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    3020 Lincoln Ave Chicago, IL 60657

    Sponsored
    For Lease
    $23 SF/Yr

    13,500 SF, High-Traffic Location

    Lot size:
    13,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13,500-square-foot commercial property, located at 3020 N Lincoln Ave in Chicago's vibrant Lincoln Park/Lakeview neighborhood, presents a rare opportunity for a single tenant. The space boasts a versatile layout ideal for a variety of uses, including traditional office, executive office, coworking, medical office, or creative office space, as well as retail or restaurant options. The zoning is B1-2, allowing for considerable flexibility. The building features a spacious main floor of 9,250 square feet and a 4,250-square-foot mezzanine level, both benefiting from impressive 25-foot ceilings. In addition, there's approximately 3,500 square feet of basement space. The property's prime location ensures high vehicular and pedestrian traffic, providing excellent visibility and accessibility. This single-tenant space offers a blend of large open retail floor area and private office spaces, making it suitable for a diverse range of businesses. The property is situated in Cook County, Illinois, and has a zip code of 60657. This is a truly unique opportunity to secure a substantial and adaptable commercial space in a highly desirable Chicago location.

    Property Features for 3020 Lincoln Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,500 SF
    Total Rate
    25875

    Unit(s) available at that property

    Space
    Size
    13,500 SF
    Rate per SF
    $23

    HighLights

    • Prime Lincoln Park/Lakeview location.
    • High ceilings throughout.
    • Solid hardwood floors.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Institute For Arts Entrepreneurship Arts Organization Melanie Arons, LCPC Counselor

    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
    -87.66429812
    Latitude
    41.93652481

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    FAQs

    What type of property is this?
    Restaurant - 13,500 SF, High-Traffic Location
    Where is this restaurant located?
    The property is located at 3020 Lincoln Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Prime Lincoln Park/Lakeview location.; High ceilings throughout.; Solid hardwood floors.
    Request Owner's contact information
    3020 Lincoln Ave 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
    3020 Lincoln Ave Chicago, IL 60657
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