Free-Standing Retail Building with
3711 W Lawrence Avenue Chicago, IL 60625
3711 W Lawrence Avenue, Chicago, IL, 60625
$1,160,000
For Sale
$1,160,000
Retail space with parking, drive-through, and development potential.
Property Size3,000 SF
Lot Size0.29 Acres
Price / SF$386.67
Days on Market304
Property Features for 3711 W Lawrence Avenue
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.29 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1983
Listing agency
COLDWELL BANKER REALTY
(312) 266-7000
Listed by
KELLY WONG · License #475130230
Source
Corcoran
Added: Sep 22, 2025 Updated: Jul 10 at 3:46PM Checked: Jul 21 at 5:22AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This property features a free-standing building with approximately 3,000 square feet of clear span space and includes two bathrooms and two exam rooms suitable for a doctor's office. The site, zoned B1-2, sits on a 100x125 lot, totaling approximately 12,500 square feet, and includes over 20 parking spaces with a drive-through driveway. The property has two entrances and exits and is located next to an alley. The zoning allows for various development opportunities, including condos, commercial retail spaces, strip centers, banks, and drive-thru restaurants. The location is near national retailers, fitness centers, restaurants, Circle K, 7-Eleven, and offices. It is conveniently located close to downtown and easily accessible from the expressway. The owner is willing to lease out the property and lease back six parking spaces for Tesla superchargers, presenting an investment opportunity.
Key Highlights
- Prime location with high development potential due to B1‑2 zoning, suitable for condos, retail, or restaurants.
- Free‑standing 3,000 sq ft clear span building with 2 bathrooms and 2 exam rooms.
- Over 20 parking spaces with a drive‑through driveway, a rare amenity in the area.
Local Financial Insights For 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 | $64.8k | $21.60 |
| − Vacancy | −$5.5k | −$1.84 |
| EGI | $59.3k | $19.76 |
| − OpEx | −$17.8k | −$5.93 |
| NOI | $41.5k | $13.83 |
3,000 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$592.9K
$518.8K – $691.7K
NOI $41,504 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,014 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Courtney Sye Bandemer
Physician
Naz Fatima Rizvi
Physician
Courtney Bandemer
Physician
Dzejna Mezbur
Physician
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FAQs
What type of property is this?
Retail space - Retail space with parking, drive-through, and development potential.
Where is this retail space located?
The property is located at 3711 W Lawrence Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,160,000.
What are key features of this property?
This property features: Prime location with high development potential due to B1‑2 zoning, suitable for condos, retail, or restaurants.; Free‑standing **3,000 sq ft clear span building** with 2 bathrooms and 2 exam rooms.; Over **20 parking spaces with a drive‑through driveway**, a rare amenity in the area.
