4033 N Lincoln Ave
PRIME SALON/RETAIL SPACES
Neighborhood: North Center
Cross Streets: Lincoln Ave & Irving Park Rd
COMMERCIAL SPACE: Former Hair Cuttery salon in newer 5-story 39-unit mixed-use building at the main intersection of Lincoln, Damen, and Irving Park in North Center.
• ~1,215 SF
• 35’ frontage
• 10’ dropped acoustic tile ceiling with 14’ concrete ceilings above
Commercial co-tenants include Starbucks, Bank of America, Club Pilates, Subway, HearUSA and Ruby Nails.
DELIVERY CONDITION: This space is a fully fixtured salon with 10 cutting stations, 2 ADA washrooms, a washer/dryer, and an oversized hot water heater in a dedicated rear work/break area.
LEASE RATE: $30/SF, NNN
NNN EXPENSES: Tenant is responsible for its pro-rata share of real estate taxes and common area maintenance (CAM) expenses of approx. $16/SF in 2020
PARKING: Shared use of 13 non-exclusive “first-come, first-served” spaces in attached commercial garage.
LOCATION: Highly-trafficked main 6-corner intersection of Lincoln, Damen, and Irving Park in North Center. This site has outstanding access to all major transportation modes including CTA bus lines on all 3 intersecting streets, the Irving Park Brown line subway station 2 blocks away, the Ravenswood Metra station 1 mile away, and 2 miles to either Lake Shore Drive or the Kennedy Expressway.
Nearby businesses include CVS, Wintrust Bank, MB Financial Bank, AT&T, T-mobile, Swedish Covenant Immediate Care, Chicago Title, and numerous neighborhood restaurants and local businesses. This area also has several of the best public and private schools in Chicago which has drawn affluent young families that intend to stay in Chicago.
TRAFFIC COUNTS: 11,700 vehicles per day (VPD) on Lincoln Ave, 15,600 VPD on Damen Ave, 26,700 VPD on Irving Park Road.
ZONING: B3 (Community Shopping District) which accommodates a very broad range of retail and service uses. It is also in the Western South TIF district. 47th Ward (Ald. Matt Martin).
Demographics: (2020) 1.0 mi 3.0 mi
Households 22,866 242,161
Average Household Income $133,639 $103,290
Median Household Income $98,497 $73,149
Median Home Value $624,806 $375,579
Total Specified Consumer Spending ($000) $655,625 $5,940,639