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3200 Lawrence Ave Chicago, IL 60625-5209

OFF-MARKET Retail residential properties Google Maps
9,300 SF 0.29 ac lot Built 1921
Entity Owned 16-yr Hold ~ Est. High Equity
Estimated value (blended)
$385k
Range $347k – $424k (±10%)
Property ID US28-5255965

Property summary

AI-generated overview

This exceptional 2,000-square-foot retail or restaurant space in Chicago's vibrant Lawrence Avenue corridor presents a unique investment opportunity. Located at 3200 W Lawrence Ave, this single-tenant property boasts a highly visible location at a four-way stoplight intersection, offering excellent frontage along both Lawrence and Kedzie Avenues. Benefit from the substantial pedestrian and vehicular traffic, with a daily count exceeding 28,000 vehicles. The property's strategic placement offers easy access to public transportation, situated a mere three-minute walk from the Kedzie Brown Line L-stop, ensuring convenient access for customers and employees. The space itself is well-appointed, featuring an impressive 11-foot ceiling height and a 17-foot hood, ideal for restaurant operations. A full basement provides ample storage, while a single parking space and a convenient loading area are located at the rear of the three-story building. The property is zoned B1-2 and offers 200 amps of single-phase power and 100 amps of three-phase power. This Cook County property (zip code 60625) is ready for immediate occupancy. Don't miss this chance to secure a prime location in a bustling Chicago neighborhood.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1921
Total area 9,300 SF
Lot 0.29 ac (12,520 SF)
APN 13-11-431-023
UPID US28-5255965

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
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.42M
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2009
5 recorded transactions
2017
Price N/A
2009
Price N/A
2008
$3.4M
1969
Price N/A
1969
Price N/A

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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