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Mayra Pezzella

mayrapezzellarealtor@gmail.com +1(224) 508-1554

Listed by Barbara O'Connorof Baird & Warner

$ 1,550,000

Est. payment -/mo

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Active Under Contract

3121 N Lincoln Avenue Chicago, IL 60657

8,700 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 8,700 sqft

Price per Sqft $178

MLS Listing ID 12504538

Year Built 1910

Annual Tax Amount $56,573

Tax Year 2023

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'

Property Sub-Type Retail/Stores

Property Description

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.

Location

State IL

County Cook

Zoning RTAIL

Interior

Cooling Central Air, Ceiling Fan(s)

Flooring Carpet, Wood

Fireplace N

Exterior

View Y/N true

Building

Structure Type Other,Brick,Stucco,Stone,Combination

SCHOOLSPROPERTIES

Elementary Schools 20

10

Hawthorne Elementary Scholastic Academy

Public | KG - 8
10

Skinner North Elementary School

Public | KG - 6
10

Lincoln Elementary School

Public | KG - 8
9

Edison Elementary Regional Gifted Center

Public | KG - 8
9

Burley Elementary School

Public | KG - 8
9

Prescott Elementary School

Public | PK - 8
9

Disney Elementary Magnet School

Public | PK - 8
9

Alcott Elementary School

Public | KG - 8
8

Bell Elementary School

Public | KG - 8
8

Coonley Elementary School

Public | PK - 8
8

Lasalle II Lang Academy Elementary School

Public | PK - 8
8

Burr Elementary School

Public | PK - 8
8

Mayer Elementary School

Public | PK - 8
8

Greeley Elementary School

Public | PK - 8
8

Lasalle Elementary Language Academy

Public | KG - 8
7

Von Linne Elementary School

Public | KG - 8
7

Budlong Elementary School

Public | KG - 8
7

Pulaski International School of Chicago

Public | KG - 8
7

Chappell Elementary School

Public | PK - 8
7

Columbus Elementary School

Public | PK - 8

Middle Schools 4

10

Lane Technical High School

Public | 7 - 12
7

Ogden Intermediate High School

Public | 6 - 12
4

Albany Park Multicultural Academy

Public | 7 - 8
3

Aspira Charter Schools

Public | 6 - 12

High Schools 20

10

Northside College Preparatory High School

Public | 9 - 12
10

Devry Advantage Academy High School

Public | 11 - 12
10

Payton College Preparatory High School

Public | 9 - 12
9

Lincoln Park High School

Public | 9 - 12
5

Clemente Community Academy High School

Public | 9 - 12
5

Amundsen High School

Public | 9 - 12
5

Lake View High School

Public | 9 - 12
4

Wells Community Academy High School

Public | 9 - 12
4

Uplift Community High School

Public | 9 - 12
3

Alcott Humanities High School

Public | 9 - 12
0

Pathways in Education Avondale High School

Public | 9 - 12
0

Gordon Tech High School

Private | 9 - 12
0

Josephinum Academy

Private | 9 - 12
0

Thresholds High School

Private | 9 - 12
0

Holy Trinity High School

Private | 9 - 12
0

Prologue Early College High School

Public | 9 - 12
0

Prologue Early College

Private | 9 - 12
0

The Chicago Academy for the Arts

Private | 9 - 12
0

Lake View Academy

Private | 10 - 12
0

Cornerstone Academy

Private | 9 - 12

School and business data provided by Attom Data.

Mayra Pezzella

Real Estate Professional | REALTOR® | License ID: 1010235

+1(224) 508-1554

Mayra Pezzella

3121 N Lincoln Avenue Chicago, IL 60657

Key Details

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Interior

Exterior

Building

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3121 N Lincoln Avenue