3921 W TOUHY Avenue
Lincolnwood, IL, 60712
$1,200,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12158047 image #0
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.

Property Details

Price:
$1,200,000
MLS #:
MRD12158047
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
lincolnwood
Listed Date:
Sep 7, 2024
Total Sq Ft:
4,800
Year Built:
1970
LincolnwoodLincolnwood

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Schools

Interior

Cooling
Central Air, Central Individual

Exterior

Stories
1

Financial

HOA Fee Frequency
Not Applicable
Net Operating Income
$93,208
Tax Year
2023
Taxes
$30,992

Map

Community

Market Summary

Current real estate data for Commercial in Lincolnwood as of Oct 07, 2026
8
Commercial Listed
194
Avg DOM
$1,149,950
Avg List Price

Property Summary

    3921 W TOUHY Avenue Lincolnwood IL is a Commercial for sale in Lincolnwood, IL, 60712. It is listed for $1,200,000

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3921 W TOUHY Avenue
Lincolnwood, IL