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2200 West Lawrence Avenue

Greenstone Partners Facilitates $3.6M Mixed-Use Sale In Chicago's Lincoln Square
SOLDMixed-use

Greenstone Partners Facilitates $3.6M Mixed-Use Sale In Chicago's Lincoln Square

2200 West Lawrence Avenue

$3,600,000

$313/SF

Building Size

11,500 SF

Asset Type

Mixed-use

Closing

Aug 18, 2023

AI

The mixed-use building located at 2200 West Lawrence Avenue in Chicago's Lincoln Square neighborhood has been sold for $3.6 million. The property encompasses a total area of 11,500 square feet, resulting in a price per square foot of $313. The retail space includes popular tenants Roots Pizza and The Sixth, in addition to six apartment units.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,600,000
  • Address: 2200 West Lawrence Avenue
  • Market: Chicago

The sale of this mixed-use property was facilitated by Greenstone Partners, with brokers Danny Spitz, Jordan Multack, and Tom Galvin representing the deal. Their expertise and efforts led to the successful transaction.

Players

Danny Spitz

Greenstone Partners

Broker

$215M

vol

24 deals

Broker

Avenue Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93