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3115 N Lincoln Ave 3,052 SF Vacant Retail Building Chicago, IL 60657 $1,326,124 CAD ($434.51 CAD/SF)



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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$51,489
|
$17.16
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$51,489
|
$17.16
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $51,489 |
| Annual Per SF | $17.16 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $51,489 |
| Annual Per SF | $17.16 |
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
$1,326,124 CAD
Price Per SF
$434.51 CAD
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 (96)
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 | $229,356 CAD |
| Land Assessment | $37,005 CAD | Annual Taxes | $51,489 CAD ($16.87 CAD/SF) |
| Improvements Assessment | $192,351 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14-29-100-037-0000
Land Assessment
$37,005 CAD
Improvements Assessment
$192,351 CAD
Total Assessment
$229,356 CAD
Annual Taxes
$51,489 CAD ($16.87 CAD/SF)
Tax Year
2024
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3115 N Lincoln Ave
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