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EXECUTIVE SUMMARY
Situated in Chicago's vibrant Lakeview neighborhood, this property boasts high visibility on North Lincoln Avenue, a bustling street renowned for its diverse dining, shopping, and entertainment options. This impressive two-story masonry building spans approximately 3,052 square feet and includes a basement.
The space features exposed brick walls, hardwood floors, and a large wood bar, complemented by custom-designed stone restrooms. The second level offers floor-to-ceiling windows, an expansive open layout with custom hardwood flooring, a beautifully crafted stone powder room, and a convenient service bar.
With B1-3 zoning, the property allows for a versatile range of commercial and residential developments, offering investors the flexibility to adapt the space to various business needs or mixed-use projects. Located in a high-demand area with a strong demographic profile, 3115 N Lincoln Ave represents a prime investment opportunity in one of Chicago’s most sought-after neighborhoods. Convenient to public transportation, its strategic location and ongoing transformation into a new dining establishment further enhances its appeal.
The space features exposed brick walls, hardwood floors, and a large wood bar, complemented by custom-designed stone restrooms. The second level offers floor-to-ceiling windows, an expansive open layout with custom hardwood flooring, a beautifully crafted stone powder room, and a convenient service bar.
With B1-3 zoning, the property allows for a versatile range of commercial and residential developments, offering investors the flexibility to adapt the space to various business needs or mixed-use projects. Located in a high-demand area with a strong demographic profile, 3115 N Lincoln Ave represents a prime investment opportunity in one of Chicago’s most sought-after neighborhoods. Convenient to public transportation, its strategic location and ongoing transformation into a new dining establishment further enhances its appeal.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$36,885
|
$12.30
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$36,885
|
$12.30
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $36,885 |
| Annual Per SF | $12.30 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $36,885 |
| Annual Per SF | $12.30 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,052 SF
Building Class
C
Year Built
1940
Price
$950,000
Price Per SF
$311.27
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.04 AC
Zoning
B1-3, Chicago - Neighborhood Shopping District
Frontage
24’ on Lincoln Ave
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (74)
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-29-100-037-0000 | Total Assessment | $164,000 |
| Land Assessment | $26,460 | Annual Taxes | $36,885 ($12.09/SF) |
| Improvements Assessment | $137,540 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14-29-100-037-0000
Land Assessment
$26,460
Improvements Assessment
$137,540
Total Assessment
$164,000
Annual Taxes
$36,885 ($12.09/SF)
Tax Year
2024
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3115 N Lincoln Ave
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