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2401 West Belmont Ave Chicago, IL 60618

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For Sale
$5,450,000

48,520 SF site near Belmont and Western Avenue.

Property size:
48,520 SF

Property Features for 2401 West Belmont Ave

General Information

Standard status
Active
Size
48,520 SF

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Listing Contact
Tom Svoboda
Source: Cbre

Listing Agent: Tom Svoboda

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

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Overview

Prime Chicago Development Opportunity

This 48,520 square foot site, currently zoned M1-2 (Limited Manufacturing/Business Park District) by the City of Chicago, presents a development opportunity. The city is expected to change the zoning to B2-3 in March 2026, potentially allowing for up to 159 dwelling units. The property benefits from high exposure along Belmont and Western Avenue, with over 55,000 vehicles passing daily, and is a 5-minute drive from I-90, which sees 217,300 vehicles per day. Situated at a lighted, three-way intersection of Belmont Avenue, Western Avenue, and Clybourn Avenue, the location provides convenient access throughout the Chicagoland area. The site is located just off the North Branch of the Chicago River and a 20-minute drive to The Loop, which contains over 64 million square feet of office space, via I-90. It is located just south of Lane Tech and DePaul College Prep, with a combined student population of over 5,000. The property is positioned between neighborhoods such as Roscoe Village, Logan Square, Avondale, and Bricktown/Lincoln Park, benefiting from an affluent demographic base with an average household income of $194,385 within a 1-mile radius.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6882879
Latitude
41.9391631

FAQs

What type of property is this?
Commercial land - 48,520 SF site near Belmont and Western Avenue.
Where is this commercial land located?
The property is located at 2401 West Belmont Ave Chicago, IL.
What is the asking price?
The asking price for this property is $5,450,000.
What are key features of this property?
This property features: - High exposure location at the intersection of Belmont and Western Avenue with over 55,000 vehicles per day.; - Potential for up to 159 dwelling units with expected zoning change to B2-3 in March 2026.; - M1-2 zoning (Limited Manufacturing/Business Park District) currently in place.
More about this property
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