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Investment Highlights

  • 3020 N Lincoln Avenue is a charming retail storefront and multifamily property spanning 13,500 square feet in the heart of Chicago’s North Side.
  • Palace Lofts, located directly above the retail space, offer high-quality apartment residences that deliver an added income stream.
  • Located in a major commercial corridor, the asset benefits from outstanding exposure to locals, commuters, and destination shoppers.
  • Retail space with a street-level floor, a mezzanine level, a basement, 25-foot ceilings, and large display windows that create an open and airy feel.
  • Within a 2-mile radius of 3020 N Lincoln Avenue, there is a strong labor pool with over 99,000 individuals in service-producing industries.

Executive Summary

3020 N Lincoln Avenue is a strategically located property in the heart of Chicago's vibrant Lincoln Park neighborhood on the North Side. The highly visible retail and multifamily property sits surrounded by dense residential populations and substantial neighborhood foot traffic. With excellent frontage on N Lincoln Avenue, this site sees traffic counts in excess of 12,500 vehicles per day, providing outstanding exposure to commuters, locals, and destination shoppers alike.

This well-appointed space offers 13,500 square feet of retail space, comprising a 9,250-square-foot ground floor and a 4,250-square-foot mezzanine level, with an approximately 3,500-square-foot basement that can be utilized for storage. There are several apartment units above the retail space, titled the Palace Lofts, which provide an additional income stream for investors. The main level also features 25-foot ceilings, creating an airy feel with an abundance of natural light.

The density of amenities organically draws traffic with essential stores like Target, Chase Bank, CVS, and Whole Foods, paired with a mix of local restaurants and bars such as Lincoln Tap Room, Pockets Restaurant, Olive Black, and S&G Restaurant. Access for consumers is seamless with the nearest subway station, Southport, a 10-minute walk away, and proximity to several key thoroughfares.

With a population of 267,361 individuals within a 2-mile radius, companies and businesses alike have a strong workforce and pool of customers to pull from. Daytime employment figures indicate that over 99,000 individuals are employed in service-producing industries within the same radius.

With its flexible layout, large display windows, and proximity to popular restaurants, boutiques, and transit options, 3020 N Lincoln Avenue is ideal for investors, as well as retailers, service operators, wellness concepts, and specialty users seeking a prominent, high-traffic location in an established urban district.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
13,500 SF
Building Class
C
Year Built
1909
Tenancy
Single
Building Height
2 Stories
Building FAR
1.11
Lot Size
0.28 AC
Zoning
B1-2, Chicago - General Business District
Frontage
95’ on North Lincoln Avenue

Amenities

  • Bus Line
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Ground
  • 9,250 SF
  • Retail
  • In-Line
  • Now

Space includes a 9,250-square-foot ground floor and a 4,250-square-foot mezzanine level (25-foot ceiling height). Plus approximately 3,500-square-foot basements. Includes a retail area and offices.

  • Mezzanine
  • 4,250 SF
  • Retail
  • In-Line
  • Now

Space includes a 9,250-square-foot ground floor and a 4,250-square-foot mezzanine level (25-foot ceiling height). Plus approximately 3,500-square-foot basements. Includes a retail area and offices.

Space Size Space Use Position Available
Ground 9,250 SF Retail In-Line Now
Mezzanine 4,250 SF Retail In-Line Now

Ground

Size
9,250 SF
Space Use
Retail
Position
In-Line
Available
Now

Mezzanine

Size
4,250 SF
Space Use
Retail
Position
In-Line
Available
Now

Ground

Size 9,250 SF
Space Use Retail
Position In-Line
Available Now

Space includes a 9,250-square-foot ground floor and a 4,250-square-foot mezzanine level (25-foot ceiling height). Plus approximately 3,500-square-foot basements. Includes a retail area and offices.

Mezzanine

Size 4,250 SF
Space Use Retail
Position In-Line
Available Now

Space includes a 9,250-square-foot ground floor and a 4,250-square-foot mezzanine level (25-foot ceiling height). Plus approximately 3,500-square-foot basements. Includes a retail area and offices.

Exceptionally walkable
100/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
15 min drive
2025 Population
78,531
519,950
1,097,886
1,610,363
2030 Population
78,785
518,860
1,095,357
1,599,555
2025-2030 Projected Population Growth
0.3%
-0.2%
-0.2%
-0.7%
Median Age
33.7
36.1
36.6
37.4
College Degree + Higher
79%
67%
59%
31%
Daytime Employees
32,777
182,346
850,211
1,055,853
Total Businesses
5,555
27,578
87,429
111,533
Average Household Income
$173,881
$138,519
$128,936
$122,965
Median Household Income
$147,213
$106,671
$98,046
$92,619
Total Consumer Spending
$1.3B
$8.3B
$15.9B
$21.7B
2025 Households
36,142
262,128
522,786
721,708
Average Home Value
$744,714
$619,972
$556,148
$511,656

Nearby Major Retailers

Jenny Craig
Chase Bank
Starbucks
F45 Training, Inc.
Orangetheory Fitness
Foss Swim School
Byline Bank
Bank of America
Giordano's
The Little Gym

Property Taxes

Property Taxes

Parcel Number
14-29-113-036-0000
Land Assessment
$27,360
Improvements Assessment
$265,177
Total Assessment
$292,537
  • Listing ID: 39921564

  • Date on Market: 3/26/2026

  • Last Updated:

  • Address: 3020 N Lincoln Ave, Chicago, IL 60657

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