Active
New
3121 N Lincoln Avenue
Chicago IL, 60657
$1,700,000
$195.40 per sqft
Active
New
8,700 sqft
Commercial
Built in 1910
Courtesy of Dream Town Real Estate
Prime Business Opportunity in the heart of Lakeview! Ideally located on bustling Lincoln Avenue, this marble and brick two-story commercial building is perfectly positioned to benefit from high foot traffic and a vibrant mix of residential and commercial activity. Zoned B1-3, the property offers over 8,700 square feet of stunning open-concept space, plus a full unfinished basement. Each floor spans approximately 4,350 square feet with soaring 9+ foot ceilings, large windows that flood the space with natural light, and modern LED lighting throughout. The second floor is accessible via an interior staircase or a separate front entrance, providing the flexibility to accommodate two distinct businesses. Thoughtfully designed for functionality, the building features oversized front display windows facing Lincoln Avenue, hardwood floors, two front entrances, two rear exits, bathrooms on both floors, locker rooms with showers on the second floor, ample storage, and multiple office spaces. The property is equipped with four HVAC units (installed in 2021 and 2017), four condensers (2022 and earlier), three electrical panels, and two hot water tanks. Recent improvements include tuck-pointing in 2020, a new sump pump in 2017, a rebuilt exterior back wall in 2009, and a roof tear-off in 1996 with ongoing maintenance. Currently operating as a yoga, meditation, and martial arts studio, this space offers incredible versatility and is ideal for a variety of uses, including retail, banquet halls, pet supply stores, wellness studios, co-working spaces, salons, spas, art studios, galleries, event venues, fitness centers, preschools, dance studios, or gyms. This is a rare chance to acquire a prime property in one of Chicago's most dynamic neighborhoods and bring your entrepreneurial vision to life.
12271305
MLSⓇ ID
January 15, 2025
Listed
January 16, 2025
Updated
Map
3121 N Lincoln Avenue
Chicago IL, 60657
Interior Features
Total Stories
2
Floor Description
Carpet, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ceiling Fan(s)
Heating
No
Exterior/Building Features
Lot Size
0.1 Acres
Other Property Details
Area Name
CHI - Lake View
Taxes
$56,573
Tax Frequency
Annually
Days on Market
1
Garage
No
View
No
County
Cook
Pool
No
Zoning
RTAIL
Courtesy of Dream Town Real Estate, Barbara O'Connor,
Listing Contact: 773-491-5631
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Data last updated 4:10 AM UTC, 1/16/2025