5834 W Belmont Ave, Chicago, IL
13,330 sq ft office building on 1.3-acre site.
- Added:
- May 6, 2024
- Days on Market:
- 783
- Last Refresh:
- May 20 at 8:32 pm
Property Features for 5834 W Belmont Ave
General Information
- Standard status
- Active
- Size
- 13,330 SF
- Lot size
- 1.46 Acres
- Property subtype
- OFFICE
Properties For Sale
at 5834 W Belmont Ave Contact us
Listing office Troy Companies (847) 612-8716
Listing date May 6, 2024
Source Moodyscre
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 Troy Companies
HighLights
- Prime development site suitable for renovation or new construction.
- Spacious 1.3‑acre site offers ample space.
- Potential for three to four freestanding retail pad sites.
- 13,330 sq. ft. office building ripe for transformation.
- Full lower level (not included in SF) provides additional space.
- Located in a sought‑after, thriving community.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $511.9k | $38.40 |
| − Vacancy | −$130.5k | −$9.79 |
| EGI | $381.3k | $28.61 |
| − OpEx | −$95.3k | −$7.15 |
| NOI | $286.0k | $21.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7729
- Latitude
- 41.9388
