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Lakeview Retail Space For Lease
For Lease
$35 SF/Yr

1138 W Belmont Avenue #2, Chicago, IL 60657

995 Sq Ft retail space in new mixed-use building.

Space SizeContact for details
Days on Market637

Property Features for 1138 W Belmont Avenue #2

General Information

Standard status Active

Building Details

Year Built 2024
Listing Agency: MILLER CHICAGO LLC
Listed By: ANDREA MILLER · License #471016960
Source: Corcoran
Added: Nov 12, 2024 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 MILLER CHICAGO LLC

Investment Insights

Based on property information with market context.

A retail space of approximately 995 square feet is available for lease within a new mixed-use building. Located in the Lakeview neighborhood at the corner of West Belmont and North Clifton, the five-story building includes 33 residential units. The property offers approximately 3,100 square feet dedicated to commercial purposes, with the potential to combine two or more spaces into a larger area. The location benefits from high visibility, with traffic counts reaching 17,700 vehicles per day. Lakeview features a variety of establishments, including theaters, restaurants, and retail businesses such as Bittersweet Pastry, Dark Matter Coffee, Jin Asian Cafe, Ukai Sushi, Giordano's, 7-Eleven, Vic Theater, Stage 773, and Chicago Theater Works. Transportation options are conveniently accessible, with the CTA #77 Belmont Avenue bus route located 0.1 miles away, the #22 Clark Street bus routes 0.3 miles away, and the Blue, Brown, and Purple rail lines 0.2 miles away. The projected availability date is December 1, 2024, and leasing is currently underway.

Key Highlights

  • Prime Lakeview location in a new mixed‑use building at the corner of West Belmont and North Clifton.
  • High‑visibility location with significant traffic (17,700 vehicles per day).
  • Located in a vibrant area with numerous theaters, restaurants, and retail businesses.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Food Market Auto Parts Store (Bike/Boat/Book/etc) Store Law Firm Grocery & Convenience Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,001
Businesses Nearby
254k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 36% Groceries 25% Shops & Services 17% Apparel 12%
Whole Foods Market Groceries
64,387 visits/mo 0.5 miles
Chick-fil-A Dining
19,353 visits/mo 0.4 miles
Fifth Third Bank & ATM Shops & Services
17,071 visits/mo 0.5 miles
Anthropologie Apparel
14,685 visits/mo 0.5 miles
Starbucks Dining
12,251 visits/mo 0.3 miles

Demographics for 60657, IL

72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.68 /SF/Yr
Avg Asking Price
$8–$80 /SF/Yr
Price Range
8,912 SF
Avg Space Size

This space is priced 36% above the average of $25.68 /SF/Yr.

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - 995 Sq Ft retail space in new mixed-use building.
Where is this retail space located?
The property is located at 1138 W Belmont Avenue #2 Chicago, IL.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Prime Lakeview location in a new mixed‑use building at the corner of West Belmont and North Clifton.; High‑visibility location with significant traffic (17,700 vehicles per day).; Located in a vibrant area with numerous theaters, restaurants, and retail businesses.
More about this property
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