Mixed-Use Property with
For Sale
$3,900,000
6731-6733 N Lincoln Avenue, Lincolnwood, IL 60712
Two buildings combine office, retail, and warehouse space, with parking areas in front of and behind the buildings.
Property Size10,000 SF
Lot Size0.34 Acres
Price / SF$390
Days on Market505
Property Features for 6731-6733 N Lincoln Avenue
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.34 Acres
Property subtype
Commercial
Zoning
COMMR
Site & Location
Highway Access
Yes
Road Access
Yes
Mixed-Use Components
office, retail
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$43,486
Building Details
Building Size
10,000 SF
Year Built
1965
Buildings
2
Stories
2
Listing Agency:
Century 21 Circle
Listed By:
Mark Ahmad · License #471007186
(773) 465-4200
Source:
Gogginrealestate
Added: Jun 10, 2025
Changed: Oct 25
Last Checked: Oct 26 at 4:00AM
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 Century 21 Circle
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises two buildings: a two-story office building and a separate one-story structure with retail and warehouse space. Parking is available on both the front and rear sides of the buildings. The site contains approximately 15,000+ square feet of land and is zoned COMMR.
Located on Lincoln Avenue in Lincolnwood’s commercial and retail district, the property sits amid residential, business, retail, and professional uses. I-90 and I-94 are minutes away, while downtown Chicago and O’Haire International Airport are stated to be within a 15–20-minute drive. The existing uses may continue, or the property may be redeveloped.
Located on Lincoln Avenue in Lincolnwood’s commercial and retail district, the property sits amid residential, business, retail, and professional uses. I-90 and I-94 are minutes away, while downtown Chicago and O’Haire International Airport are stated to be within a 15–20-minute drive. The existing uses may continue, or the property may be redeveloped.
Key Highlights
- Two‑building configuration: two‑story office building and one‑story retail/warehouse building
- Approximately 15,000+ square feet of land
- Parking in front of and behind the buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,750
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,375,000
$3.4M
Cap Rate 7%
$2,410,714
$2.4M
Cap Rate 9%
$1,875,000
$1.9M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$300.0K $30.00/SF
− Vacancy
−$30.0K −$3.00/SF
EGI
$270.0K $27.00/SF
− OpEx
−$101.3K −$10.13/SF
NOI
$168.8K $16.88/SF
Area
Cook County, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,375,000
Cap Rate 7%
$2,410,714
Cap Rate 9%
$1,875,000
Alternative Uses
Best Use
Mixed Use
$2.41M
$2.11M – $2.81M
NOI $168,750 @ 7.0% cap · market cap 4.33%
Second Best
Retail
$1.98M
$1.74M – $2.31M
NOI $138,802 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,678 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,328
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine office, retail, and warehouse space, with parking areas in front of and behind the buildings.
Where is this mixed-use property 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 $3,900,000.
What are key features of this property?
This property features: Two‑building configuration: two‑story office building and one‑story retail/warehouse building; Approximately 15,000+ square feet of land; Parking in front of and behind the buildings
