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    Lakeview Retail Space For Lease Title is generated by Realmo AI

    1415-1425 W Belmont Ave, Chicago, IL

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    900 SF retail space in Chicago's Lakeview neighborhood.

    Type:RETAIL
    Property size:
    900 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $276/SF
    Added:
    Nov 24, 2025
    Days on Market:
    202
    Last Refresh:
    May 20 at 8:00 pm

    Property Features for 1415-1425 W Belmont Ave

    General Information

    Standard status
    Active
    Size
    900 SF
    Lot size
    0.36 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 1415-1425 W Belmont Ave Contact us

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    Listing Contact
    Andrea Miller
    Andrea Miller

    Listing agent Andrea Miller License #471016960

    Listing office Miller Chicago

    Listing date Nov 24, 2025

    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 Miller Chicago

    HighLights

    • High‑visibility location on Belmont Avenue with a Walk Score of 97 and heavy traffic.
    • Fully built‑out 900 SF commercial condominium with high‑end finishes.
    • Includes a dedicated garage parking spot.
    • Functional layout featuring a glass conference room, large office, open work area, kitchenette, ADA bathroom, and storage.
    • Prime location between the Southport Corridor and the Lincoln/Belmont/Ashland intersection in Lakeview.
    • Conveniently located near Whole Foods and numerous restaurants.

    Overview

    This 900-square-foot commercial condominium is available for lease. The space features a high-end buildout and includes one glass conference room, one large office, an open work area, a kitchenette, one ADA bathroom, and storage. One garage parking spot is included. The building is situated on Belmont Avenue, a high-visibility location between the Southport Corridor and the six-way intersection of Lincoln/Belmont/Ashland in Chicago’s Lakeview neighborhood. The location benefits from a Walk Score of 97 and a traffic count of 17,700 vehicles per day on Belmont Avenue. It is conveniently located one block east of Whole Foods and numerous restaurant options.

    Local Financial Insights For Retail

    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 $19.4k $21.60
    − Vacancy −$1.7k −$1.84
    EGI $17.8k $19.76
    − OpEx −$5.3k −$5.93
    NOI $12.5k $13.83
    900 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $177.9K
    $155.6K – $207.5K (±1% cap)
    NOI $12,451 @ 7.0% cap · market cap 5.00%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $424.3K
    $371.3K – $495.1K (±1% cap)
    NOI $29,704 @ 7.0% cap · market cap 11.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6645
    Latitude
    41.9395

    FAQs

    What type of property is this?
    Retail space - 900 SF retail space in Chicago's Lakeview neighborhood.
    Where is this retail space located?
    The property is located at 1415-1425 W Belmont Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: High‑visibility location on Belmont Avenue with a Walk Score of 97 and heavy traffic.; Fully built‑out 900 SF commercial condominium with high‑end finishes.; Includes a dedicated garage parking spot.
    (312) 988-0669 Call to check price and availability
    More about this property
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