First-Floor Retail/Office
For Sale
$375,000
C2-5582 N Lincoln Ave, Chicago, IL 60614
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 Market238
Property Features for C2-5582 N Lincoln Ave
General Information
Standard status
Active
Size
2,183 SF
Total Parking Spaces
2
Zoning
B2-3
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$5,547
Amenities
large display windows with awnings
central A/C and heat
kitchenette with sink and refrigerator
bathroom
water fountain
Listing Agency:
Berkshire Hathaway HomeServices Chicago
(312) 944-8900
Listed By:
Emir Vulic · License #475170306
(312) 731-3394
Source:
Exprealty
Added: Feb 26
Changed: Oct 3
Last Checked: Oct 20 at 10:54PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$30,201
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,020
$604.0K
Cap Rate 7%
$431,443
$431.4K
Cap Rate 9%
$335,567
$335.6K
Market Conditions
NOI Build-Up for 2,183 SF
Gross rent
$47.2K $21.60/SF
− Vacancy
−$4.0K −$1.84/SF
EGI
$43.1K $19.76/SF
− OpEx
−$12.9K −$5.93/SF
NOI
$30.2K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,020
Cap Rate 7%
$431,443
Cap Rate 9%
$335,567
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,441
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60614, IL
73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Similar Off Market Nearby
- Astor Flowers — 60 E Scott St, Chicago, IL 60610
- Green Inc — 1718 N Wells St, Chicago, IL 60614
- Zen Botanical Designs LLC — 1812 N Larrabee St, Chicago, IL 60614
- Ivy Leaf Studio Inc. — 1813 N Mohawk St, Chicago, IL 60614
Frequently Asked Questions
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
