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    2338 W Lawrence Ave Chicago, IL 60625

    For Lease
    $22 SF/Yr

    High-visibility retail space in Lincoln Square near major retailers.

    Property Features for 2338 W Lawrence Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1924

    Source: STRAUSS REALTY LTD Agent MOSHE WEINBERGER

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

    Overview

    Prime Retail Space in Chicago

    Located in Chicago, this 1,776-square-foot retail space is co-located with a flagship Walgreens store. Formerly a bike shop, the storefront offers high visibility at the entrance to Lincoln Square's shops and dining options, making it suitable for various retail businesses. The location benefits from significant traffic, with 14,500 vehicles passing along Lawrence Avenue daily and 30,100 vehicles on Western Avenue. Situated across the street from established businesses such as Gene's Sausage Shop, Merz Apothecary, and Book Cellar, the property taps into a large customer base within a 2-mile radius, comprising a population of 262,546 with an average household income of $102,661.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.6882173
    Latitude
    41.9688525

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    FAQs

    What type of property is this?
    Retail space - High-visibility retail space in Lincoln Square near major retailers.
    Where is this retail space located?
    The property is located at 2338 W Lawrence Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location with 14,500 vehicles on Lawrence Avenue and 30,100 on Western Avenue daily.; - Co-tenancy with Walgreens flagship location.; - Prime storefront location at the entrance to Lincoln Square shops and dining.
    (773) 736-3600
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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
    2338 W Lawrence Ave Chicago, IL 60625
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