Lakeview Retail Space For
1001 W Belmont Ave Chicago, IL
For Sale
Contact for pricing
Retail space in landmark building near Wrigley Field and public transit.
Property Size7,749 SF
Lot Size0.29 Acres
Price / SF$402.63
Days on Market241
Property Features for 1001 W Belmont Ave
General Information
- Standard status
- Active
- Size
- 7,749 SF
- Lot size
- 0.29 Acres
- Property subtype
- RETAIL
Listing Agency:
JLL - Corporate
(312) 228-2926
Listed By:
Peter Caruso · License #475144084
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Corporate
Investment Insights
Based on property information with market context.
Retail space is available for rent in the former Belmont Sheffield Trust and Savings Bank building, a designated Chicago Landmark. The property is located at the corner of Belmont and Sheffield Avenue, situated at the base of the Vic Lofts and four blocks from Wrigley Field. The surrounding Lakeview neighborhood has over 100,000 residents within a one-mile radius. The location is across from the Vic Theatre, which has a seating capacity of 1,400, and the Belmont 'L' Stop, which sees 3.745 million riders annually. The property has a size of 7,749 square feet and features convenient parking.
Key Highlights
- Prime corner location at Belmont and Sheffield in Chicago's Lakeview neighborhood.
- High foot traffic location across from the Vic Theatre and Belmont 'L' Stop (3.745 MM Riders Annually).
- Located at the base of the Vic Lofts and near Wrigley Field.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $167.4k | $21.60 |
| − Vacancy | −$14.2k | −$1.84 |
| EGI | $153.2k | $19.76 |
| − OpEx | −$45.9k | −$5.93 |
| NOI | $107.2k | $13.83 |
7,749 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.79M
NOI $107,206 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.65M
$3.20M – $4.26M
NOI $255,754 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Geetika Raheja
Pharmacy
Laura Freeman, PharmD
Pharmacy
FAQs
What type of property is this?
Retail space - Retail space in landmark building near Wrigley Field and public transit.
Where is this retail space located?
The property is located at 1001 W Belmont Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,120,000.
What are key features of this property?
This property features: Prime corner location at Belmont and Sheffield in Chicago's Lakeview neighborhood.; High foot traffic location across from the Vic Theatre and Belmont 'L' Stop (3.745 MM Riders Annually).; Located at the base of the Vic Lofts and near Wrigley Field.
