Restaurant For
1964 West Lawrence Avenue Chicago, IL 60640
1964 West Lawrence Avenue, Chicago, IL, 60640
$829,000
For Sale
$829,000
For sale restaurant property with approximately 3,720 square feet in Chicago.
Property Size3,720 SF
Price / SF$222.85
Days on Market572
Property Features for 1964 West Lawrence Avenue
General Information
- Standard status
- Active
- Size
- 3,720 SF
Building Details
- Year Built
- 1908
Listing agency
@properties Christie’s International Real Estate
(847) 507-7353
Listed by
Dylan Carrigan · License #475182088
(847) 507-7353
Source
Compass
Added: Dec 26, 2024 Updated: Jul 21 at 3:19AM Checked: Jul 21 at 3:19AM
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 @properties Christie’s International Real Estate
Investment Insights
Based on property information with market context.
This for-sale restaurant property is approximately 3,720 square feet and is suited for foodservice concepts including coffee shop, breakfast, diner, or restaurant uses, based on the property’s listed categories.
The property is located at 1964 West Lawrence Avenue in Chicago, Illinois 60640.
If you’re evaluating a foodservice space, this asset’s size and use positioning provide a straightforward starting point for concept planning and occupancy planning.
The property is located at 1964 West Lawrence Avenue in Chicago, Illinois 60640.
If you’re evaluating a foodservice space, this asset’s size and use positioning provide a straightforward starting point for concept planning and occupancy planning.
Key Highlights
- Restaurant property in Chicago built in 1908
- Approximately 3,720 square feet
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.2k | $26.40 |
| − Vacancy | −$5.9k | −$1.58 |
| EGI | $92.3k | $24.82 |
| − OpEx | −$23.1k | −$6.20 |
| NOI | $69.2k | $18.61 |
3,720 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$989.1K
$865.5K – $1.15M
NOI $69,237 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.05M
NOI $122,778 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sweet Moon
Bakery
Chicago Kitchen Remodeler ...
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Spoken Cafe — 1812 W Montrose Ave, Chicago, IL 60613
- Starbucks — 1900 W Montrose Ave, Chicago, IL 60613
- Backlot Coffee — 2424 W Montrose Ave, Chicago, IL 60618
- Dollop Coffee Co. — 1636 W Montrose Ave, Chicago, IL 60613
- T Square Cafe — 2205 W Montrose Ave, Chicago, IL 60618
FAQs
What type of property is this?
Coffee shop - For sale restaurant property with approximately 3,720 square feet in Chicago.
Where is this coffee shop located?
The property is located at 1964 West Lawrence Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Restaurant property in Chicago built in 1908; Approximately 3,720 square feet
