1620 Lawrence Ave Chicago, IL 60640-3409
- Retail space
- 600 SF
- 0.16 lot acres
Dec 15, 2022
Current Use by Public Records
- MoneyGram / Bank / Credit Union
- Lawrence-Ashland Currency Exchange, Inc. / Currency Exchange Service / Check Cashing Service
Property Details for 1620 Lawrence Ave
- Year built
- 1987
- Lot size
- 0.16 lot acres
- Property size
- 600 SF
- Property type
- Retail space
- APN
- 14-07-423-026
- APU
- 1407423026
Description
This exceptional 600 sq ft freestanding retail building presents a fantastic leasing opportunity in Chicago's vibrant Ravenswood neighborhood. Situated on a 7,140 sq ft lot, the property boasts a convenient drive-up window and 11 on-site parking spaces, ensuring ease of access for customers and employees. Previously a currency exchange, the layout includes a front customer service area with counter, a rear office space, and a single bathroom. The building, constructed in 1987, is a single-story structure. Benefit from the high vehicular traffic and strong demographics; over 71,000 people reside within a one-mile radius, boasting an average household income of $88,773. The B3-1.5 zoning allows for diverse uses, including restaurants, retail establishments, and offices, providing flexibility for potential tenants. Its prime location, just two blocks from the Metra Lawrence station, offers excellent public transportation access and proximity to the shops and restaurants of Lincoln Square. Annual property taxes are $26.75 per square foot. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Chicago neighborhood.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $875,000
- ML approach
- $855,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6704
- Latitude
- 41.9692
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
