First-Floor Retail/Office
C2-5582 N Lincoln Ave Chicago, IL 60614
For Sale
$375,000
Modern first-floor commercial space with large display windows, central HVAC, and lower-level storage.
Property Size2,183 SF
Price / SF$171.78
Days on Market148
Property Features for C2-5582 N Lincoln Ave
General Information
- Standard status
- Active
- Size
- 2,183 SF
Listing Agency:
Berkshire Hathaway HomeServices Chicago
(312) 731-3394
Listed By:
Emir Vulic · License #475170306
(312) 731-3394
Source:
Exprealty
Added: Feb 26
Changed: Jul 23
Last Checked: Jul 23 at 4:45PM
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 Berkshire Hathaway HomeServices Chicago
Investment Insights
Based on property information with market context.
Modern first-floor commercial suite designed for flexible neighborhood-serving use, with large display windows and awnings for street presence. The space includes central A/C and heat, a kitchenette with a sink and refrigerator, and a bathroom, along with a water fountain. The layout also benefits from additional lower-level storage.
The property is located on Lincoln Avenue and offers two rear parking spaces, with additional street parking nearby for customers or clients.
The suite is offered for sale, with financing and leasing options also indicated in the remarks. Tenant responsibilities include electricity, and NNN expenses are estimated to include property taxes and HOA.
The property is located on Lincoln Avenue and offers two rear parking spaces, with additional street parking nearby for customers or clients.
The suite is offered for sale, with financing and leasing options also indicated in the remarks. Tenant responsibilities include electricity, and NNN expenses are estimated to include property taxes and HOA.
Key Highlights
- 1,261 SF first‑floor commercial space with 922 SF lower‑level storage for added operational capacity
- Large display windows with awnings for street presence and natural light
- Central A/C and heat, plus kitchenette with sink and refrigerator
Financial Insights For Retail
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 | $47.2k | $21.60 |
| − Vacancy | −$4.0k | −$1.84 |
| EGI | $43.1k | $19.76 |
| − OpEx | −$12.9k | −$5.93 |
| NOI | $30.2k | $13.83 |
2,183 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$669.1K
$585.5K – $780.6K
NOI $46,838 @ 7.0% cap · market cap 12.49%
Second Best
Retail
$431.4K
$377.5K – $503.4K
NOI $30,201 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.03M
$900.6K – $1.20M
NOI $72,049 @ 7.0% cap · market cap 19.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Zen Botanical Designs LLC — 1812 N Larrabee St, Chicago, IL 60614
- Astor Flowers — 60 E Scott St, Chicago, IL 60610
- Ivy Leaf Studio Inc. — 1813 N Mohawk St, Chicago, IL 60614
- Green Inc — 1718 N Wells St, Chicago, IL 60614
FAQs
What type of property is this?
Storefront property - Modern first-floor commercial space with large display windows, central HVAC, and lower-level storage.
Where is this storefront property located?
The property is located at C2-5582 N Lincoln Ave Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,261 SF first‑floor commercial space with 922 SF lower‑level storage for added operational capacity; Large display windows with awnings for street presence and natural light; Central A/C and heat, plus kitchenette with sink and refrigerator
