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7757 Lawrence Ave Norridge, IL 60706

OFF-MARKET Retail properties & Spaces Google Maps
21,000 SF 1.1 ac lot Built 1960
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 21,000-square-foot retail building in Norridge, Illinois, presents a unique opportunity. Located on 1.1 acres in a mixed-use corridor along Lawrence Avenue, this single-tenant property offers high visibility and convenient access for customers. Built in 1960, the building features a main floor of approximately 15,009 square feet and a lower level with 6,000 square feet of high-ceiling space, ideal for various retail uses. The layout includes a front sales area with a service counter, offices, and a spacious warehouse for inventory storage. The property boasts 68 parking spaces, ensuring ample customer parking. Zoned B-2, this location is perfect for a department store or other retail ventures. Its well-maintained condition and convenient location within a thriving community make this a highly desirable retail space. The property is situated near residential developments, providing a built-in customer base and proximity to other commercial centers and amenities. This is an excellent opportunity to establish a successful retail operation in a prime Norridge location. The building is currently vacant. Cook County taxes are $0 per square foot.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1960
Total area 21,000 SF
Lot 1.1 ac (47,916 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
  • Big Box & Wholesale Store Electronics & Wireless Store

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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