Freestanding Retail
For Lease
$70 SF/Yr
1620 W Lawrence Avenue, Chicago, IL 60640
Fully renovated freestanding retail building with modernized exterior and shared on-site parking.
Space SizeContact for details
Lot Size0.16 Acres
Days on Market29
Property Features for 1620 W Lawrence Avenue
General Information
Standard status
Active
Lot size
0.16 Acres
Property subtype
Commercial
Zoning
B3-1.5
Taxes and HOA fees
Annual Taxes
$20,910
Amenities
Central air
Central Air Cooling
Building Details
Year Built
1987
Listing Agency:
COMPASS
(312) 319-1168
Listed By:
KIERAN CONLON
Source:
Corcoran
Added: Jul 14
Changed: Aug 10
Last Checked: Aug 10 at 5:13AM
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 COMPASS
Investment Insights
Based on property information with market context.
This fully renovated freestanding retail building sits on a large 7,140 square foot lot and has a newly modernized exterior, storefront, roof, mechanicals, and interior. The building includes one ADA restroom and is set up and ready for a tenant’s custom build-out.
The property is located on a busy stretch of Lawrence Avenue in Ravenswood/Uptown, providing exposure to both foot and vehicle traffic. Shared on-site parking is available for visitors and customers.
Zoned B3-1.5, the site is positioned to support a range of retail and office uses, subject to applicable approvals.
The property is located on a busy stretch of Lawrence Avenue in Ravenswood/Uptown, providing exposure to both foot and vehicle traffic. Shared on-site parking is available for visitors and customers.
Zoned B3-1.5, the site is positioned to support a range of retail and office uses, subject to applicable approvals.
Key Highlights
- 1987‑built, fully renovated freestanding retail building on a 7,140 SF lot
- Modernized exterior, storefront, roof, mechanicals, and interior
- One ADA restroom
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$10.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,421
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60640, IL
65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$27.2 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
4,071 SF
Avg Space Size
This space is priced 157% above the average of $27.2 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully renovated freestanding retail building with modernized exterior and shared on-site parking.
Where is this storefront property located?
The property is located at 1620 W Lawrence Avenue Chicago, IL.
What is the lease rate?
The lease rate is $70 SF/Yr.
What are key features of this property?
This property features: 1987‑built, fully renovated freestanding retail building on a 7,140 SF lot; Modernized exterior, storefront, roof, mechanicals, and interior; One ADA restroom
