6731 Lincoln AveLincolnwood, IL 60712

Property Details for 6731 Lincoln Ave

Year built

1962

Lot size

0.09 AC

Property type

Retail properties

Property subtype

Retail space

APN

10-35-300-015

APU

1035300015

Description

This exceptional investment opportunity presents two commercial buildings situated on a highly visible and heavily trafficked section of Lincoln Avenue in Lincolnwood, Illinois. The property encompasses approximately 8,100 square feet of land and features a combined total of approximately 5,200 square feet of building space, distributed across two structures. The buildings are ideally suited for a variety of commercial and retail uses, benefiting from ample parking both in front and behind the buildings. This location offers excellent visibility and accessibility, situated within a dense corridor combining residential, business, and professional establishments. The property's strategic location provides convenient access to major roadways, including Interstate 90 and Interstate 94, placing it within a 15-20 minute commute of downtown Chicago and O'Hare International Airport. This is a unique opportunity to acquire three separate parcels, encompassing two buildings, offered as a single package, not individually. The property is currently listed at $1,475,000. Two separate tax parcel numbers are associated with this property: 10353000150000 with an associated tax amount of $10,092.00 and 10353000160000 with an associated tax amount of $10,900.00. This presents a compelling investment opportunity in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,670,416

  6.5%

  $1,541,922

  7%

  $1,431,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,239,068

  Geo Method

  $1,239,068

• Alternative Use

  Use

  Valuation

  Residential

  $1,300,669

  Hospitality

  $1,191,406

  Educational

  $991,236

  Medical

  $1,025,326

  Retail

  $1,541,922

Location Insight

City

Lincolnwood

County

Cook

State

Illinois

Latitude

42.0035

Longitude

-87.7279

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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