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Unit Size: 4,650 SF
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Condo Use: Retail
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Price: $375,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $80.65 USD
Description
This commercial space at the base of a 440 unit luxury apartment complex is available for all use (call broker there are some covenants); including retail, restaurant, groceries, coffee shop, office or medical. Formerly a restaurant. Located amongst local staples such as Chicago Pizza and Oven Grinder Company, R.J. Grunts, Geja's Cafe and Park West entertainment venue. Locals and tourist alike enjoy nearby attractions such as the Lincoln Park Zoo (over 3M visitors*), Peggy Notebaert Nature Museum (250,000 visitors*), Green City Market (Up to 10,000 visitors**) at Lincoln Park and North Avenue Beach (6.5M visitors*) which attract 2 million visitors for the Air and Water Show. Ready for experienced operator. Directly across from LINCOLN PARK ZOO with over 3 million visitors annually. Includes two exhaust hoods, walk-in freezer and walk-in cooler. High visibility in a perfect location.
Sale Notes
**SALE NOTES – 2020 N Lincoln Park West, Unit CU1 | Chicago, IL 60614**
**Property Overview:**
Prime 4,650 SF ground-floor commercial condo located in the heart of Lincoln Park, one of Chicago’s most established and affluent neighborhoods. Positioned at the base of a 440-unit luxury residential tower and surrounded by high-rise buildings, this corner unit offers unparalleled exposure to heavy foot traffic, destination visitors, and a stable high-income local population.
**Former Use:**
Previously occupied by the Original Pancake House for over 25 years. Restaurant infrastructure remains in place, but the space is easily adaptable for other high-value commercial uses.
**Ideal Uses:**
Restaurant, Coffee Shop, Retail Boutique, Medical, Dental, Chiropractic, Fitness Studio, Spa/Salon, Gallery, or Professional Office. B1-2 zoning offers flexible use potential.
**LOCATION ADVANTAGE**
**High Traffic + Tourist Magnet:**
* Located steps from **Lincoln Park Zoo** (over **3.6 million annual visitors** – free admission all year)
* One block from **Green City Market**, **Peggy Notebaert Nature Museum**, **North Pond**, and **Park West Theater**
* Constant year-round foot traffic from residents, tourists, eventgoers, and runners/cyclists from the lakefront path
* CTA bus stops within 200 feet; 5-minute drive to Lake Shore Drive; short walk to Clark St retail corridor
**DEMOGRAPHICS** *(2023 Data — 1 Mile Radius)*
* **Population:** 54,000+
* **Households:** 28,500+
* **Median Household Income:** \$132,000+
* **Average Household Income:** \$188,000+
* **Daytime Population (includes workers and visitors):** 90,000+
* **Walk Score:** 96 (“Walker’s Paradise”)
* **Bike Score:** 92
* **Transit Score:** 80
**PROPERTY FEATURES**
* ±4,650 SF corner commercial condo
* Large window line and high ceilings
* Existing kitchen infrastructure (grease trap, venting, plumbing – confirm with broker)
* Strong visibility with signage potential
* In the base of a well-managed 440-unit high-rise condo
* Utilities and mechanicals in place; minimal buildout for similar uses
* Ideal for both owner-users and long-term investors
**CONDO ASSOCIATION NOTES**
* **Right of First Refusal applies** (unit sale subject to board review and match rights)
* Use restrictions/covenants in place—please inquire
* Professionally managed, healthy reserves, stable assessments
**Zoning:** B1-2
**Property Use:** Retail | Restaurant | Medical | Office | Service
**Available:** Immediately
**Sale Type:** Fee Simple Interest
**Summary:**
With high visibility, rich foot traffic, and direct access to one of Chicago’s highest income, highest density neighborhoods, 2020 N Lincoln Park West presents a rare ownership opportunity in a true legacy location. Whether you’re expanding a brand, opening a flagship, or securing long-term real estate for a stable business model—this offering is a standout.
Ariel Marini
Berkshire Hathaway
