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3711 W Lawrence Ave

3,000 SF Office Building Chicago, IL 60625 £860,695 (£287/SF) 12.38% Net Initial Yield

Investment Highlights

  • HEAVY DAYTIME FOOT TRAFFIC
  • OPEN FLOOR PLAN WITH EXPOSED BRICK WALLS
  • PLENTY OF NATURAL LIGHT

Executive Summary

Prime location in Jefferson featuring a free-standing building on approximately 3,000 square feet. The building comes with over 20 parking spaces, situated on a lot sized 100x125, totaling approximately 12,500 square feet. Zoned B1-2, this meticulously maintained property opens up numerous possibilities for new development, including condos, commercial retail spaces, strip centers, banks, drive-thru restaurants, and more. This presents an excellent investment opportunity, with anticipated income growth at a rate equal to or potentially exceeding current levels. The property is conveniently located near national retailers, close to downtown, and easily accessible from the expressway.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1983
Price
£860,695
Price Per SF
£287
Net Initial Yield
12.38%
NOI
£106,570
Tenancy
Single
Number of Floors
1
Typical Floor Size
3,000 SF
Slab to Slab
12 ft
Building FAR
0.33
Lot Size
0.21 AC
Zoning
B1-2 - DAYCARE, DRIVE-THRU RESTAURANT, OFFICE, RETAILS, MEDICARE, AND MORE...
Parking
25 Spaces (8.33 Spaces per 1,000 SF Leased)

Amenities

  • Bio-Tech/ Lab Space
  • Accent Lighting
  • Air Conditioning
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-14-104-011-0000
  • 13-14-104-010-0000
  • 13-14-104-009-0000
 Improvements Assessment £29,080
Land Assessment £64,186 Total Assessment £93,266

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-14-104-011-0000
  • 13-14-104-010-0000
  • 13-14-104-009-0000
Land Assessment
£64,186
Improvements Assessment
£29,080
Total Assessment
£93,266
(773) 396-4833

Contact

  • Listing ID: 25972685

  • Date on Market: 20/06/2022

  • Last Updated:

  • Address: 3711 W Lawrence Ave, Chicago, IL 60625

The Office Property at 3711 W Lawrence Ave, Chicago, IL 60625 is currently available for sale. Contact Mega USA Properties, Inc. for more information.

Office PROPERTIES IN NEARBY NEIGHBOURHOODS

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3711 W Lawrence Ave
(773) 396-4833 x

3711 W Lawrence Ave

Adrianne Han

(773) 396-4833

(773) 396-4833

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