2527 N Lincoln Ave
BI-LEVEL RETAIL OR PROFESSIONAL OFFICE SPACE
Neighborhood: Lincoln Park
Cross Streets: Lincoln Ave & Wrightwood Ave
COMMERCIAL SPACE: This recently rehabbed storefront is on the street level of a vintage 4-story brick apartment building with 5 storefronts and 15 apartments above.
• 520 SF on ground floor + 620 SF in basement.
• 10’+ ceilings with full height windows provides outstanding light and visibility
This space would be suitable for a small professional office, showroom, or specialty retailer.
DELIVERY CONDITION: The ground floor space is an open area with new luxury vinyl floor tile and new ceiling light fixtures. There is a bathroom in the basement along with the HVAC equipment and a large storage area with concrete floors.
LEASE RATE: $1,800 per month, gross
ADDITIONAL EXPENSES: Real estate taxes and common area maintenance (CAM) expenses are included in the base rent. Tenant is only responsible for their own separately metered utilities.
LOCATION: This site is located on a busy commercial stretch of Lincoln Avenue, two blocks north of Fullerton, directly across from the new Elevate Lincoln Park development with 191 new high-end apartments and 16,000 SF of new retail space. Significant commercial enterprises in the immediate area include The Apollo and Victory Gardens Theatres, DePaul University, CVS Pharmacy, and numerous neighborhood restaurants and bars.
This location is easily accessible from all areas in Lincoln Park and Lakeview using Lincoln Avenue which is one of the primary north-south arterials through the area. It can also be easily accessed from other areas to the north and south via Lakeshore Drive (1/2 mile east). The Fullerton El station is located less than 2 blocks south. The area has metered street parking, valet parking services, and several nearby parking lots and garages.
Demographics: (2020) 1.0 mile 3.0 mile
Traffic Counts: 20,569 vehicles per day (VPD) on Lincoln Ave, 19,704 VPD on Fullerton, 18,605 VPD on Halsted.
Zoning: B3 (Community Shopping District), 43rd Ward (Ald. Michele Smith)
Availability: September 2020