3121 N Lincoln Avenue
Chicago, IL 60657

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Description

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 (higher due to drop ceiling), 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 tuckpointing 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, spiritual center, 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.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60657
• Year Built: 1910
• Sq.Ft.: 8,700 sq ft
• Stories: 2
• Zoning: RTAIL
• Building Area Total: 8700
• Construction Materials: Other, Brick, Stucco, Stone, Combination
• Cooling: Central Air, Ceiling Fan(s)
• Directions: Belmont to Lincoln Ave, South to 3121. Enter at double glass doors.
• Electric: Circuit Breakers
• Electric Expense: 3070
• Electric Expense Source: Actual
• Fire Protection: Alarm On Site
• Flooring: Carpet, Wood
• Fuel Expense: 2946
• Fuel Expense Source: Actual
• Heat/Ventilation: Central Heat/Indiv Controls, Gas, Ceiling Fans
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Location: Central Business District, High Traffic Area
• Lot Dimensions Details: FRONTAGE (ALONG LINCOLN): 50.1' DEPTH. SIDE LOT LINES: 88.8 FEET AND 92.5 FEET. REAR WIDTH: 37.1' AND 21.1'
• Lot Size Square Feet: 4350
• Main Type: Commercial Sale
• Misc Inside: Common Exercise Room/s, Basement
• Outdoor Parking: Parking-Street
• Property Offered: For Sale Only
• Tax Annual Amount: 56573
• Tax Year: 2023
• Water Expense Source: Actual
• Water Sewer Expense: 282