1114 West Belmont Avenue, Chicago, IL 60657
100% leased mixed-use property featuring ground-floor retail, apartments, and garage parking on a high-activity corridor.
- Added:
- May 28, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 6 at 4:14 am
Property Features for 1114 West Belmont Avenue
General Information
- Standard status
- Active
- Size
- 13,520 SF
- Lot size
- 0.02 Acres
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1918
Listing agent Brewster Hague License #IL 475.165689
Listing office Greenstone Partners
Listing date May 28, 2026
Source Crexi
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 Greenstone Partners
HighLights
- 13,520 SF, two‑story mixed‑use building on 7,740 SF of land with ~62 ft frontage on W Belmont Ave
- 100% leased structure with 1 retail space and 7 apartment units plus 4 garage parking spaces
- Ground‑floor retail is leased to Bittersweet Pastry Shop & Cafe, operating since 1992 and serving as its flagship location and central production facility
- Near CTA Belmont ‘L’ Station—served by Red, Brown, and Purple lines; station recorded 2,463,000 boardings in 2025
- Immediate access to CTA bus routes #8, #22, and #77 for connectivity throughout Chicago
- Approximately 0.5 miles south of Wrigley Field; Whole Foods Market nearby with 1.3M+ annual visitors
Overview
The ground-floor retail space is leased to Bittersweet Pastry Shop & Cafe, a neighborhood bakery operating since 1992. The remarks indicate this location serves as Bittersweet’s flagship shop and central production facility for baked goods distributed to its other Chicago locations. The property is positioned along the active Belmont Avenue corridor in Chicago’s Lakeview neighborhood, approximately three blocks from the CTA Belmont ‘L’ Station, which serves the Red, Brown, and Purple lines. The Belmont Station recorded 2,463,000 boardings in 2025, and the location also provides immediate access to CTA bus routes #8, #22, and #77.
For tenants and owners, the combination of street-level retail and residential units creates a balanced mixed-use configuration on Belmont Avenue. Surrounding retail includes a mix of national and neighborhood tenants listed in the offering, and the area’s day-to-day demand is supported by nearby DePaul University and the professional population in Lakeview, as described in the remarks.
Local Financial Insights For Specialty 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 | $356.9k | $26.40 |
| − Vacancy | −$21.4k | −$1.58 |
| EGI | $335.5k | $24.82 |
| − OpEx | −$83.9k | −$6.20 |
| NOI | $251.6k | $18.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6573002
- Latitude
- 41.9401343
