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Listing provided courtesy of Sperry Van NessMREDas Distributed by MLSGrid- MLS# 12608479MLS Provider

4601 N Lincoln AvenueChicago, IL 60625

Commercial · 2,500 Sq. ft.
$125,000 Active

4601 N Lincoln Avenue Overview

Time on Site:
88 days
Visits:
1

Prime corner location in Lincoln Square with outstanding visibility, strong foot traffic, and a proven presence in one of Chicago's most desirable dining districts. 1,600 SF fully built-out restaurant featuring a full commercial kitchen and efficient layout, ideal for a wide range of concepts. All licenses in place, including Retail Food Incidental Liquor License and sidewalk cafe permit, allowing for seamless transition to new ownership. Seating for 50 guests indoors plus a notable outdoor dining component; location has successfully operated for over 20 years, demonstrating long-term viability. The offering does not include the name of the business or its intellectual property.

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4601 N Lincoln Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 2,500
  • Price/Sq.ft. $50

Details

General

Income/Expenses

  • Existing Lease Type: Gross
  • Operating Expense: 999

Business Information

  • Business Name: Essence Of India
  • Business Type: Food & Beverage,Restaurant
  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Lincoln Square

Rent/Lease Information

  • Lease Expiration: 2027-04-30

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2024

General Information

  • Parcel Number: 77777770000000
  • Possible Use: Commercial,Liquor License
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 2500

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Stories: 1

Unit Information

  • Unit SqFt.: 1600

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 125*110
  • Lot Size Square Feet: 13000

Waterfront/View

  • Waterfront: No

4601 N Lincoln Avenue Neighborhood

Community

60625 (Chicago) Demographics

35
Median Age
20,166
Population Density (per sq. mile)
56%
College Educated
$73,114
Estimated Median Income
11,857
Estimated Total Home Owners
18,306
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4601 N Lincoln Avenue Monthly Cost

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$ %
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$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4601 N Lincoln Avenue Market Data

Based on the last 30 days in this zip code

$543,445
Average List Price
$457
Average Price per Square Foot
39
Properties Sold
37
Average Days on Market
79
Properties for Sale
Calculations provided by Reliance Network

4601 N Lincoln Avenue History

Date Event Value Agent
4/7/2026Source: MRED Status Change
Active
4/2/2026Source: MRED Added to Database
April 02, 2026