3121 N Lincoln Ave

Chicago, IL 60657
  • $1,600,000

    Price
  • 0

    Bed
  • Bath
  • 8,700

    SqFt

About the Listing 88718 - 115952,1007532

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.

Listing Highlights for 3121 N Lincoln Ave

Status Active
Days on Site 101
Property Type Commercial Sale
MLS ® 12403072
Year Built 1910
Total Square Footage 8,700
Lot/Acreage 0.1

Interior Details

  • Bedrooms: 0
  • Bathrooms: Full
  • Appliances:
  • Air Cond: Central Air,Ceiling Fan(s)
  • Heating: Central Heat/Indiv Controls,Gas,Ceiling Fans
  • Fireplaces:
  • Floor: Carpet,Wood
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: FRONTAGE (ALONG LINCOLN): 50.1' DEPTH. SIDE LOT LINES: 88.8 FEET AND 92.5 FEET. REAR WIDTH: 37.1' AND 21.1'
  • Zoning: RTAIL
  • Roof:
  • Others:
  • Sewer:
  • Parking Features: Parking-Street

Financial Details

  • Tax Amount: $56,573
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 14291000110000
  • Tax Year: 2023

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3121 N Lincoln Ave Chicago, IL 60657

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Originating MLS: mred

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