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INVESTMENT HIGHLIGHTS
- hard corner
- SSA #79
- ideal redevelopment opportunity
EXECUTIVE SUMMARY
4125-4129 W Lawrence Avenue is a restaurant building (or land development) available for sale in the Albany Park community of Chicago. The property is at the hard corner of Lawrence and Kedvale Avenue. The property is 1 mile west of the CTA Brown Line train yard at Lawrence Avenue & Kimball Avenue. Bus routes #81 with service from Lake Shore Drive, Wilson Red/Purple line, Ravenswood Metra, Kimball Brown line and Jefferson Park Blue line and Metra station serves the property.
Population in the 2-mile radius is 159,022 and swells to 1,066,285 in the 5-mile radius with average household income of $103,174 and $105,128 respectively with median age of 38.7 and 37.6 respectively. Nearly 48,000 employees have daytime employment in the 2-mile radius serving over 6,600 businesses. Traffic along Lawrence Avenue averages nearly 20,000 vehicles per day driving past the property.
The property is 0.8 miles east of I-94 (Edens expressway); 1.3 miles southwest of Northeastern Illinois University's campus; 0.6 miles southeast of John M. Palmer Elementary; 0.6 miles west of North River Elementary and 4.3 miles west of Lake Shore Drive. Numerous businesses and retailers operate on the business corridor of Lawrence Avenue including Albany Bank & Trust, Walgreens, Fifth Third Bank, Ace Hardware, Dunkin, Active Electric Supply, La Michoacana, Citibank, Starbucks, Chase Bank, McDonald's and many more.
Population in the 2-mile radius is 159,022 and swells to 1,066,285 in the 5-mile radius with average household income of $103,174 and $105,128 respectively with median age of 38.7 and 37.6 respectively. Nearly 48,000 employees have daytime employment in the 2-mile radius serving over 6,600 businesses. Traffic along Lawrence Avenue averages nearly 20,000 vehicles per day driving past the property.
The property is 0.8 miles east of I-94 (Edens expressway); 1.3 miles southwest of Northeastern Illinois University's campus; 0.6 miles southeast of John M. Palmer Elementary; 0.6 miles west of North River Elementary and 4.3 miles west of Lake Shore Drive. Numerous businesses and retailers operate on the business corridor of Lawrence Avenue including Albany Bank & Trust, Walgreens, Fifth Third Bank, Ace Hardware, Dunkin, Active Electric Supply, La Michoacana, Citibank, Starbucks, Chase Bank, McDonald's and many more.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,700 SF
Building Class
C
Year Built
1927
Price
$1,700,000
Price Per SF
$195.40
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.25 AC
Zoning
B1-1 - Business
Retail & Restaurant Space
Ideal redevelopment site
Parking
8 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
89’ on West Lawrence Avenue
AMENITIES
- Corner Lot
- Mezzanine
- Restaurant
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 13-15-205-001-0000 | Improvements Assessment | $569 |
| Land Assessment | $95,708 | Total Assessment | $96,277 |
PROPERTY TAXES
Parcel Number
13-15-205-001-0000
Land Assessment
$95,708
Improvements Assessment
$569
Total Assessment
$96,277
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4125-4129 W Lawrence Ave
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