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    5554 W Belmont Ave Chicago, IL 60641

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    For Lease
    $23 SF/Yr

    Storefront for lease, currently a hair salon, can convert to office.

    Property Features for 5554 W Belmont Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1928

    Source: 606 REALTY LLC Agent KAREL MACHALA

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

    Overview

    Neighborhood Storefront Available For Lease

    An established neighborhood storefront is available for lease. The property is currently configured as a hair salon. The space can be converted to an office.
    Location Intelligence

    Current Use by Public Records

    Betty's & Nick's Hairdresser

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Issalma, Isabela's Flowers & Gift, Jacqueline Flowers, Calla Lily's Flowers, Mimi's Flowers & Gift Shop

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7662091
    Latitude
    41.938849

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    FAQs

    What type of property is this?
    Storefront property - Storefront for lease, currently a hair salon, can convert to office.
    Where is this storefront property located?
    The property is located at 5554 W Belmont Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Storefront available for lease.; - Established neighborhood location.; - Currently configured as a hair salon.
    (773) 205-8300
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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
    5554 W Belmont Ave Chicago, IL 60641
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