Bank of America Ground
For Sale
Contact for pricing
Pending
5983 North Lincoln Avenue, Chicago, IL 60659
Single-tenant land lease at a signalized intersection along Lincoln Avenue and Peterson Avenue, surrounded by national and local retailers.
Property SizeContact for details
Days on Market43
Property Features for 5983 North Lincoln Avenue
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 12:58PM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This single-tenant ground lease supports a Bank of America location at 5983 North Lincoln Avenue in Chicago. The lease is scheduled to expire September 30, 2028 and provides 10% rental escalations every five years during the primary term and renewal option periods. Bank of America is identified as an investment-grade tenant with a Standard & Poor’s rating of BBB+ and trades publicly under the symbol BAC.
The property occupies a signalized intersection where Lincoln Avenue and Peterson Avenue serve as major north-south and east-west routes. Reported traffic volumes exceed 70,700 vehicles per day. The surrounding retail corridor includes Home Depot, Ross Dress For Less, Office Depot, Walgreens, Fifth Third Bank, Chase Bank, and additional national and local retailers.
The immediate area has approximately 50,500 residents within one mile. Within five miles, the population exceeds 961,000, with average annual household incomes above $85,000.
The property occupies a signalized intersection where Lincoln Avenue and Peterson Avenue serve as major north-south and east-west routes. Reported traffic volumes exceed 70,700 vehicles per day. The surrounding retail corridor includes Home Depot, Ross Dress For Less, Office Depot, Walgreens, Fifth Third Bank, Chase Bank, and additional national and local retailers.
The immediate area has approximately 50,500 residents within one mile. Within five miles, the population exceeds 961,000, with average annual household incomes above $85,000.
Key Highlights
- Single‑tenant Bank of America ground lease at 5983 North Lincoln Avenue, Chicago, IL 60659
- Lease expiration scheduled for September 30, 2028
- 10% rental escalations every five years during the primary term and renewal option periods
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,920
Businesses Nearby
228k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 38%
Apparel 20%
Beauty & Spa 2%
T.J. Maxx
Apparel
37,330 visits/mo
0.4 miles
McDonald's
Dining
34,098 visits/mo
0.1 miles
Five Below
Shops & Services
32,290 visits/mo
0.4 miles
Culver's
Dining
23,371 visits/mo
0.1 miles
BP
Shops & Services
17,990 visits/mo
0.4 miles
Demographics for 60659, IL
40,579
Population
14,748
Households
2.8
Avg Household Size
36
Median Age
40%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
16,908
Density / Sq Mi
$70,033
Median Household Income
$40,493
Median Earnings
$1,391
Median Rent
$358,800
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant land lease at a signalized intersection along Lincoln Avenue and Peterson Avenue, surrounded by national and local retailers.
Where is this nnn property located?
The property is located at 5983 North Lincoln Avenue Chicago, IL.
What are key features of this property?
This property features: Single‑tenant Bank of America ground lease at 5983 North Lincoln Avenue, Chicago, IL 60659; Lease expiration scheduled for September 30, 2028; 10% rental escalations every five years during the primary term and renewal option periods
