3200 Lawrence AveChicago, IL 60625

Property Details for 3200 Lawrence Ave

Year built

1921

Lot size

0.29 AC

Property size (Sq ft)

9,300 SF

Property type

Mixed-use properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,471,322

  6.5%

  $3,204,298

  7%

  $2,975,419

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,877,554

  Geo Method

  $1,877,554

• Alternative Use

  Use

  Valuation

  Residential

  $3,204,298

  Hospitality

  $2,935,120

  Educational

  $2,441,985

  Medical

  $2,525,968

  Retail

  $3,798,643

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9687

Longitude

-87.7088

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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