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$1,200,000
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Property Description
Prime Investment Opportunity | 7.78% CAP | Fully Leased Retail Strip in Lincolnwood Exceptional opportunity to acquire a fully stabilized retail strip center in a high-visibility, high-traffic corridor of Lincolnwood. This B2-zoned property is 100% occupied with long-term tenants, offering immediate and reliable income from day one. The building features approximately 4,800 square feet of leasable space, currently configured as three 1,600 SF units, providing flexibility for a diverse tenant mix. Located in a densely populated and highly desirable trade area, the property benefits from strong surrounding demographics, including approximately 15,000 residents within a 1-mile radius, nearly 300,000 within 3 miles, and over 800,000 within 5 miles. The average household income in the area exceeds $100,000, supporting consistent retail demand. Adding to the long-term upside, the highly anticipated District 1860 mixed-use development-just 0.6 miles away at Touhy & Lincoln-will significantly enhance both foot and vehicle traffic in the immediate area, further strengthening retail activity and tenant stability. The property has been extensively updated, including a new roof, HVAC/AC systems, water heater, and electrical, making it a low-maintenance, turnkey investment. In addition, the site offers 15+ parking spaces, ensuring convenience for both tenants and customers. With a diverse and dynamic demographic base, this location supports a wide range of retail and service-oriented businesses without reliance on a single customer segment. This is a rare opportunity to secure a well-maintained, income-producing asset in one of the most active retail corridors in the North Shore market.
Full Property Details
Full Property Details for 3921 West Touhy Avenue
General
- Price: $1,200,000
- Taxes: $30,992 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12158047
- Updated: 10/1/2026
- Added to Site: 759 day(s) ago
Business
- Business Type: Retail
Additional Information
- Security/Safety: Fire Extinguisher(s), Carbon Monoxide Detector(s)
Location
- Area: Lincolnwood
- County: Cook
- Township: Niles
- Driving Directions: TOUHY AVE. ONE BLOCK WEST OF CRAWFORD ON SOUTH SIDE OF THE STREET.
- Location Details: Central Business District, Park Adjacent, Public Transport Avail, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Structural Information
- Stories/Levels: 1
- Square Feet: 4,800
- Current Bldg. Use: Medical/Dental
- Year Built: 1970
Lot Features
- Lot Size (Sq. Ft.): 47,043
- Lot Dimensions: 100 x 140
- Frontage: City Street
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Fire Extinguisher/s, Carbon Monoxide Detector(s)
- Assessment Year: 1970
- Tax Amount: $30,992
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Operating Stops, Taxes, Insurance, Repairs, Scavenger, Tax Stops, Sewer
Disclosures and Reports
- Property ID: 10351000360000
Listed by Platinum Partners Realtors
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Schools
Schools serving 3921 West Touhy Avenue
| Name | Grades | Distance |
|---|---|---|
Todd Hall Elementary School 3925 West Lunt Avenue, Lincolnwood, IL 60712 | PK-2 | 0.3 mi |
Rutledge Hall Elementary School 6850 N East Prairie Rd, Lincolnwood, IL 60712 | 3-5 | 0.4 mi |
Lincoln Hall Middle School 6855 North Crawford Avenue, Lincolnwood, IL 60712 | 6-8 | 0.4 mi |
Niles West High School 5701 Oakton Street, Skokie, IL 60077 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3921 West Touhy Avenue
Date
Details
Price
Change
Source
9/09/2024
Price Reduced
$1,200,000
-90%
MLS
9/07/2024
Listed
$12,000,000
2300%
MLS
12/15/2015
Sold
$500,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3921 West Touhy Avenue
Year
Property Taxes
Change
Tax Assessment
Change
2023
$30,992
—
$179,750
55%
2023
$30,992
4%
$115,904
—
2022
$29,770
-33%
$115,904
-24%
2021
$44,514
47%
$153,434
44%
2020
$30,283
-24%
$106,334
-31%
2019
$39,646
160%
$153,246
173%
2018
$15,224
-16%
$56,103
—
2017
$18,026
-45%
$56,103
-56%
2016
$32,774
12%
$126,520
22%
2015
$29,135
4%
$104,110
—
2014
$27,956
2%
$104,110
—
2013
$27,330
49%
$104,110
44%
2012
$18,403
—
$72,337
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3921 West Touhy Avenue
3921 W Touhy Avenue, Lincolnwood, IL 60712 (MLS# 12158047) is a Commercial property. 3921 W Touhy Avenue is currently listed for $1,200,000 and was received on September 07, 2024. Want to learn more about 3921 W Touhy Avenue? Do you have questions about finding other Commercial real estate for sale in Lincolnwood? You can browse all Lincolnwood real estate or contact a Coldwell Banker agent to request more information.

