Ground-Floor Retail Storefront
For Sale
$300,000
1832 W Belmont Avenue, Chicago, IL 60657
Ground-floor storefront retail condo on Belmont Avenue, suited for street-level retail users.
Property Size1,100 SF
Price / SF$272.73
Days on Market11
Property Features for 1832 W Belmont Avenue
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Additional Details
Traffic Count
14,000 vehicles/day
Amenities
Central air
Central Air Cooling
Building Details
Year Built
2002
Stories
4
Listing Agency:
REAL REALTY INC
(773) 869-0500
Listed By:
ALEN REDZIC
Source:
Corcoran
Added: Jul 22
Changed: Jul 25
Last Checked: Aug 1 at 6:25AM
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 REAL REALTY INC
Investment Insights
Based on property information with market context.
The property is a ground-floor storefront condominium with three condominiums above. The retail space is approximately 1,100 square feet and is currently being used as a hair salon, offering a ready street-level layout for retail-oriented concepts.
Located on the north side of Belmont Avenue between Damen Avenue and Ravenswood Avenue, the storefront benefits from approximately 14,000 cars per day.
The configuration supports a primary street-facing retail use within a mixed vertical condo structure, with the commercial unit occupying the ground level and residential units above.
Located on the north side of Belmont Avenue between Damen Avenue and Ravenswood Avenue, the storefront benefits from approximately 14,000 cars per day.
The configuration supports a primary street-facing retail use within a mixed vertical condo structure, with the commercial unit occupying the ground level and residential units above.
Key Highlights
- Ground‑floor storefront retail condo on Belmont Avenue with street‑level access
- Approximately 1,100 SF space currently used as a hair salon
- Building includes 3 condominiums above the ground‑floor storefront
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 | $23.8k | $21.60 |
| − Vacancy | −$2.0k | −$1.84 |
| EGI | $21.7k | $19.76 |
| − OpEx | −$6.5k | −$5.93 |
| NOI | $15.2k | $13.83 |
1,100 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$217.4K
$190.2K – $253.6K
NOI $15,218 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.6K
$453.8K – $605.1K
NOI $36,305 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
3,546
Businesses Nearby
260k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Dining 19%
Shops & Services 19%
Superstores 13%
Whole Foods Market
Groceries
64,387 visits/mo
0.4 miles
Jewel-Osco
Groceries
55,541 visits/mo
0.4 miles
McDonald's
Dining
36,369 visits/mo
0.5 miles
Target
Superstores
32,877 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
15,951 visits/mo
0.5 miles
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 Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Angels Cheeks Chicago Flower Shop — 1831 W Belmont Ave suite 1B, Chicago, IL 60657
- FloraShip — 1652 w roscoe st, chicago, il 60657
- Magic Flowers Chicago — 1627 W Belmont Ave, Chicago, IL 60657
- Flower of the Dragon Productions — 2936 N Southport Ave, Chicago, IL 60657
Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor storefront retail condo on Belmont Avenue, suited for street-level retail users.
Where is this storefront property located?
The property is located at 1832 W Belmont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Ground‑floor storefront retail condo on Belmont Avenue with street‑level access; Approximately 1,100 SF space currently used as a hair salon; Building includes 3 condominiums above the ground‑floor storefront
