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0 Beds
4,800 sqft

$1,200,000

3921 W TOUHY Avenue, Lincolnwood IL, 60712

Price per sqft$250.00
Built in1970
Property size4,800 sqft
Property typeCommercial
Listed by Sang Han with Platinum Partners Realtors 201-988-7693

Overview

Active

Listed Sep 7, 2024

Updated 8 days ago

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.

Additional information

MLS® ID
12158047

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
1.08 Acres

Other Property Details

Taxes
$30,992
Tax Frequency
Annually
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Listed by Sang Han with Platinum Partners Realtors 201-988-7693

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