Mixed-Use Property with Two
For Sale
$3,900,000
6731-6733 N Lincoln Avenue, Lincolnwood, IL 60712
Commercial Sale, Lincolnwood, IL
Property Size10,500 SF
Lot Size0.34 Acres
Price / SF$371.43
Days on Market511
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
(312) 513-4490
Added: Jun 10, 2025
Changed: Sep 29
Last Checked: Nov 2 at 8:06AM
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.
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.
This mixed-use commercial property includes two separate buildings on approximately 0.3444 acres. The larger structure is a two-story office building, while the adjoining one-story improvement provides retail and warehouse space. Parking is positioned both in front of and behind the buildings. The improvements were constructed in 1965 and feature brick construction with central air conditioning. The property is zoned COMMR.
The site occupies Lincoln Avenue in Lincolnwood’s commercial district, where residential, business, retail, and professional uses are concentrated. Access to I-90/I-94 and other major roads is available nearby, with downtown Chicago and O'Hare International Airport stated as approximately 15–20 minutes away. Existing office, retail, and warehouse functions can continue, and the property also offers a stated redevelopment option.
The site occupies Lincoln Avenue in Lincolnwood’s commercial district, where residential, business, retail, and professional uses are concentrated. Access to I-90/I-94 and other major roads is available nearby, with downtown Chicago and O'Hare International Airport stated as approximately 15–20 minutes away. Existing office, retail, and warehouse functions can continue, and the property also offers a stated redevelopment option.
Key Highlights
- Two‑building configuration with a 2‑story office building and adjacent 1‑story retail/warehouse building
- Approximately 0.3444 acres of land
- Front and rear parking areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,188
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,543,760
$3.5M
Cap Rate 7%
$2,531,257
$2.5M
Cap Rate 9%
$1,968,756
$2.0M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$315.0K $30.00/SF
− Vacancy
−$31.5K −$3.00/SF
EGI
$283.5K $27.00/SF
− OpEx
−$106.3K −$10.13/SF
NOI
$177.2K $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%
$3,543,760
Cap Rate 7%
$2,531,257
Cap Rate 9%
$1,968,756
Alternative Uses
Best Use
Mixed Use
$2.53M
$2.21M – $2.95M
NOI $177,188 @ 7.0% cap · market cap 4.54%
Second Best
Retail
$2.08M
$1.82M – $2.43M
NOI $145,742 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$3.63M
$3.17M – $4.23M
NOI $253,762 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick improvements combine office, retail, and warehouse functions with front and rear parking.
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 with a 2‑story office building and adjacent 1‑story retail/warehouse building; Approximately 0.3444 acres of land; Front and rear parking areas
