Mark B. Weiss Real Estate

🏙️ Prime Lincoln Park Development Site

2440–42 N. Lincoln Ave | Lincoln Park

6,000 SF | 50’ x 120’ | B3-3 Zoning

2440–42 N. Lincoln Avenue in Lincoln Park presents a rare opportunity to develop in one of Chicago’s most sought-after, supply-constrained corridors. This 6,000 SF site (50’ x 120’) is ideally positioned just steps from DePaul University and directly across from the Biograph Theatre, placing it in the center of a dense, walkable, transit-served location.

Zoned B3-3, the property supports approximately 18,000 buildable square feet (3.0 FAR), with additional upside through Transit-Oriented Development incentives that can increase density and reduce parking requirements. The site allows for an estimated 15 residential units at base density, creating strong flexibility for a variety of development strategies.

The highest and best use is a mixed-use development with retail at grade and residential or commercial above. Apartments, condominiums, boutique office, medical, or wellness concepts all align well with the surrounding demand and neighborhood character.

Lincoln Park’s high-income, highly educated, and renter-heavy population provides a built-in customer base for both residential and retail uses, making this an ideal location for long-term investment success.

The property currently includes one month-to-month tenant and one lease in place through August 2028, offering immediate income with future redevelopment optionality.

For more information, reach out directly.

Mark B. Weiss, CCIM

773-871-1818

- https://mailchi.mp/d8da3b067447/priced-reduced-west-loop-commercial-worklive-6000-sq-ft-premium-office-condo-13900637