3200 Lawrence Ave Chicago, IL 60625-5209
- Retail residential properties
- 9,300 SF
- 0.29 lot acres
Current Use by Public Records
- Brazilian Bowl / Restaurant
Property Details for 3200 Lawrence Ave
- Year built
- 1921
- Lot size
- 0.29 lot acres
- Property size
- 9,300 SF
- Property type
- Retail residential properties
- APN
- 13-11-431-023
- APU
- 1311431023
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,615,000
- 6.5%
- $2,415,000
- 7%
- $2,240,000
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7088
- Latitude
- 41.9687
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA