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    2920 W Belmont Ave Chicago, IL 60618

    For Lease
    $25 SF/Yr

    1,000 SF retail/office space in desirable Avondale neighborhood.

    Property Features for 2920 W Belmont Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1968

    Source: MILLENNIUM PROPERTIES RE, INC. Agent SUSAN SILVER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Office Space in Avondale

    This 1,000 square foot retail/office storefront is available for lease in Chicago, IL. The space is suitable for a spa, cafe, office, or medical use. It is part of a newly constructed five-unit apartment building. The property benefits from easy access to two CTA Blue Line stops, several CTA bus routes, and the Kennedy Expressway. The location is in Avondale, a desirable neighborhood in Chicago, with numerous restaurants, grocery stores, shops, bars, and entertainment venues. The area has a high volume of pedestrian traffic due to its proximity to single-family homes, condos, and apartments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -87.7011669
    Latitude
    41.9396445

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    FAQs

    What type of property is this?
    Retail space - 1,000 SF retail/office space in desirable Avondale neighborhood.
    Where is this retail space located?
    The property is located at 2920 W Belmont Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the highly desirable Avondale neighborhood of Chicago.; - High foot traffic area, surrounded by single-family homes, condos, and apartments.; - **Versatile 1,000 SF space suitable for retail, office, spa, cafe, or medical use.**
    (312) 338-3000
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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
    2920 W Belmont Ave Chicago, IL 60618
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