Vacant Restaurant with Redevelopment
For Sale
Contact for pricing
7319 W Lawrence Avenue, Harwood Heights, IL 60706
Vacant 8,500 SF restaurant sits on a 0.52-acre lot zoned for neighborhood shopping at a signalized corner intersection.
Property SizeContact for details
Days on Market123
Property Features for 7319 W Lawrence Avenue
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Chicago
(312) 279-5345
Listed By:
Sean Lutz · License #IL 475132482
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 1:51AM
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 SRS Real Estate Partners Chicago
Investment Insights
Based on property information with market context.
This offering includes the fee simple interest in a vacant restaurant building on a 0.52-acre lot. The property totals 8,500 SF and is presented as an opportunity for redevelopment or adaptive reuse under its existing zoning.
The site is located at a signalized, hard corner intersection of W. Lawrence Avenue and N. Octavia Avenue, with reported traffic of 17,800 VPD on W. Lawrence Avenue. It is also less than 1 mile from State Highway 43/Harlem Avenue, where traffic is reported at 32,900 VPD. The property is positioned directly across W. Lawrence Avenue from recently developed retail users including Portillo’s Hot Dogs, Raising Cane’s, and Art Van Furniture.
Zoned B-1: Neighborhood Shopping, the site supports a wide range of uses consistent with neighborhood commercial activity.
The site is located at a signalized, hard corner intersection of W. Lawrence Avenue and N. Octavia Avenue, with reported traffic of 17,800 VPD on W. Lawrence Avenue. It is also less than 1 mile from State Highway 43/Harlem Avenue, where traffic is reported at 32,900 VPD. The property is positioned directly across W. Lawrence Avenue from recently developed retail users including Portillo’s Hot Dogs, Raising Cane’s, and Art Van Furniture.
Zoned B-1: Neighborhood Shopping, the site supports a wide range of uses consistent with neighborhood commercial activity.
Key Highlights
- Fee simple (land and building) on a 0.52‑acre lot with an 8,500 SF vacant restaurant
- Zoned B‑1: Neighborhood Shopping with a wide range of uses
- Signalized hard‑corner location at W. Lawrence Ave (17,800 VPD) and N. Octavia Ave
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,084
Businesses Nearby
389k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Apparel 24%
Groceries 21%
Shops & Services 6%
Burlington
Apparel
64,031 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
53,622 visits/mo
0.1 miles
Portillo's
Dining
49,145 visits/mo
0.1 miles
Mariano's
Groceries
44,132 visits/mo
0.2 miles
McDonald's
Dining
35,329 visits/mo
0.4 miles
Demographics for 60706, IL
24,327
Population
9,720
Households
2.5
Avg Household Size
45
Median Age
30%
College-Educated
87%
High-School Grad
3.1 sq mi
ZIP Area
7,847
Density / Sq Mi
$85,000
Median Household Income
$48,602
Median Earnings
$1,242
Median Rent
$347,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Vacant 8,500 SF restaurant sits on a 0.52-acre lot zoned for neighborhood shopping at a signalized corner intersection.
Where is this conventional restaurant located?
The property is located at 7319 W Lawrence Avenue Harwood Heights, IL.
What are key features of this property?
This property features: Fee simple (land and building) on a 0.52‑acre lot with an 8,500 SF vacant restaurant; Zoned B‑1: Neighborhood Shopping with a wide range of uses; Signalized hard‑corner location at W. Lawrence Ave (17,800 VPD) and N. Octavia Ave
