3849-51 N Lincoln Ave
DOUBLE STOREFRONT SPACE
Neighborhood: North Center
Cross Streets: Lincoln Ave & Grace St
COMMERCIAL SPACE: Double commercial storefronts on the ground floor of a vintage 3-flat with
offices and apartments above.
• ~3,550 SF (1,730 SF on south side + 1,820 SF on north side)
• Full unfinished basement for storage
• 10-12’ ceilings with new storefront with full height windows.
DELIVERY CONDITION: This space was recently renovated for a comedy club. The south side had the main stage + open seating, control booth, and “green room”/office with a large washroom. The north side had the main ticket booth, a full bar, and several private office/storage spaces. The stage and bar were removed but the plumbing and electrical connections remain; otherwise, it is in “move-in” condition and ready for immediate occupancy.
PARKING: There are private parking spaces behind the space that can accommodate up to 4 cars that rent for $150/month per space. In addition, there is a city parking lot located directly across the street that offers hourly and monthly parking for only $85/month.
LEASE RATE: $27/SF ($3,900 + $4,100 per month), NNN
ADDITIONAL EXPENSES: Tenant is also responsible for 37% of real estate taxes and its pro-rate share of building insurance and common area maintenance (CAM), which are projected at approx. $5/SF ($750 + $800/month) combined.
LOCATION: Located in the heart of the North Center entertainment/commercial district just south of the main six-way intersection of Lincoln, Damen, and Irving Park Road. The Irving Park El station is located 2 blocks north. Nearby businesses include Martyrs’ Live, Orange Shoe Fitness, American Theatre Company, Strawdog Theatre Company, Big Bricks Pizza & BBQ, Mrs. Murphy Irish Bistro, Chase Bank, Brownstone Tavern & Grill, Trader Joes, Pet Supplies Plus, and numerous local businesses.
TRAFFIC COUNTS: 22,000 vehicles per day (VPD) on Lincoln, 38,500 VPD on Irving Park Rd.
Demographics: (2020) 1.0-mi. 3.0-mi.
Average Household Income
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