3719 W Lawrence Avenue
Flex industrial building in Albany Park with direct street and alley loading.
Marketing description
Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee simple interest in 3719 W Lawrence Avenue (the “Property”), an urban infill industrial/ flex prominently located in Chicago’s booming Albany Park neighborhood.
The ±12,500 square foot, single-story property is situated upon ±12,500 square feet of land with 100 feet of frontage along Lawrence Avenue. The Property consists of two structures, ±6,250 square feet each, connected on the inside. The west building has bow truss ceilings and both buildings have ±14-16’ ceilings. The building consists of office, warehouse, open production area and has a drive-in door on Lawrence Ave and four on the alley side.
Co-tenancies on the corridor include Walgreens, McDonalds, Dunkin in addition to a number of local neighborhood restaurants, bars and shops.
Within 1 mile, demographics include average household income of $64,338 + and a total household of 19,480 and total population of 61,055
Investment highlights
GREAT LOCATION 3715-19 W Lawrence is prominently situated in the heart of Lawrence Avenue retail corridor.
The area is walkable, vibrant and connected. The property is walk distance to the Kimball CTA station east and the
Pulaski retail corridor west. Further, the property is just 1.3 miles from the 90/94 ramps accessible via Pulaski south
or Lawrence west.
OPPORTUNITY FOR A VERITY OF USES The existing building’s size, open layout and ceiling height makes it suitable
for a verity of uses including light industrial, flex, warehouse or retail uses including shops and restaurants. Other
permitted uses include artist live/work, day care, animal services (except for boarding or shelter), small event venue
(up to 149 occupancy), special event venue with incidental liquor sales, medical services, and personal services
(except for massage establishments).
REDEVELOPMENT OPPORTUNITY Given its size, frontage, and proximity to public transit and grocery stores, the
property has a great as-of-right redevelopment potential. The underlying zoning (B1-2) has a 2.2 floor area ratio
(FAR) and permits a 27,500 square-feet mixed-use building with ground floor retail and up to 14 dwelling units on
upper floors with a maximum building height of 50 feet.
GREAT DEMOGRAPHICS The area has a strong employment base. Further, within 1 mile, the average household
income is $65,000+ and estimated to continue rising over the coming 5 years. A total population of 61,055 live within
1 mile.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
