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    FOR SALE
    Retail space

    5924 W Lawrence Ave, Chicago, IL 60630

    2,000 SF 0.1 ac lot Built 1958
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US28-1453034
    Property summary
    AI-generated overview

    This 2,000-square-foot vacant commercial building at 5924 W Lawrence Avenue in Chicago, IL, presents a compelling investment opportunity. Built in 1958, this single-story structure boasts a classic façade and high visibility, situated near the corner of Lawrence and Austin Avenues, adjacent to the Lawrence Plaza Retail Strip Center. The property features 12-foot ceilings, a 200-amp electrical system, bright windows, and modern lighting. Currently configured as two retail spaces, this versatile building offers significant potential for a variety of uses, including retail, professional offices, medical practices, or educational facilities. The property includes six parking spaces in a rear lot. The building sits on a 4,488-square-foot lot with an estimated 10,800 vehicles passing daily, ensuring high traffic and excellent exposure. The permitted zoning is Retail, making it ideal for an owner-user seeking a prime location in a thriving commercial area. Nearby businesses include Printers Row Brewing, Sandy's Bakery & Deli, and several other popular establishments. This property offers a rare blend of character, functionality, and location, making it an exceptional investment prospect.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1958
    Total area 2,000 SF
    Lot 0.1 ac (4,488 SF)
    APN 13-08-430-078
    UPID US28-1453034
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Art of Hair Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    DIMITRIOS LOUKAS
    DIMITRIOS LOUKAS
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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