Prime retail or professional office space on the ground floor of mixeduse conversion of an Art Deco loft building with
66 residential condos above.
• 12,500 SF with street frontage plus 2,000 SF loading dock/storage
➢ Divisible into up to 4 separate units of 1,750 SF, 3,000 SF (lease pending), 3,750 SF and 4,000 SF.
• 300’ of frontage around corner of Lincoln Ave & School St.
• Shared access to 20-car dedicated commercial garage
• 16’ - 20’ ceilings with concrete ceilings and ceiling-mounted HVAC units; most spaces currently have dropped
acoustic tile ceilings.
Location: High traffic corner at Lincoln and School, just north of the 6-way intersection of Lincoln, Belmont and
Ashland in Lake View. It is across the street from Xsport Fitness, Target and Wishbone restaurant. This site has
outstanding access to all major transportation modes; several CTA bus lines pass this site, it is 1 block to the
Paulina Brown line subway station, and 2 miles to either Lake Shore Drive or the Kennedy Expressway
• 11,050 vehicles per day (VPD) on Lincoln Ave, 28,500 VPD on Ashland, 15,100 VPD on Belmont
• The CTA Paulina Brown line station averages nearly 3,000 passengers per day. One of the busiest CTA (#9
Ashland) bus routes in the city with over 6 million rides per year stops less than 1 block away
Demographics: (2018) 1.0 mile 3.0 mile
Population 62,168 512,736
Households 28,693 241,495
Owner Occupied 12,818 (45%) 90,889 (38%)
Renter Occupied 15,876 (55%) 150,607 (62%)
Average Age 33.1 35.5
Daytime Population 43,163 401,350
Average Household Income $147,165 $102,086
Median Household Income $116,515 $73,456
Median Home Value $559,809 $377,505
The property has 20 parking spaces (~1.6 spaces/1,000 SF) in an attached garage for the exclusive use of the
commercial tenants. The garage has an access corridor to the rear of these commercial spaces.
Tenants have a non-exclusive right to their pro rata share of the parking spaces.
B1-3 (Neighborhood Shopping District), 47th Ward (Ald. Ameya Pawar) Base Lease Rate: $23-28/SF, NNN
Tenants are responsible for their pro rata share of real estate taxes ($7.41/SF in 2018) and common area
maintenance (CAM) expenses (approx. $4.50/SF). Tenants are also responsible for their own separately metered
gas and electric utilities.
CROSS STREETS: LINCOLN & SCHOOL
HIGH PROFILE RETAIL/PROFESSIONAL OFFICE
3254-64 N. LINCOLN AVE
THE LORD COMPANIES, L.L.C.
3254-64 N. Lincoln Ave Site Plan
3254 N Lincoln Units B & C Existing Conditions Plan