1964 W Lawrence Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60640- Ravenswood
$899,000 USD
773-802-2543
1964 W Lawrence Ave, Chicago, IL for Sale
$899,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | 7.41% Cap Rate

1964 W Lawrence Ave
Chicago, IL 60640
Ravenswood


HIGHLIGHTS

  • Surrounded by new development including Devry's new $20M campus and tons of new, luxury residential units within blocks
  • Brand New, fully built out Bakery, located on Lawrence, just east of Damen
  • Recently Renovated Second level contains large 3BD/1BA apartment with rear outdoor patio

OVERVIEW

Surrounded by new development including Devry's new $20M campus and tons of new, luxury residential units within blocks. Located on Lawrence, just east of Damen. Fully leased Commercial space (3200 sf). Existing kitchen has black iron, 16 ft. hood, two walk in coolers and three compartment sink. Lots of space for storage and entire back room can be turned into a cooler for wholesale work or large prep. Large Front windows plus dining area includes two ADA bathrooms with double stalls. Recently Renovated Second level contains large 3BD/1BA apartment with long term tenants and rear outdoor patio. Building runs lot line to lot line. 0.2 Miles to the Damen Brown Line CTA Station, 0.2 Miles to the Ravenswood Metra Station, multiple bus stops and Divvy stations plus close access to Lake Shore Drive. Area tenants include: Goundswell Coffee Roasters, CVS, Wendy’s, Rock N Roll Vintage Chicago Guitar Shop, Chase Bank, Mariano’s, Sears Auto Center and much more.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased Lincoln Square Building FOR SALE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Food Processing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

B2-1, Chicago

APN/PARCEL ID

10-22-312-024-0000,10-22-312-050-0000,14-07-419-025-0000

ASK ABOUT THIS PROPERTY

Ian Feinerman@properties CommercialMore Info
773-802-2543

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Ian Feinerman@properties CommercialMore Info
773-802-2543

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.