Prime Retail Space in
For Lease
$20 SF/Yr
2338 W Lawrence Avenue, Chicago, IL 60625
High-visibility retail space in Lincoln Square near major retailers.
Space SizeContact for details
Days on Market843
Property Features for 2338 W Lawrence Avenue
General Information
Standard status
Active
Property subtype
Commercial
Amenities
Central air
Central Individual Cooling
Building Details
Year Built
1924
Listing Agency:
STRAUSS REALTY LTD
(773) 736-3600
Listed By:
MOSHE WEINBERGER · License #475183341
Source:
Corcoran
Added: Apr 23, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STRAUSS REALTY LTD
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,978
Businesses Nearby
173k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 38%
Groceries 15%
Electronics 3%
Aldi
Groceries
26,529 visits/mo
0.4 miles
McDonald's
Dining
26,439 visits/mo
0.1 miles
Chase Bank
Shops & Services
19,841 visits/mo
0.3 miles
Dollar Tree
Shops & Services
18,539 visits/mo
0.4 miles
Wendy's
Dining
15,143 visits/mo
0.5 miles
Demographics for 60625, IL
76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 SF
Avg Space Size
This space is priced 22% below the average of $25.68 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
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 Avenue Chicago, IL.
What is the lease rate?
The lease rate is $20 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.
