5765 Lincoln AveChicago, IL 60659

Property Details for 5765 Lincoln Ave

Year built

1964

Lot size

0.17 AC

Property size (Sq ft)

4,200 SF

Property type

Retail space

APN

13-01-321-017

APU

1301321017

Description

This exceptional two-story commercial office building, located at 5765 N Lincoln Ave in Chicago's Peterson Park/West Ridge neighborhood (Cook County, IL, zip code 60659), offers a diverse range of office spaces ideal for various businesses. The 15,000 square foot building features 25 suites, with a minimum divisible space of 200 square feet and a maximum contiguous space of 300 square feet, providing flexibility for businesses of all sizes. Built in 1960, the building boasts recently updated common areas and bathrooms, ensuring a modern and comfortable environment. Tenants benefit from included heat and AC, as well as janitorial services. Security is enhanced with digital access, and ample parking is available, including a tenant parking lot and free street parking for guests. The building's prime location enjoys high visibility, with over 19,600 vehicles passing daily, and convenient access to public transportation (the #11 Lincoln Ave Bus). Its proximity to Lincolnwood, Skokie, Lincoln Square, and Rogers Park adds to its appeal. The building is zoned B3-2 and serviced by Com Ed. While there are no elevators, the building's two stories offer convenient access. The property includes 30 total parking spaces. This is a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving Chicago neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,858,476

  6.5%

  $1,715,516

  7%

  $1,592,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,378,566

  Geo Method

  $1,378,566

• Alternative Use

  Use

  Valuation

  Residential

  $1,447,102

  Hospitality

  $1,325,538

  Educational

  $1,102,832

  Medical

  $1,140,760

  Retail

  $1,715,516

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9865

Longitude

-87.7002

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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