5582 N Lincoln Avenue #C2
Chicago, IL 60625

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Description

Prime Lincoln Avenue location with great visibility. This modern first-floor space offers 1,261 sq ft plus 922 sq ft of lower level storage, ideal for boutique retail, cafe, salon, spa, yoga or fitness studio, professional office, therapy or medical practice, real estate or insurance office, or other neighborhood-serving commercial uses permitted under B2-3 zoning. Large display windows with awnings provide strong street presence and natural light. The space features central A/C and heat, a kitchenette with sink and refrigerator, a bathroom, and a water fountain. Two rear parking spaces are included, with ample street parking nearby for customers or clients. Offered for sale at $375,000 or for lease at $1,500 per month NNN, with estimated NNN expenses of approximately $845 per month (property taxes and HOA). Tenant responsible for electricity. Estimated total monthly occupancy cost is approximately $2,345 per month plus electric. A solid opportunity on Lincoln Avenue.

Features

• Property Type: Commercial
• Sub Type: Office/Tech
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60625
• Year Built: 2006
• Sq.Ft.: 2,183 sq ft
• Stories: 5
• Units: 1 unit
• Zoning: OFFIC
• Approximate Age: 16-25 Years
• Building Area Total: 2183
• Construction Materials: Brick, Concrete, Other
• Cooling: Central Air, Central Individual
• Directions: Southwest Corner of Bryn Mawr and Lincoln
• Electric: Circuit Breakers, Separate Meters
• Estimated Cam/Sf: 3.64
• Estimated Tax/Sf: 4.4
• Extra Storage Spaces Available (Y/N): Yes
• Fire Protection: Sprinklers-Wet
• Flooring: Carpet, Concrete
• Foundation Details: Concrete Perimeter
• Geographic Locale: Chicago North
• Gross Income: 1500
• Gross Scheduled Income: 18000
• Heat/Ventilation: Ceiling Units, Central Heat/Indiv Controls, Forced Air
• Information: Short Notice OK, Show-Lock Box
• Leasable Area: 1261
• Leasable Area Units: Square Feet
• Location: Corner, Mixed Use Area, Public Transport Avail, High Traffic Area
• Lot Size Square Feet: 25000
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 1261
• Misc Inside: Elevator/s Freight, Elevator/s Passenger, Accessible Entrance, Accessible Washroom/s, Private Restroom/s, Public Restroom/s, Storage Inside, Basement
• Original Rental Price: 14.28
• Outdoor Parking: 1-5 Spaces
• Ownership Type: Condo
• Property Offered: For Sale or Rent
• Property Sub Type: Condominium
• Rental Price: 14.28
• Roof: Fiberglass, Membrane
• Roof Structure: Flat
• Tax Annual Amount: 5547.05
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Taxes, Insurance, Varies by Tenant, All Utilities
• Total Actual Rent: 1500
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 1500
• Township: Jefferson
• Utilities: Electric to Site, Natural Gas Available, Sewer Connected
• Water Source: Municipal Water