$1,700,000
3121 N Lincoln Avenue
Chicago, IL, 60657
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, 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 tuck-pointing 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, 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.
Property Details
Price:
$1,700,000
MLS #:
MRD12271305
Status:
Active
Beds:
0
Baths:
0
Address:
3121 N Lincoln Avenue
Type:
Commercial
Subtype:
Neighborhood Storefront,Other
Neighborhood:
CHI – Lake View
City:
Chicago
Listed Date:
Jan 15, 2025
State:
IL
Finished Sq Ft:
8,700
Total Sq Ft:
8,700
ZIP:
60657
Year Built:
1910
Schools
Interior
Cooling
Central Air, Ceiling Fan(s)
Flooring
Carpet, Wood
Exterior
Construction Materials
Other
Financial
Tax Year
2023
Taxes
$56,573
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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3121 N Lincoln Avenue
Chicago, IL
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