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    3240 W Lawrence Ave Chicago, IL 60625

    For Lease
    $20 SF/Yr

    Redeveloped retail space in Albany Park with customizable layout.

    Property Features for 3240 W Lawrence Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1920

    Source: COLDWELL BANKER REALTY Agent BRUCE HELLER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Albany Park Retail Space Available

    The building is undergoing redevelopment, offering a first-floor retail space that can be customized with several floor plans. The ownership is willing to collaborate with a tenant to tailor the layout to their specific needs. A loading dock is currently available and can be allocated to this space, as the upper floors will be converted into residential apartments. An additional 1,500 square feet of lower-level storage space is available for lease at $8 per square foot. The building's front facade is slated for upgrades. The space delivery is anticipated for late fall 2025. The property benefits from heavy pedestrian traffic in the densely populated Albany Park neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Liqudacin Por cierre Discount Store Jack Storage Units Self-Storage Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7101377
    Latitude
    41.9687073

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    FAQs

    What type of property is this?
    Retail space - Redeveloped retail space in Albany Park with customizable layout.
    Where is this retail space located?
    The property is located at 3240 W Lawrence Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Customizable floor plan to suit tenant needs.; - Prime location in densely populated Albany Park with heavy foot traffic.; - Loading dock availability.
    (312) 266-7000
    Request Owner's contact information
    3240 W Lawrence Ave Chicago, IL 60625
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3240 W Lawrence Ave Chicago, IL 60625
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