Property profile

1973 Lawrence Ave Chicago, IL 60640

OFF-MARKET
Retail properties & Spaces
5,140 SF
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Property summary

AI-generated overview

This exceptional 1,550-square-foot retail space is ideally situated at the highly visible corner of Lawrence and Damen Avenues in Chicago's vibrant Ravenswood neighborhood, bordering Lincoln Square. Boasting a prime location with over 27,000 vehicles passing daily, this single-tenant property offers excellent street frontage on both Lawrence and Damen. The building itself comprises 5,140 square feet across two stories, with the retail space occupying the ground floor. Its B1-2 zoning allows for a variety of uses, making it suitable for a coffee shop, cafe, small restaurant, medical or dental office, or other retail businesses. The property benefits from its proximity to public transportation, including the Damen Brown Line CTA station and the Ravenswood Metra station, both within a two-block radius, providing easy access to downtown Chicago. Nearby amenities include Winnemac Park and established businesses such as CVS, Bank of America, and Mariano's. The space is immediately available. This location is perfect for businesses seeking high visibility and convenient access to a thriving, densely populated area known for its young families and professionals. The address is 1973 W Lawrence Ave, Chicago, IL 60640.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,140 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Mobile Phone Store Electronics & Wireless Store
  • Mobile Phone Store Electronics & Wireless Store

Location

1973 Lawrence Ave Chicago, IL 60640
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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