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Listed by Marcus Sullivanof Sperry Van Ness
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Est. payment | /mo
5,076 SqFt
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Est. payment | /mo
5,076 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 5,076 sqft
MLS Listing ID 12710121
Year Built 1903
Annual Tax Amount $48,813
Tax Year 2024
Lot Dimensions 98.96*31.90*82.20*125
Property Sub-Type Retail/Stores
Property Description
3832 N Lincoln Avenue is an outstanding, two-story commercial building with a full basement, located in Chicago's vibrant North Center neighborhood. The property underwent a comprehensive gut renovation in 2022, upgrading it to pristine, modern standards. Total Infrastructure Overhaul: Brand-new roof installed during the 2022 renovation. Modern MEP Systems: Complete replacement of all mechanical, electrical, and plumbing systems. Full Accessibility: High-end passenger elevator serving the basement, first, and second floors. Secure Parking: Large, gated rear lot providing substantial off-street parking. Tax Reduction Potential: Converting the second floor to apartments unlocks a mixed-use residential tax classification, drastically lowering annual real estate taxes. The building features high-end improvements originally purpose-built for a premium birthing center that closed in 2026. This turnkey condition allows for immediate adaptation into several different asset classes, including: Medical & Wellness: Ideal for a medical concierge practice, specialized outpatient clinic, or wellness center. Hospitality: Perfect layout for a boutique Airbnb or short-term rental conversion. Retail & Services: Excellent street-level visibility for high-end retail, corporate offices, or community services.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
View Y/N true
Building
Structure Type Brick
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