3921 W TOUHY Avenue, Lincolnwood, IL
  • $1,200,000

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.

  • Listing Courtesy of: Platinum Partners Realtors

Details

Updated on July 17, 2026 at 4:33 pm
  • Property ID MRD12158047
  • Price $1,200,000
  • Year Built 1970
  • Property Type Bad
  • Property Status Active
  • Parcel Number 10351000360000
  • MLS Status Active
  • Days On Market 678
  • Cumulative Days On Market 596
  • Tax Annual Amount 30992
  • Cooling Central Air,Central Individual
  • Directions TOUHY AVE. ONE BLOCK WEST OF CRAWFORD ON SOUTH SIDE OF THE STREET.
  • Association Fee Frequency Not Applicable
  • BuildingAreaTotal 4800
  • LotSizeSquareFeet 47043
  • StoriesTotal 1
  • Address 3921 W TOUHY Avenue
  • City Lincolnwood
  • State/county IL
  • Zip/Postal Code 60712
  • Country United States

Overview

Property ID: MRD12158047
  • Bad
  • Property Type
  • 1970
  • Year Built

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