2448 N. Lincoln Ave., Lincoln Park, Chicago, IL 60614

2448 N. Lincoln Chicago, IL 60614

2448 N. Lincoln, Chicago, IL, 60614
2448 N. Lincoln, Chicago, IL, 60614
FOR SALE FOR LEASE
Property Type:
Street Retail
Last Verified:
Jan 07, 2021

Highlights


Description

Corner retail / office opportunity with parking at Lincoln Ave. and Montana St. in base of 31-unit luxury apartment building. The 4,615 sq.ft. space divisible to 1,220 sq.ft. with the following Vanilla Box Delivery Conditions: Electric panel installed, 15-ton HVAC installed, black iron installed, ADA bathroom installed, storefront installed and large sidewalk cafe space. Building is located in the heart of the emerging Lincoln Avenue district, anchored by Elevate, the new 191 unit apartment development on the north, and Lincoln Commons, the new mixed-use project to the south. The DePaul University campus plus multiple entertainment venues add to the dynamic mix that draws thousands of people to the neighborhood every day. Just a 5-minute walk to the Fullerton 'L' station (Brown, Purple, Red Lines). The property has a Walk Score® of Walker’s Paradise (96) and a Transit Score® of Excellent Transit (82).

Corner retail / office opportunity with parking at Lincoln Ave. and Montana St. in base of 31-unit luxury apartment building. The 4,615 sq.ft. space divisible to 1,220 sq.ft. with the following Vanilla Box Delivery Conditions: Electric panel installed, 15-ton HVAC installed, black iron installed, ADA bathroom installed, storefront installed and large sidewalk cafe space. Building is located in the heart of the emerging Lincoln Avenue district, anchored by Elevate, the new 191 unit apartment development on the north, and Lincoln Commons, the new mixed-use project to the south. The DePaul University campus plus multiple entertainment venues add to the dynamic mix that draws thousands of people to the neighborhood every day. Just a 5-minute walk to the Fullerton 'L' station (Brown, Purple, Red Lines). The property has a Walk Score® of Walker’s Paradise (96) and a Transit Score® of Excellent Transit (82).

Located 2 miles north of downtown, Lincoln Park borders Old Town, River North and the Gold Coast to the south, Bucktown and Wicker Park to the west and Lakeview and North Center to the north. Lincoln Park has a walkability score of 95 as well as excellent transit options including the Brown line, Red line & Purple line express and many bus routes. Lincoln Park is one of the most affluent neighborhoods in Chicago. The neighborhood includes upscale national retailers, local retailers, boutiques, restaurants, coffee shops, bars, clubs and theaters. It is densely populated with young professionals, recent college graduates and families.


Building Size: 4615sq ft
Lot Size: 0 acres

Units for Lease

2448 N. Lincoln Ave.
Space Available: 4615 SF
Lease Type: NNN

Price Per Sqft/Year: $40.0

Map of 2448 N. Lincoln, Chicago, IL, 60614

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.