5151 N Lincoln Ave

5151 N Lincoln Ave, Chicago, IL 60625

Property Information

  • For Lease $35.00 - $40.00/SF/YR
  • Property Type Retail - Street Retail
  • Property Size 55,000 SF
  • Units 42
  • Property Tenancy Multi-Tenant
  • Year Built 2026
  • Date Updated Sep 25, 2026

Description

Chicago’s Lincoln Square is a vibrant North Side neighborhood known for its walkable streets, strong residential base, and distinctive mix of independent restaurants, boutiques, entertainment, and neighborhood-serving businesses. Anchored by the Lincoln Avenue, Western Avenue, and Lawrence Avenue commercial corridors, the neighborhood offers the energy of an urban business district with an established, community-driven feel—creating a compelling environment for retailers, professional offices, creative users, and live-work concepts. Exceptional connectivity further strengthens Lincoln Square’s appeal, with multiple CTA Brown Line stations, nearby Ravenswood Metra service, and convenient access throughout Chicago’s North Side and Downtown. Ongoing investment in the Western Brown Line station and new mixed-use development reinforce the neighborhood’s continued momentum, while its active dining, shopping, and cultural scene generates consistent pedestrian activity throughout the day and evening. For businesses seeking visibility, accessibility, and a built-in neighborhood customer base, Lincoln Square offers a highly desirable location in one of Chicago’s most established commercial districts.Rare opportunity to lease 2,900 SF of new-construction corner retail at the base of a fully leased 42-unit luxury apartment building at Lincoln & Foster in Lincoln Square. The space is divisible to 1,450 SF and offers nearly 100' of retail frontage with approximately 21,000 VPD and excellent visibility from both avenues. Delivered in vanilla-box condition, the space features an ADA-compliant restroom, electrical service, HVAC, drywalled perimeter walls, and poured-concrete subfloor. B2-3 zoning allows for a variety of retail and service uses. The property benefits from strong neighborhood demographics, a diverse mix of residents, and convenient access to public transportation.

Highlights

  • 2,900 SF new construction corner retail space, divisible to 1,450 SF, situated at the base of a fully leased 42-unit luxury apartment building.
  • B2-3 zoning designation allows for a variety of retail and service-based uses.
  • Easy access to public transportation.
  • Excellent visibility along Lincoln & Foster Avenues with nearly 100’ of retail frontage.
  • Located at the corner of Lincoln and Foster Avenues in Lincoln Square with 21,000 VPD.
  • Space is currently in vanilla-box condition, featuring one (1) ADA-compliant restroom, electrical service, HVAC, drywalled perimeter walls, and a level poured-concrete subfloor.
  • Strong neighborhood demographics characterized by a diverse mix of young professionals, families, and established longtime residents.

2 Spaces Available

Retail A

Space Type

Street Retail

Lease Rate

$40.00/SF/YR

Total Space

1,450 SF

Floor

Ground

Divisible Space

1,450 - 2,900 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Vanilla Box delivery

Retail B

Space Type

Street Retail

Lease Rate

$35.00/SF/YR

Total Space

1,450 SF

Floor

Ground

Divisible Space

1,450 - 1,450 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Vanilla Box delivery

Contacts

Location

Located at 5151 N Lincoln Ave, Chicago, IL 60625, this property is part of the Ravenswood neighborhood and Chicago market.

Contact Listing Broker
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