3121 N Lincoln Avenue
Chicago, IL, 60657 $ 1,550,000
Bedrooms-- Baths-- Sq 8,700 for $1,550,000. This 8,700 square foot property was built in 1910 on a lot size of 0.099862.
Prime Business Opportunity in the heart of Lakeview! Ideally located on bustling Lincoln Avenue, this marble and brick two-story commercial building is perfectly positioned to benefit from high foot traffic and a vibrant mix of residential and commercial activity. Zoned B1-3, the property offers over 8,700 square feet of stunning open-concept space, plus a full unfinished basement. Each floor spans approximately 4,350 square feet with soaring 9+ foot ceilings (higher due to drop ceiling), large windows that flood the space with natural light, and modern LED lighting throughout. The second floor is accessible via an interior staircase or a separate front entrance, providing the flexibility to accommodate two distinct businesses. Thoughtfully designed for functionality, the building features oversized front display windows facing Lincoln Avenue, hardwood floors, two front entrances, two rear exits, bathrooms on both floors, locker rooms with showers on the second floor, ample storage, and multiple office spaces. The property is equipped with four HVAC units (installed in 2021 and 2017), four condensers (2022 and earlier), three electrical panels, and two hot water tanks. Recent improvements include tuckpointing in 2020, a new sump pump in 2017, a rebuilt exterior back wall in 2009, and a roof tear-off in 1996 with ongoing maintenance. Currently operating as a yoga, meditation, and martial arts studio, this space offers incredible versatility and is ideal for a variety of uses, including retail, spiritual center, banquet halls, pet supply stores, wellness studios, co-working spaces, salons, spas, art studios, galleries, event venues, fitness centers, preschools, dance studios, or gyms. This is a rare chance to acquire a prime property in one of Chicago's most dynamic neighborhoods and bring your entrepreneurial vision to life.
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FeaturesGeneralCooling Central Air Ceiling Fan(s)
Possession Negotiable
Zoning RTAIL
Construction Materials Other Brick Stucco Stone Combination
Year Built 1910
Electric Circuit Breakers
Stories Count 2
Tax Year 2023
Current Use Commercial
Gross Income 0
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions Belmont to Lincoln Ave South to 3121. Enter at double glass doors.
City Chicago
MLS Area CHI - Lake View
Lot Size Square Feet 4350
Tax Annual Amount 56573
Electric Expense 3070
Fuel Expense 2946
Water Sewer Expense 282
Additional Parcels Y/N N
Leasable Area 0
Lease Type N/A
Standard Status Active
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ExteriorBuilding Area Total 8700
Lot Dimensions FRONTAGE (ALONG LINCOLN): 50.1' DEPTH. SIDE LOT LINES: 88.8 FEET AND 92.5 FEET. REAR WIDTH: 37.1' AND 21.1'
Frontage Type City Street Alley Access
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* Excluded FeaturesList Bybarbara.oconnor@bairdwarner.comEmail
NearbyAbout Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% 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 |
|---|
| 10/27/2025 | $1,550,000 | | Listed Price |