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6677 N Lincoln Ave

28,336 SF 65% Leased Office Building Lincolnwood, IL 60712 For Sale

Investment 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
  • Historically low vacancy rates Diverse and stable tenant mix
  • 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
  • Recent upgrades with lobby and hallway LED lighting, lobby security camera, and monitors, surface lot repair, sealing, and striping
  • 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
  • Owner-User or Covered Land Play | Price is Subject to Offer

Executive Summary

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.

Attachments

Sale OM

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
28,336 SF
Building Class
B
Year Built/Renovated
1968/2021
Percent Leased
65%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
7,084 SF
Building FAR
0.55
Lot Size
1.19 AC
Zoning
B-1 - (Residential / Business Transition Area)
Parking
40 Spaces (1.41 Spaces per 1,000 SF Leased)

Amenities

  • Property Manager on Site
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste LL2
  • 692 SF
  • Office
  • -
  • Now

Fully-built, lower-level, one room unit

  • 2nd Fl-Ste 236
  • 497 SF
  • Office
  • -
  • Now

Perfect small office space that is divided in half, open area front and private office in the back.

  • 2nd Fl-Ste 333
  • 1,210 SF
  • Office
  • -
  • Now

1,210 SF space with five (5) private offices or each office could be rented individually including internet and shared kitchenette.

  • 3rd Fl-Ste 300
  • 2,098 SF
  • Medical
  • -
  • Now

Former dental office with five (5) Ops, two (2) lab areas, two (2) private offices, reception area, and storage

  • 3rd Fl-Ste 330
  • 1,555 SF
  • Office
  • -
  • Now

Reception area, small conference room, open work area with two work stations and production area, three large private offices, kitchen, one bathroom, IT/storage closet, corner space

  • 4th Fl-Ste 410
  • 2,022 SF
  • Office
  • -
  • Now

Move-in ready office space with reception area, two open work areas, 4 private offices, production area, storage closet, kitchenette

  • 4th Fl-Ste 430 A-B
  • 1,806 SF
  • Office
  • -
  • Now

Approximately 1,141 SF with three (3) private offices and three (3) workstations. Drop ceiling and carpet squares. Suite 430B - Approximately 665 SF with one (1) large conference room and two (2) workstations. Drop ceiling and carpet squares. Both are currently combined and could be delivered that way or separately.

Space Size Space Use Condition Available
1st Fl-Ste LL2 692 SF Office - Now
2nd Fl-Ste 236 497 SF Office - Now
2nd Fl-Ste 333 1,210 SF Office - Now
3rd Fl-Ste 300 2,098 SF Medical - Now
3rd Fl-Ste 330 1,555 SF Office - Now
4th Fl-Ste 410 2,022 SF Office - Now
4th Fl-Ste 430 A-B 1,806 SF Office - Now

1st Fl-Ste LL2

Size
692 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 236

Size
497 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 333

Size
1,210 SF
Space Use
Office
Condition
-
Available
Now

3rd Fl-Ste 300

Size
2,098 SF
Space Use
Medical
Condition
-
Available
Now

3rd Fl-Ste 330

Size
1,555 SF
Space Use
Office
Condition
-
Available
Now

4th Fl-Ste 410

Size
2,022 SF
Space Use
Office
Condition
-
Available
Now

4th Fl-Ste 430 A-B

Size
1,806 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste LL2

Size 692 SF
Space Use Office
Condition -
Available Now

Fully-built, lower-level, one room unit

2nd Fl-Ste 236

Size 497 SF
Space Use Office
Condition -
Available Now

Perfect small office space that is divided in half, open area front and private office in the back.

2nd Fl-Ste 333

Size 1,210 SF
Space Use Office
Condition -
Available Now

1,210 SF space with five (5) private offices or each office could be rented individually including internet and shared kitchenette.

3rd Fl-Ste 300

Size 2,098 SF
Space Use Medical
Condition -
Available Now

Former dental office with five (5) Ops, two (2) lab areas, two (2) private offices, reception area, and storage

3rd Fl-Ste 330

Size 1,555 SF
Space Use Office
Condition -
Available Now

Reception area, small conference room, open work area with two work stations and production area, three large private offices, kitchen, one bathroom, IT/storage closet, corner space

4th Fl-Ste 410

Size 2,022 SF
Space Use Office
Condition -
Available Now

Move-in ready office space with reception area, two open work areas, 4 private offices, production area, storage closet, kitchenette

4th Fl-Ste 430 A-B

Size 1,806 SF
Space Use Office
Condition -
Available Now

Approximately 1,141 SF with three (3) private offices and three (3) workstations. Drop ceiling and carpet squares. Suite 430B - Approximately 665 SF with one (1) large conference room and two (2) workstations. Drop ceiling and carpet squares. Both are currently combined and could be delivered that way or separately.

Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 10-35-301-046-0000
  • 10-35-301-031-0000
  • 10-35-301-030-0000
  • 10-35-301-066-0000
Land Assessment
£244,402
Improvements Assessment
£285,075
Total Assessment
£529,477
  • Listing ID: 34083837

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 6677 N Lincoln Ave, Lincolnwood, IL 60712

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