2414 Lincoln AveChicago, IL 60614

Property Details for 2414 Lincoln Ave

Year built

1933

Lot size

0.38 AC

Property size (Sq ft)

2,400 SF

Property type

Retail space

Property subtype

Storefront properties

APN

14-29-427-053

APU

1429427053

Description

This exceptional 14,614-square-foot retail space at 2414 N Lincoln Avenue in Chicago, Illinois, presents a unique investment opportunity. Located in Cook County, this single-tenant property boasts unparalleled visibility and accessibility. Situated just off the bustling Fullerton/Lincoln/Hasted intersection, the property benefits from excellent signage opportunities and high traffic counts. The building's entire 14,614 square feet is currently vacant, offering a blank canvas for a discerning tenant. Its strategic location directly across from DePaul University's main campus ensures a consistent flow of potential customers. Furthermore, the property's proximity to the CTA Fullerton 'L' Station (Red/Brown/Purple lines) provides convenient public transportation access for both employees and patrons. Ample street parking is also available, adding to the property's overall convenience. This property is ideal for a variety of retail uses and represents a compelling opportunity to establish a thriving business in a vibrant and densely populated area of Chicago. The property's size and location make it an attractive prospect for businesses seeking high visibility and convenient access to a large customer base. The address is 2414 N Lincoln Ave, Chicago, IL 60614.

• CAP approach

  CAP return

  Valuation

  6%

  $1,133,799

  6.5%

  $1,046,583

  7%

  $971,827

• Comparable approach

  Method

  Valuation

  Relative Method

  $787,752

  Geo Method

  $787,752

• Alternative Use

  Use

  Valuation

  Residential

  $882,832

  Hospitality

  $808,670

  Educational

  $672,804

  Medical

  $695,942

  Retail

  $1,046,583

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9257

Longitude

-87.6495

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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