3000-3002 Lawrence Ave Chicago, IL 60625
This exceptional retail property, located at 3000-3002 W Lawrence Avenue in Chicago's vibrant Albany Park neighborhood, presents a compelling investment opportunity. The property encompasses a 15,525 square foot lot and includes approximately 1,450 square feet of street-level retail space, currently vacant and in move-in ready condition. Situated at a heavily trafficked intersection with excellent pedestrian access, this location benefits from its proximity to Lawrence Pointe Tower and a bustling business district. The property's central location offers easy access to downtown Chicago, I-90, I-94, Lake Shore Drive, and O'Hare Airport. The annual property assessment is approximately $1,000, while the 2022 real estate taxes totaled $8,588. This combined retail space is part of a mixed-use building in a densely populated area with a high concentration of businesses, shops, and residential units. Convenient access to public transportation, retail amenities, and entertainment options further enhances its appeal. Interior access requires pre-approval from a financial institution demonstrating the buyer's capacity to purchase. This is a gross lease property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.