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5875 N Lincoln Ave Chicago, IL 60659

Retail space Google Maps
10,000 SF 0.27 ac lot Built 1959
Entity Owned 27-yr Hold Free & Clear
Estimated value (blended)
$1.32M
Range $1.18M – $1.45M (±10%)
Property ID US28-2305890

Property summary

AI-generated overview

This 30,000 square foot Class C office building, located at 5875 N Lincoln Ave in Chicago's West Rogers Park neighborhood (zip code 60659, Cook County, IL), offers 47 available suites ranging from 106 to 839 square feet. The property features multiple tenancies, ample on-site parking in a private lot adjacent to the building, and convenient access to public transportation via the #11 bus route. The building provides 5-day janitorial service and HVAC. Storage spaces are also available for tenants. Its location offers easy access to major roadways, including the Edens Expressway (I-94) six minutes east and Lake Shore Drive eleven minutes west. The building is situated near Mather High School and numerous restaurants, including Pizzeria Calzone, Wolfy's, Potbelly, Chipotle, IHOP, Kabab House, KFC, Pride Sushi & Thai, and Chicago Pocha. This one-acre property is approximately 10 miles from the Loop in the up-and-coming West Ridge neighborhood, known for its affordability and diverse community. The building is suitable for various office uses, including executive, medical, creative, and traditional office spaces.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1959
Total area 10,000 SF
Lot 0.27 ac (11,700 SF)
APN 13-01-305-050
UPID US28-2305890

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Electrical Service General Contractor
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Business Management Consultant
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.48M
Blend (final) Blend
$1.32M

Owner & transaction history

since 1999
1 recorded transaction
1999
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.7M +25.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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