2.08M – $2.77M
NOI $166,018 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$5.66M
$4.95M – $6.60M
NOI $396,058 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Lincoln Village — 6199 N Lincoln Ave, Chicago, IL 60659
- Coin Cloud Bitcoin ATM — 3152 W Devon Ave, Chicago, IL 60659
FAQs
What type of property is this?
Shopping center - Renovated, fully occupied shopping center on a double lot with seven tenants, including restaurants and a dental office.
Where is this shopping center located?
The property is located at 5737 N Lincoln Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Renovated shopping center on a double lot at 5737‑5741 N. Lincoln Ave and 5744‑5752 N. California Ave; Fully occupied commercial property with seven tenants; Tenant mix includes well‑established restaurants and a dental office plus other retail businesses
