4203 Lawrence Ave - Sports and Entertainment FOR SALE


Chicago, IL 60630- Mayfair-Chicago
$675,000 USD
773-344-0738
4203 Lawrence Ave, Chicago, IL for Sale
$675,000 USD
Sports and Entertainment - FOR SALE
1/14
null | Request Cap Rate

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4203 Lawrence Ave
Chicago, IL 60630
Mayfair-Chicago


OVERVIEW

Rare opportunity to acquire a fully operational restaurant with prime Chicago real estate at 4203 W Lawrence. This 2,700 SF building sits on a 5,670 SF lot with approximately 13 parking spaces and is zoned B3-1, allowing commercial use on the first floor and the potential to add residential units above for rental income or future resale. The restaurant comfortably seats 80 guests across a main and smaller dining area and comes turnkey with all essential kitchen equipment and fixtures. Well-maintained updates include a modern interior remodel, new HVAC system, recently replaced boiler, and tuckpointing completed twice in the last decade. This property offers a unique combination of established business, flexible commercial space, and long-term mixed-use development potential, making it ideal for investors, restaurateurs, or entrepreneurial buyers seeking a turnkey operation in a prime Chicago location. Investment highlights Turnkey Operation: Fully operational restaurant with all equipment and fixtures included, ready for immediate business. Prime Location: Situated on a 5,670 SF lot in Chicago with 13 parking spaces, attracting strong customer traffic. B3-1 Zoning: Commercial use on the first floor with potential to add residential units above, creating additional rental income or resale opportunities. Versatile Space: First-floor layout suitable for restaurant, retail, or office use, offering flexibility for various business models. Well-Maintained: Recent updates include a modern interior remodel, fully repaired roof, new HVAC system, replaced boiler, and tuckpointing completed twice in the last 10 years. Development Upside: Mixed-use potential allows investors to maximize long-term value through residential expansion.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1873

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,624 SF

ZONING

Residential

APN/PARCEL ID

13-15-203-021-0000

ASK ABOUT THIS PROPERTY

Michael KangColdwell Banker RealtyMore Info
773-344-0738

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Michael KangColdwell Banker RealtyMore Info
773-344-0738

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