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    1216 W Belmont Ave Chicago, IL 60657

    Picture of Retail space at W Belmont Ave 1216, Chicago, IL
    For Sale
    $475,000

    Condominium - Chicago, IL

    Type:Condominium
    Property size:
    22,000 SF
    Days on Market:
    221
    Last Refresh:
    Dec 11 at 2:06 am

    Property Features for 1216 W Belmont Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Condominium
    Standard status
    Active
    Zoning
    MULTI
    APN
    14203310310000
    Size
    22,000 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Number of units
    7
    Architectural style
    Other

    Compass Real Estate

    Listing agent Timothy Sheahan (312) 733-7201 License #475145058

    Listing date May 5, 2025

    MLS# 12292626 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Condo on Belmont Avenue

    This is a brand new construction commercial condominium. The space is a 1742 square foot vanilla box, which includes a mechanical closet and a half bath. The property features 44 feet of frontage on Belmont Avenue, a busy street. The property is not part of an HOA, resulting in minimal common fees. There is an option to purchase one garage parking space. The location is close to Wrigleyville, the Southport Corridor, and both Red Line and Brown Line stations in Chicago, Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.659688
    Latitude
    41.940085

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    FAQs

    What type of property is this?
    Retail space - New construction retail condo with frontage on Belmont Avenue.
    Where is this retail space located?
    The property is located at 1216 W Belmont Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - High-visibility location: 44 feet of frontage on busy Belmont Ave.; - Brand new construction: Vanilla box condition, ready for customization.; - Low fees: Not part of an HOA, resulting in minimal common fees.
    (312) 733-7201
    Request Owner's contact information
    1216 W Belmont Ave Chicago, IL 60657
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    Chicago, IL 60657
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1216 W Belmont Ave Chicago, IL 60657
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