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    1138 W Belmont Ave, Unit 1 Chicago, IL 60657

    For Lease
    $35 SF/Yr

    Retail space in new mixed-use building, Lakeview neighborhood.

    Property Features for 1138 W Belmont Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2024

    Source: MILLER CHICAGO LLC Agent ANDREA MILLER

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

    Overview

    Lakeview Retail Space For Lease

    A retail space of approximately 1,033 square feet is available for lease in a new mixed-use building located in the Lakeview neighborhood, at the corner of West Belmont and North Clifton. The new five-story building includes 33 residential units, with approximately 3,100 square feet dedicated to commercial purposes. It is possible to combine two or more spaces into a larger area. The location offers 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 located nearby, with the CTA #77 Belmont Avenue bus route 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.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -87.6581033
    Latitude
    41.9400938

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    FAQs

    What type of property is this?
    Retail space - Retail space in new mixed-use building, Lakeview neighborhood.
    Where is this retail space located?
    The property is located at 1138 W Belmont Ave, Unit 1 Chicago, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location in Lakeview with **17,700 vehicles per day** traffic count.; - Located in a new mixed-use building (built in 2024) with 33 residential units providing a built-in customer base.; - Prime Lakeview location surrounded by established businesses, restaurants, and theaters.
    Request Owner's contact information
    1138 W Belmont Ave, Unit 1 Chicago, IL 60657
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    Chicago, IL 60657
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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
    1138 W Belmont Ave, Unit 1 Chicago, IL 60657
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