3921 W Touhy Avenue,Lincolnwood, IL 60712
Lincolnwood, IL 60712
Description
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.
Details
| MLS # | 12158047 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 729 |
| Listing Provided By | Platinum Partners Realtors | Sang Han |
Features
| SQ Feet | 4,800 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
Interior
| Cooling | Central Air, Central Individual |
|---|
Utilities
| Electric | Separate Meters |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 30992 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Lincolnwood |
| Zip Code | 60712 |
| Area | Lincolnwood |
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Lincolnwood |
| Zip Code | 60712 |
| Area | Lincolnwood |
