4001 North Lincoln Avenue, CHICAGO, IL 60618 (MLS # 10011600)

Price $3,300,000
Status Active
Size 9,800 sq ft
Lot Size n/a
Days on Market 9
7 fully-leased retail storefronts (3 commercial condos, 9800 SF total) + 13-car commercial garage on ground floor of newer 5-story 39-unit mixed-use bldg at main intersection of Lincoln, Damen & Irving Park Rd in North Center. This is the most visible, highest quality construction, best positioned commercial space in this market with a strong mix of mostly long-term national and strong local tenants including Starbucks, Subway, Hair Cuttery, Club Pilates, Ruby Nails, Vertigo Holdings and US Bank. US Bank has vacated but is still paying rent to the end of their lease in Oct 2018 so there is a 2,300 SF space available. There is a CMBS loan with an outstanding balance of ~$2.53 Million at 4.77% with 7+ years remaining on the term that must be assumed, so this could be purchased for only about $800,000 in cash ( 25%). Nearby businesses include CVS, Wintrust Bank, MB Financial Bank, AT&T, T-mobile, Swedish Covenant Immediate Care, Chicago Title, and numerous neighborhood businesses.
Property Type(s): Commercial
Last Updated 7/10/2018 Year Built 2003
Community CHI - North Center County Cook

Additional Details

AIR Central Individual
AIR CONDITIONING Yes
AREA CHI - North Center
CONSTRUCTION Brick
HEAT Forced Air, Gas
INTERIOR Multi-Tenant, Overhead Door/s
LOT DIMENSIONS 250' X 275' X 130'
PARKING 13
STORIES 1
TAXES 85744

Location

 

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Listed with The Lord Companies L.L.C.
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