3921 W TOUHY Avenue
Lincolnwood, IL, 60712 $ 1,200,000
Bedrooms-- Baths-- Sq 4,800 for $1,200,000. This 4,800 square foot property was built in 1970 on a lot size of 1.07996.
Prime Investment Opportunity | 7.78% CAP | Fully Leased Retail Strip in Lincolnwood Exceptional opportunity to acquire a fully stabilized retail strip center in a high-visibility, high-traffic corridor of Lincolnwood. This B2-zoned property is 100% occupied with long-term tenants, offering immediate and reliable income from day one. The building features approximately 4,800 square feet of leasable space, currently configured as three 1,600 SF units, providing flexibility for a diverse tenant mix. Located in a densely populated and highly desirable trade area, the property benefits from strong surrounding demographics, including approximately 15,000 residents within a 1-mile radius, nearly 300,000 within 3 miles, and over 800,000 within 5 miles. The average household income in the area exceeds $100,000, supporting consistent retail demand. Adding to the long-term upside, the highly anticipated District 1860 mixed-use development-just 0.6 miles away at Touhy & Lincoln-will significantly enhance both foot and vehicle traffic in the immediate area, further strengthening retail activity and tenant stability. The property has been extensively updated, including a new roof, HVAC/AC systems, water heater, and electrical, making it a low-maintenance, turnkey investment. In addition, the site offers 15+ parking spaces, ensuring convenience for both tenants and customers. With a diverse and dynamic demographic base, this location supports a wide range of retail and service-oriented businesses without reliance on a single customer segment. This is a rare opportunity to secure a well-maintained, income-producing asset in one of the most active retail corridors in the North Shore market.
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FeaturesGeneralCooling Central Air Central Individual
Year Built 1970
Electric Separate Meters
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Operating Stops Taxes Insurance Repairs Scavenger Tax Stops Sewer
Stories Count 1
Township Niles
Tax Year 2023
Current Use Medical/Dental
Business Type Retail
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 93208
Property Type Commercial Sale Retail/Stores
Status Active
Directions TOUHY AVE. ONE BLOCK WEST OF CRAWFORD ON SOUTH SIDE OF THE STREET.
City Lincolnwood
Number Of Units Total 3
MLS Area Lincolnwood
Lot Size Square Feet 47043
Tax Annual Amount 30992
Additional Parcels Y/N N
Leasable Area 4800
Lease Type N/A
Standard Status Active
Cap Rate 7.78
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ExteriorBuilding Area Total 4800
Lot Dimensions 100X140
Frontage Type City Street
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* Excluded FeaturesList ByPlatinum Partners RealtorsBroker
chicagobdb@gmail.com;sang@sangcanhelp.comEmail
NearbyAbout Lincolnwood, IL 12,704 Population
3% Since 2002
$ 95,730 Median Income
43.93 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/9/2025 | $1,200,000 | | Listed Price |