3121 North Lincoln Avenue Chicago, IL 60657

$1,650,000
Reduced $50,000
0.10
Acres
$1,650,000
Reduced
$50,000
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active
1/23
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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, 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.

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, 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.

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - Lake View
  • Tax Amount
    $56,573
  • Status
    Active
  • Listing #
    12271305
  • Built
    1910
  • Lot Size
    0.10
  • Listed on site
    54 days

Listed by:
Dream Town Real Estate

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Dream Town Real Estate.
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning

Property History

DateDays AgoEventNew Price
Mar 6, 202510 days agoPrice decreased50,000 (3%)$1,650,000
Jan 21, 20252 mos agoNew on market$1,700,000
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Ali Bakir
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