2840 Lincoln AveChicago, IL 60657

Property Details for 2840 Lincoln Ave

Year built

1997

Lot size

0.36 AC

Property type

Office properties

APN

14-29-131-054-1018

APU

14291310541018

Description

This exceptional 7,000 square foot retail storefront is ideally situated in the vibrant Lakeview/Roscoe Village neighborhood. The property boasts a highly desirable single-tenant occupancy, offering a versatile space suitable for a variety of uses, including retail, medical, office, or even a daycare center – mirroring its previous use as a Bright Horizons facility. The building features two levels, providing ample room for operations and potential expansion. A significant advantage is the inclusion of twenty-three reserved garage parking spaces, a rare amenity that will greatly enhance the appeal to both employees and customers. The convenient drop-off area directly in front of the space ensures easy access and a positive customer experience. This location benefits from exceptional demographics, characterized by a high population density and high average household incomes, guaranteeing a strong customer base and significant potential for success. The property presents a unique opportunity for a business seeking a prominent and well-equipped space in a thriving Chicago neighborhood. Its previous use as a daycare suggests the space is already equipped with features suitable for businesses requiring a high level of accessibility and safety. The combination of size, parking, location, and versatility makes this storefront an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $4,984,150

  6.5%

  $4,600,754

  7%

  $4,272,129

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,020,047

  Geo Method

  $2,020,047

• Alternative Use

  Use

  Valuation

  Residential

  $5,704,936

  Hospitality

  $5,225,690

  Educational

  $4,347,713

  Medical

  $4,497,238

  Retail

  $6,763,109

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9333

Longitude

-87.6603

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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