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    3145 Lincoln Ave Chicago, IL 60657

    For Lease
    $16 SF/Yr ($15,333 /Mo)

    Chicago Retail Property - Multiple Units

    Lot size:
    11,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional retail property, located at 3145 N Lincoln Ave in Chicago, Illinois, offers a unique investment opportunity. Situated in Cook County, this multi-tenant building boasts a total of 11,500 square feet of versatile space, ideal for a variety of retail and office uses. Currently, six individual spaces are available, ranging in size from 2,200 square feet to the entire 11,500 square foot building. The property's prime location in Chicago's vibrant Lincoln Park neighborhood provides excellent visibility and accessibility for businesses. The flexible floor plans allow for customization to suit individual tenant needs, making it an attractive option for both established businesses and startups. This is a rare chance to acquire a well-positioned retail property in a high-demand area. The property's multiple tenancy structure offers diversified income streams and potential for long-term growth. With its substantial square footage and strategic location, this property presents a compelling investment opportunity for those seeking a strong foothold in the Chicago retail market. The zip code is 60657. The property is classified as both Retail and Office. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property Features for 3145 Lincoln Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,500 SF
    Total Rate
    15333.33

    Unit(s) available at that property

    Space
    1st Floor
    Size
    2,200 SF
    Rate per SF
    $23
    Space
    1st Floor
    Size
    2,890 SF
    Rate per SF
    $16
    Space
    1st Floor - 3155
    Size
    11,500 SF
    Rate per SF
    $19
    Space
    3145-7
    Size
    2,890 SF
    Rate per SF
    $16
    Space
    3161
    Size
    10,898 SF
    Rate per SF
    $16
    Space
    3167
    Size
    2,200 SF
    Rate per SF
    $16
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Hee Chul ... Chiropractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6674583
    Latitude
    41.9390289

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    FAQs

    What type of property is this?
    Retail property - Chicago Retail Property - Multiple Units
    Where is this retail property located?
    The property is located at 3145 Lincoln Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $16-$23 SF/Yr.
    Request Owner's contact information
    3145 Lincoln Ave Chicago, IL 60657
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    Chicago, IL 60657
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3145 Lincoln Ave Chicago, IL 60657
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