Retail/Office Space with Large
For Sale
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1701 W Belmont Ave, Chicago, IL 60657
Retail and office spaces with large windows and five private offices on a signalized intersection.
Property Size1,800 SF
Price / SF$252.22
Days on Market88
Property Features for 1701 W Belmont Ave
General Information
Standard status
Active
Size
1,800 SF
Property subtype
RETAIL
Site & Location
Frontage
93 ft
Public Transit
Yes
Amenities
large window
five private offices
6-min walk to Brown Line L & 24HR Belmont Bus
Listing Agency:
Colliers | Chicago Downtown
(773) 220-4821
Listed By:
Hunter Cannon
(773) 220-4821
Source:
Moodyscre
Added: May 6
Changed: Jul 30
Last Checked: Jul 31 at 1:44PM
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 Colliers | Chicago Downtown
Investment Insights
Based on property information with market context.
This retail/office space features large windows and includes five private offices. The property size is 1,800 square feet, offering flexible interior space for retail-facing uses and back-office needs within the same footprint.
The property is located at a signalized intersection with frontage on Belmont Avenue (93' at 1701 W Belmont Ave) and N Paulina Street (33' at 3152 N. Paulina). Transit access is a key convenience factor, with a reported 6-minute walk to the Brown Line L and the 24HR Belmont Bus.
The combination of storefront visibility from large windows and dedicated office space is well-suited for user types that want customer-facing presence with private work areas.
The property is located at a signalized intersection with frontage on Belmont Avenue (93' at 1701 W Belmont Ave) and N Paulina Street (33' at 3152 N. Paulina). Transit access is a key convenience factor, with a reported 6-minute walk to the Brown Line L and the 24HR Belmont Bus.
The combination of storefront visibility from large windows and dedicated office space is well-suited for user types that want customer-facing presence with private work areas.
Key Highlights
- 1,800 square feet retail/office space with large windows
- Signalized intersection frontage at 1701 W Belmont Ave (93')
- Additional frontage at 3152 N. Paulina (33')
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 | $69.1k | $38.40 |
| − Vacancy | −$17.6k | −$9.79 |
| EGI | $51.5k | $28.61 |
| − OpEx | −$12.9k | −$7.15 |
| NOI | $38.6k | $21.46 |
1,800 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$551.7K
$482.8K – $643.7K
NOI $38,621 @ 7.0% cap · market cap 8.51%
Second Best
Retail
$355.8K
$311.3K – $415.1K
NOI $24,903 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$848.7K
$742.6K – $990.2K
NOI $59,409 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail and office spaces with large windows and five private offices on a signalized intersection.
Where is this retail space located?
The property is located at 1701 W Belmont Ave Chicago, IL.
What is the asking price?
The asking price for this property is $454,000.
What are key features of this property?
This property features: 1,800 square feet retail/office space with large windows; Signalized intersection frontage at 1701 W Belmont Ave (93'); Additional frontage at 3152 N. Paulina (33')
