Multi-Building Office and
For Sale
$3,950,000
6731-6733 N Lincoln Avenue, Lincolnwood, IL 60712
COMMERCIAL - Lincolnwood, IL
Property Size10,500 SF
Lot Size0.34 Acres
Price / SF$376.19
Days on Market417
Property Features for 6731-6733 N Lincoln Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
Lincoln Ave. south of Pratt Ave. and north of Devon Ave. Between Devon Ave. and Pratt Ave.
Subdivision
Lincolnwood
Standard status
Active
APN
10353000150000
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
43486
Utilities
Cooling system
Central Air
Building Details
Year built
1965
Floors in Building
2
Building materials
Brick
Listing Agency:
Century 21 Circle · Coldwell Banker Real Estate
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: Jun 10, 2025
Changed: Jul 20
Last Checked: Jul 31 at 12:06AM
MLS# 12387904
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering features two separate buildings on one site. One building is a 2-story office, and the adjacent building is a 1-story retail/warehouse. Parking is available in front of and at the rear of the retail/warehouse building. The listing also presents an option to redevelop or continue the current use.
Located in a commercial and retail district along Lincoln Avenue in Lincolnwood. The public remarks describe the area as heavily traveled, with a mix of residential, business, shops, and professional corridors. The property is stated to be minutes from major roads and the I-90/I-94 corridor, and within 15–20 minutes of downtown Chicago and O’Hare International Airport.
The site is described as approximately 15,000 square feet or more of land, with approximately 10,500 square feet or more of total building area, subject to verification.
Located in a commercial and retail district along Lincoln Avenue in Lincolnwood. The public remarks describe the area as heavily traveled, with a mix of residential, business, shops, and professional corridors. The property is stated to be minutes from major roads and the I-90/I-94 corridor, and within 15–20 minutes of downtown Chicago and O’Hare International Airport.
The site is described as approximately 15,000 square feet or more of land, with approximately 10,500 square feet or more of total building area, subject to verification.
Key Highlights
- Redevelopment opportunity in a high‑traffic commercial and retail district.
- Two buildings included: 2‑story office building and 1‑story retail/warehouse building.
- Excellent location: Minutes to major roads (I‑90/I‑94) and 15‑20 minutes to downtown Chicago and O'Hare International Airport.
Financial Insights For Office B
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 | $220.5k | $21.00 |
| − Vacancy | −$52.9k | −$5.04 |
| EGI | $167.6k | $15.96 |
| − OpEx | −$41.9k | −$3.99 |
| NOI | $125.7k | $11.97 |
10,500 SF · lease $21.00/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.09M
NOI $125,685 @ 7.0% cap · market cap 3.18%
Second Best
Retail
$1.45M
$1.27M – $1.69M
NOI $101,430 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,216 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 60712, IL
13,463
Population
4,987
Households
2.7
Avg Household Size
46
Median Age
57%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,986
Density / Sq Mi
$107,950
Median Household Income
$60,315
Median Earnings
$3,501
Median Rent
$475,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-building Lincolnwood property includes a 2-story office and adjacent 1-story retail/warehouse with front and rear parking.
Where is this office building located?
The property is located at 6731-6733 N Lincoln Avenue Lincolnwood, IL.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Redevelopment opportunity in a high‑traffic commercial and retail district.; Two buildings included: **2‑story office building and 1‑story retail/warehouse building.**; Excellent location: Minutes to major roads (I‑90/I‑94) and 15‑20 minutes to downtown Chicago and O'Hare International Airport.
