1620 Lawrence Ave Chicago, IL 60640-3409
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Credit Union
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Currency Exchange Service Check Cashing Service
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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