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    5924 W Lawrence Ave Chicago, IL 60640

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    For Sale
    $314,000

    2000 SF mixed-use building with parking and high visibility.

    Property size:
    2,000 SF
    Lot size:
    0.10 Acres

    Property Features for 5924 W Lawrence Ave

    General Information

    Size
    2,000 SF
    Lot size
    0.10 Acres

    Source: @Properties | Chicago (North) Agent Michael Levin

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

    Overview

    Freestanding Commercial Building Near Lawrence

    This freestanding masonry commercial building offers 2000 square feet of space and is situated on a 4488 square foot lot. Zoned B1-1, the property benefits from high visibility with 10,800 vehicles per day passing by. It is located near the corner of Lawrence and Austin, adjacent to the Lawrence Plaza retail strip center. The building is currently configured as two retail spaces and features a classic facade, 12-foot ceilings, a 200 amp electric system, bright window line, modern lighting, and a prominent signage area. There are eight parking spaces located in the rear parking lot. The property is suitable for a variety of commercial uses, including retail, professional services, office space, insurance, law, real estate, medical practices, schools, and adult education centers. Area retailers and businesses include Printers Row Brewing, Sandy's Bakery & Deli, Pho No.1 Vietnamese Cuisine, Taqueria Amigo Chino 2 Galvin's Public House, Carpet & Flooring USA, The Lot Live music venue, Delightful Pastries, and Prestige Liquors.
    Insight Report Location Intelligence

    Current Use by Public Records

    Art of Hair Hair Salon

    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
    -87.7758248
    Latitude
    41.9679457

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    FAQs

    What type of property is this?
    Retail space - 2000 SF mixed-use building with parking and high visibility.
    Where is this retail space located?
    The property is located at 5924 W Lawrence Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $314,000.
    What are key features of this property?
    This property features: - Freestanding masonry commercial building with B1-1 zoning suitable for Office/Retail/mixed-use.; - High visibility location with **10,800 vehicles per day (VPD)**.; - **Eight (8) parking spaces** in rear parking lot.
    (773) 772-0200
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    Chicago, IL 60640
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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
    5924 W Lawrence Ave Chicago, IL 60640
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