773-865-2921
6677 N Lincoln Ave, Lincolnwood, IL for Sale
Medical - FOR SALE
1/31
null | Request Cap Rate

6677 N Lincoln Ave
Lincolnwood, IL 60712


HIGHLIGHTS

  • 4-dtory office building built in 1968 and well-maintained with 120 dedicated off-street parking spots and new HVAC chillers and electronics in 2019
  • Recent upgrades with lobby and hallway LED lighting, lobby security camera, and monitors, surface lot repair, sealing, and striping
  • Historically low vacancy rates Diverse and stable tenant mix
  • Two tenants have been in the building for more than 25 years and four tenants have been in the building for more than 15 years
  • U.S. Bank, with investment grade credit, has occupied 3,189 SF since 2004, and has just executed an extension through 12/31/2029 with options
  • Owner-User or Covered Land Play | Price is Subject to Offer

OVERVIEW

SVN Chicago Commercial is pleased to exclusively offer 6677 N. Lincoln Avenue in Lincolnwood, IL for sale. This opportunity consists of a 28,336 Rentable Square Foot (RSF), four-story Office building situated on an approximately 51,881 square foot land site. Its construction was completed in 1968 and has been renovated several times since. Several long-term tenants, one of more than 29 years and three of more than 15 years have made their business home here, indicating the long-term health and stability of its rent roll. 65% of the building’s RSF have been tenants for a minimum of 5 years. 6677 N. Lincoln also has access to 120 on-grade surface parking stalls, providing ample parking for tenants. The tenant roster is diverse with industries such as Consulting, F.I.R.E, Professional Services, Medical Services and Service Repair represented. Two key tenants are MTS Consulting and US Bank. MTS Consulting is a 20-year-old company occupying the largest suite in the building, 3,898 RSF. US Bank brings investment grade credit to the rent roll and has occupied 3,189 RSF of ground floor space for over 20 years and has just signed a 5-year extension through 12/31/2029 with additional options to extend. The property is zoned B1 (Business / Residential Transition Area) and has great potential as a long-term development site. The subject building is prominently positioned just east of Interstate 94 (Edens Expressway) in Lincolnwood, IL, and is located in a transit-oriented area complete with easy access to CTA and Metra transportation. Situated on Lincoln Avenue, the main artery between Chicago and the Suburban North Shore, the property is less than 1 mile from District 1860. This large-scale mixed-use development features 300 luxury apartments, an Amazon Fresh store and popular restaurant offerings from Francesca’s Restaurant Group. Price is Subject to Offer.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Bank, Freestanding

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,881 SF

ZONING

B-1

APN/PARCEL ID

10-35-301-030-0000,10-35-301-031-0000,10-35-301-046-0000,10-35-301-066-0000

ASK ABOUT THIS PROPERTY

Adam NappSVN | Chicago CommercialMore Info
773-865-2921

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Adam NappSVN | Chicago CommercialMore Info
773-865-2921

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.