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2020 N Lincoln Park West - Lincoln Park West 4,650 SF Retail Condo Unit Offered at $517,099 CAD in Chicago, IL 60614
EXECUTIVE SUMMARY
Discover a rare opportunity to own a versatile commercial condo in the heart of Chicago’s prestigious Lincoln Park neighborhood. Located at 2020 N Lincoln Park West, Unit CU1, this ground-level restaurant space sits at the base of a 39-story luxury residential tower with 440 units, offering immediate access to a built-in customer base. For over 25 years, this was home to the beloved Original Pancake House, making it an iconic dining destination with strong neighborhood recognition. The space is perfectly suited for an experienced restaurant operator ready to capitalize on one of Chicago’s most desirable locations. Surrounded by multiple high-rise residential towers within just a block, the property benefits from high foot traffic and an affluent local demographic. Just steps from the Lincoln Park Zoo, the Nature Museum, the Lincoln Park Conservatory, Park West entertainment venue, and the popular Green City Market, this location is a magnet for both residents and tourists. Its proximity to public transportation, coupled with available street parking, ensures easy accessibility for diners, shoppers, and patrons. The 4,650 square foot unit offers a spacious interior layout ideal for a range of restaurant or retail concepts. Existing infrastructure includes central air conditioning, a fire suppression system, and electric capacity between 201–600 amps, providing a strong operational foundation. Whether you envision a trendy café, neighborhood diner, upscale bistro, boutique market, or wellness studio, the space delivers flexible design potential in a high-visibility corridor. Given its history, location, and potential, this property represents an exceptional investment for restaurateurs or retail entrepreneurs looking to establish a flagship presence in Lincoln Park. Few commercial properties combine such legacy, foot traffic, and access to affluent clientele. Seize this opportunity to bring your concept to life in one of the city’s most dynamic and proven locations.
DATA ROOM Click Here to Access
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Pool
- Sauna
- Tennis Court
- Doorman
- Laundry Service
- On-Site Retail
- Bicycle Storage
1 UNIT AVAILABLE
Unit CU 1
| Unit Size | 4,650 SF | Condo Use | Retail |
| Price | $517,099 CAD | Sale Type | Investment or Owner User |
| Price Per SF | $111.20 CAD |
| Unit Size | 4,650 SF |
| Price | $517,099 CAD |
| Price Per SF | $111.20 CAD |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
DESCRIPTION
This commercial space at the base of a 440 unit luxury apartment complex is available for all use (call broker there are some covenants); including retail, restaurant, groceries, coffee shop, office or medical. Formerly a restaurant. Located amongst local staples such as Chicago Pizza and Oven Grinder Company, R.J. Grunts, Geja's Cafe and Park West entertainment venue. Locals and tourist alike enjoy nearby attractions such as the Lincoln Park Zoo (over 3M visitors*), Peggy Notebaert Nature Museum (250,000 visitors*), Green City Market (Up to 10,000 visitors**) at Lincoln Park and North Avenue Beach (6.5M visitors*) which attract 2 million visitors for the Air and Water Show. Ready for experienced operator. Directly across from LINCOLN PARK ZOO with over 3 million visitors annually. Includes two exhaust hoods, walk-in freezer and walk-in cooler. High visibility in a perfect location.
SALE NOTES
**SALE NOTES – 2020 N Lincoln Park West, Unit CU1 | Chicago, IL 60614**
**Property Overview:**
Prime 4,650 SF ground-floor commercial condo located in the heart of Lincoln Park, one of Chicago’s most established and affluent neighborhoods. Positioned at the base of a 440-unit luxury residential tower and surrounded by high-rise buildings, this corner unit offers unparalleled exposure to heavy foot traffic, destination visitors, and a stable high-income local population.
**Former Use:**
Previously occupied by the Original Pancake House for over 25 years. Restaurant infrastructure remains in place, but the space is easily adaptable for other high-value commercial uses.
**Ideal Uses:**
Restaurant, Coffee Shop, Retail Boutique, Medical, Dental, Chiropractic, Fitness Studio, Spa/Salon, Gallery, or Professional Office. B1-2 zoning offers flexible use potential.
**LOCATION ADVANTAGE**
**High Traffic + Tourist Magnet:**
* Located steps from **Lincoln Park Zoo** (over **3.6 million annual visitors** – free admission all year)
* One block from **Green City Market**, **Peggy Notebaert Nature Museum**, **North Pond**, and **Park West Theater**
* Constant year-round foot traffic from residents, tourists, eventgoers, and runners/cyclists from the lakefront path
* CTA bus stops within 200 feet; 5-minute drive to Lake Shore Drive; short walk to Clark St retail corridor
**DEMOGRAPHICS** *(2023 Data — 1 Mile Radius)*
* **Population:** 54,000+
* **Households:** 28,500+
* **Median Household Income:** \$132,000+
* **Average Household Income:** \$188,000+
* **Daytime Population (includes workers and visitors):** 90,000+
* **Walk Score:** 96 (“Walker’s Paradise”)
* **Bike Score:** 92
* **Transit Score:** 80
**PROPERTY FEATURES**
* ±4,650 SF corner commercial condo
* Large window line and high ceilings
* Existing kitchen infrastructure (grease trap, venting, plumbing – confirm with broker)
* Strong visibility with signage potential
* In the base of a well-managed 440-unit high-rise condo
* Utilities and mechanicals in place; minimal buildout for similar uses
* Ideal for both owner-users and long-term investors
**CONDO ASSOCIATION NOTES**
* **Right of First Refusal applies** (unit sale subject to board review and match rights)
* Use restrictions/covenants in place—please inquire
* Professionally managed, healthy reserves, stable assessments
**Zoning:** B1-2
**Property Use:** Retail | Restaurant | Medical | Office | Service
**Available:** Immediately
**Sale Type:** Fee Simple Interest
**Summary:**
With high visibility, rich foot traffic, and direct access to one of Chicago’s highest income, highest density neighborhoods, 2020 N Lincoln Park West presents a rare ownership opportunity in a true legacy location. Whether you’re expanding a brand, opening a flagship, or securing long-term real estate for a stable business model—this offering is a standout.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 443 | - | - |
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2020 N Lincoln Park West - Lincoln Park West
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