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Lakeview Retail Space Investment Opportunity

1342 W Belmont Avenue #1, Chicago, IL 60657

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For Sale

$810,000

Turnkey retail space with long-term tenant in prime location.

Type:Commercial

Listing Contact

CHIH-HAO YANG

Real Estate License ID: 475182287

HighLights

Turnkey investment opportunity with a stable, long‑term tenant (luxury nail salon) already in place.
Prime location in affluent Lakeview at the high‑traffic intersection of W Belmont Ave and N Southport Ave.
Immediate rental income of $6,000/month.
Newer construction (2017) with high‑end modern finishes and newer mechanical systems.
Nine expansive floor‑to‑ceiling storefront windows (over 30 feet of sidewalk storefront).
Includes one outdoor parking space.

For Sale

$810,000

Turnkey retail space with long-term tenant in prime location.

Type:Commercial

Added:: Jun 17, 2025
Days on Market:: 360
Last Refresh:: May 11 at 12:27 am

Property Features for 1342 W Belmont Avenue #1

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 2017

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Listing Contact

CHIH-HAO YANG

Listing agent CHIH-HAO YANG License #475182287

Listing office FULTON GRACE REALTY

Listing date Jun 17, 2025

Source Corcoran

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All listing content including descriptions, pricing, images are the copyrighted material of FULTON GRACE REALTY

HighLights

Turnkey investment opportunity with a stable, long‑term tenant (luxury nail salon) already in place.
Prime location in affluent Lakeview at the high‑traffic intersection of W Belmont Ave and N Southport Ave.
Immediate rental income of $6,000/month.
Newer construction (2017) with high‑end modern finishes and newer mechanical systems.
Nine expansive floor‑to‑ceiling storefront windows (over 30 feet of sidewalk storefront).
Includes one outdoor parking space.

Overview

This 2,400 square foot newer-construction retail space is located in the Lakeview neighborhood. The property is situated at the intersection of W Belmont Ave and N Southport Ave, near the Southport Corridor and within walking distance of the Red, Purple, and Brown Lines. The ground-floor commercial condo is located beneath six residential units. The space includes nine floor-to-ceiling storefront windows, totaling over 30 feet of sidewalk storefront. Interior features include white tile flooring, modern finishes, and newer mechanical systems. The layout includes two half bathrooms and three built-out office rooms, as well as an onsite washer and dryer. One outdoor parking space is included. The property benefits from foot traffic and high visibility due to its location surrounded by residential developments, restaurants, and retailers. The existing tenant operates a luxury nail salon and plans to remain, paying $6,000 per month in rent.

Property Profile Location Intelligence

Current Use by Public Records

Hirsh Bradley MD Physician vip nail spa Hair Salon

Suggested Use

Location Insight

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Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.663
Latitude: 41.94

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For sale
Retail space
IL
Chicago
60657
1342 W Belmont Avenue #1

What type of property is this?

Retail space - Turnkey retail space with long-term tenant in prime location.

Where is this retail space located?

The property is located at 1342 W Belmont Avenue #1 Chicago, IL.

What is the asking price?

The asking price for this property is $810,000.

What are key features of this property?

This property features: Turnkey investment opportunity with a stable, long‑term tenant (luxury nail salon) already in place.; Prime location in affluent Lakeview at the high‑traffic intersection of W Belmont Ave and N Southport Ave.; Immediate rental income of $6,000/month.