The retail property located at 2729 West Lawrence Avenue in Chicago was sold for $1,400,000. The asset spans 12,500 square feet and is situated on a 0.29-acre lot. The property is zoned B1-2, which provides the capability for development of up to 12 units, or potentially up to 31 units with an up-zone. Additionally, the property has reduced taxes locked in for a period of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,400,000
• Address: 2729 West Lawrence Avenue
• Market: Chicago
• Square Feet: 12,500
• Price Per Square Foot: $112
• Acres: 0.29
• Buyer's Representative: Leonor Diaz - Re/Max Premier
• Seller's Representatives: Matt Scales & Nicole Hurt - Christie's International Real Estate

Leonor Diaz represented the buyer in this transaction, while the seller was represented by Matt Scales and Nicole Hurt from Christie's International Real Estate. This deal highlights the collaborative efforts of experienced professionals in the real estate market.