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    906 W Belmont Ave Chicago, IL 60657

    For Lease
    $35 SF/Yr

    High-traffic retail space with excellent street exposure and flexible usage.

    Property Features for 906 W Belmont Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1980

    Source: DAVID L. GASSMAN Agent DAVID GASSMAN

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

    Overview

    Prime Retail Space on Belmont

    Located on highly trafficked Belmont Avenue, 906 W Belmont Ave is situated within a dense retail corridor among numerous restaurants and retail stores, including a newly developed Target Express, Starbucks, and Potbelly's. The space is located just west of Clark and one block east from the CTA train station, which saw 1.5 million riders in 2023. The building and space offer easy accessibility and prominent signage potential, lending itself to various retail or other uses, including medical or office conversions. This 2,000 sq.ft space on busy Belmont street is suitable for any new retail or commercial space. The space features 3 bathrooms, a kitchenette, and a partial basement, with 12 ft ceilings throughout. It offers great street exposure, large windows, and front and back access. Two to three parking spots are available in the rear. The property is zoned B3-3 and is available for immediate occupancy under an NNN lease type. The surrounding area has strong demographics, with 58,669 households within 1 mile and an average income of $137,678.
    Location Intelligence

    Current Use by Public Records

    Coldwell Banker Real Estate Agency PrecisionPaper Perfection Wallpaper Installer

    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
    -87.6518567
    Latitude
    41.9401224

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    FAQs

    What type of property is this?
    Retail space - High-traffic retail space with excellent street exposure and flexible usage.
    Where is this retail space located?
    The property is located at 906 W Belmont Ave 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 location on highly trafficked Belmont Avenue in a dense retail corridor.; - High visibility with prominent signage potential, large windows, and front/back access.; - Easily accessible, located near CTA train station (1.5M riders in 2023).
    (773) 665-0103
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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
    906 W Belmont Ave Chicago, IL 60657
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