Retail N Illinois

CBRE tapped to market Lakeview retail building

CBRE tapped to market new Lakeview retail building,ph1

CBRE has been retained by ownership to list a 38,896-square-foot retail property at 3345-3361 N. Lincoln Avenue in Chicago. The site is at the convergence of three dense neighborhoods on Chicago’s North Side—Lakeview, Roscoe Village and North Center. All three markets have historically low vacancy rates and appreciating rents.

“This is an amazing opportunity in one of the North Side’s strongest markets,” said Keely Polczynski of CBRE, who will represent ownership in the listing. “The newly-renovated property has major long-term tenants in place, as well as opportunities for leasing, making it an excellent value-add play.”

Located on the high-profile corner of Lincoln Avenue and Roscoe Street in Chicago’s Lakeview neighborhood, the property features 18,705 square feet of street level retail space that has 207 feet of frontage on Lincoln. The ground floor has two vacancies, including a 3,183-square-foot corner suite. The top floor is 100 percent leased to Reverb, an on-line provider of musical equipment, and Sola Salon.