Corner Retail
For Sale
Contact for pricing
2413 W Lawrence Avenue, Chicago, IL 60625
Ground-floor space occupies a prominent corner position at Western and Lawrence Avenues.
Property Size1,169 SF
Price / SF$0.01
Days on Market27
Property Features for 2413 W Lawrence Avenue
General Information
Standard status
Active
Size
1,169 SF
Property subtype
Retail
Zoning
B3-3
Site & Location
Neighborhood
Lincoln Square
Building Details
Year Built
1915
Listing Agency:
Sperry Van Ness
(312) 676-1866
Listed By:
Adam Napp · License #475134494
(773) 865-2921
Source:
Helenoliveri
Added: Oct 6
Changed: Nov 1
Last Checked: Oct 31 at 11:43PM
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 Sperry Van Ness
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,169-square-foot retail space is on the ground floor of a building constructed in 1915. Its corner position places it at Western and Lawrence Avenues in Chicago’s Lincoln Square neighborhood.
The intersection records a combined traffic count of 41,200 vehicles per day. The property is zoned B3-3 and falls within Chicago’s 40th Ward.
The intersection records a combined traffic count of 41,200 vehicles per day. The property is zoned B3-3 and falls within Chicago’s 40th Ward.
Key Highlights
- 1,169 square feet of ground‑floor retail space
- Corner location at Western and Lawrence Avenues in Lincoln Square
- Combined intersection traffic count of 41,200 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,173
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,460
$323.5K
Cap Rate 7%
$231,043
$231.0K
Cap Rate 9%
$179,700
$179.7K
Market Conditions
NOI Build-Up for 1,169 SF
Gross rent
$25.3K $21.60/SF
− Vacancy
−$2.1K −$1.84/SF
EGI
$23.1K $19.76/SF
− OpEx
−$6.9K −$5.93/SF
NOI
$16.2K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,460
Cap Rate 7%
$231,043
Cap Rate 9%
$179,700
Alternative Uses
Best Use
Retail
$231.0K
$202.2K – $269.6K
NOI $16,173 @ 7.0% cap · market cap 101,081.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$551.2K
$482.3K – $643.1K
NOI $38,583 @ 7.0% cap · market cap 241,143.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,787
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 32%
Home Improvements & Furnishings 4%
Beauty & Spa 1%
Wendy's
Dining
16,427 visits/mo
0.4 miles
Burger King
Dining
14,996 visits/mo
0.1 miles
Dollar Tree
Shops & Services
8,360 visits/mo
0.1 miles
AutoZone
Shops & Services
7,489 visits/mo
0.0 miles
Little Caesars Pizza
Dining
7,253 visits/mo
0.2 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
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor space occupies a prominent corner position at Western and Lawrence Avenues.
Where is this retail space located?
The property is located at 2413 W Lawrence Avenue Chicago, IL.
What are key features of this property?
This property features: 1,169 square feet of ground‑floor retail space; Corner location at Western and Lawrence Avenues in Lincoln Square; Combined intersection traffic count of 41,200 vehicles per day
