3121 N Lincoln AVE, Chicago, IL 60657
3121 N Lincoln AVE, Chicago, IL 60657
3121 N Lincoln AVE, Chicago, IL 60657
3121 N Lincoln AVE, Chicago, IL 60657
3121 N Lincoln AVE, Chicago, IL 60657
3121 N Lincoln AVE, Chicago, IL 60657
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Legacy Properties

Legacy Properties

+1(224) 999-9100
$ 1,550,000
Est. payment | /mo

8,700 SqFt

Save
$ 1,550,000
Est. payment | /mo
Save

8,700 SqFt

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 8,700 sqft

Price per Sqft $178

MLS Listing ID 12504538

Year Built 1910

Annual Tax Amount $56,573

Tax Year 2023

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'

Property Sub-Type Retail/Stores

Property Description

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.

Location

State IL

County Cook

Area Chi - Lake View

Zoning RTAIL

Interior

Cooling Central Air, Ceiling Fan(s)

Flooring Carpet, Wood

Fireplace N

Building

Dwelling Type Retail/Stores

Structure Type Other,Brick,Stucco,Stone,Combination

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Barbara O'Connor of  Baird & Warner 

Nearby Locations

Legacy Properties

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9100

managingbroker@legacypropertiesil.com

2325 Dean St, Suite 900, St Charles, Illinois 60175, USA

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3121 N Lincoln AVE