Chicago MSA (Lincolnwood) | Stabilized Suburban Office Building

The Village of Lincolnwood is located approximately 10 miles north of downtown Chicago and serves as the gateway to Chicagoland’s North Shore. It is an affluent and diverse community of 12,590 residents with tree-lined streets, beautiful neighborhoods and parks, an excellent school system, and a prosperous business community. Strategically located along the Edens Expressway (I-94), Lincolnwood has all the advantages of other thriving suburban communities while also being immediately adjacent to the city of Chicago. The Village boasts great markets, a skilled labor pool, a large day-time population, and responsive and efficient local Government. Newly built is District 1860, a long-awaited 8-acre multi-use development on the site of the former “Purple Hyatt” on Touhy Ave. This project will bring several high-profile retailers and seasoned hospitality companies to Lincolnwood including Amazon Fresh, Fatpour Tap Works, Fat Rosie’s Taco and Tequila, and Davanti Enoteca to name a few. Lease-up of the approximately 300 apartments has been brisk, bringing affluent renters to the area with highly desirable demographics. Additionally, Lettuce Entertainment and Lou Malnati’s (original location) have operated thriving restaurants within steps of the property for decades. Lincolnwood offers a flourishing economy that supports all commercial real estate asset classes. The Northeast Industrial Corridor is home to light manufacturing, warehouse and storage uses.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.