Former Medical Office
2220 W Belmont Chicago, IL 60618
New
For Sale
$525,000
Former ankle and foot medical office condo with street visibility and signage along Belmont Avenue.
Property Size1,410 SF
Price / SF$372.34
Days on Market2
Property Features for 2220 W Belmont
General Information
- Standard status
- Active
- Size
- 1,410 SF
- Property subtype
- Office
Listing Agency:
Joseph Rossi & Associates, Inc (JRA) - Corporate
(312) 523-3176
Listed By:
Scott Fitzgerald
(312) 523-3176
Source:
Jrossiandassociates
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 4:24AM
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 Joseph Rossi & Associates, Inc (JRA) - Corporate
Investment Insights
Based on property information with market context.
This former ankle and foot medical office condominium is available for sale and totals approximately 1,410 square feet. The space is suited for medical, dental, wellness, or professional office use and includes street-facing visibility with signage along Belmont Avenue.
Located in Chicago’s Roscoe Village neighborhood, the property is surrounded by a mix of retail, restaurants, and dense residential areas, supporting a walk-in and neighborhood-serving profile.
As a condominium office unit, the layout is intended for clinical or professional workflows, making it a straightforward option for an owner-operator looking for a prominent street presence in an established commercial corridor.
Located in Chicago’s Roscoe Village neighborhood, the property is surrounded by a mix of retail, restaurants, and dense residential areas, supporting a walk-in and neighborhood-serving profile.
As a condominium office unit, the layout is intended for clinical or professional workflows, making it a straightforward option for an owner-operator looking for a prominent street presence in an established commercial corridor.
Key Highlights
- Former ankle and foot medical office condominium in Chicago’s Roscoe Village
- ±1,410 SF space suited for medical, dental, wellness, or professional office use
- Street visibility and signage along Belmont Avenue
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 | $54.3k | $38.52 |
| − Vacancy | −$12.7k | −$8.98 |
| EGI | $41.7k | $29.54 |
| − OpEx | −$10.4k | −$7.39 |
| NOI | $31.2k | $22.16 |
1,410 SF · lease $38.52/SF/yr · vacancy 23.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$446.3K
$390.6K – $520.7K
NOI $31,244 @ 7.0% cap · market cap 5.95%
Second Best
Healthcare Medical
$266.9K
$233.5K – $311.3K
NOI $18,680 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$616.1K
$539.1K – $718.7K
NOI $43,124 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ankle N Foot ...
Physician
Christina G Sarantopoulos
Physician
Ankle N Foot ...
Physician
George Tsatsos DPM
Physician
Rachel Shara Zorger, ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Former ankle and foot medical office condo with street visibility and signage along Belmont Avenue.
Where is this medical office space located?
The property is located at 2220 W Belmont Chicago, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Former ankle and foot medical office condominium in Chicago’s Roscoe Village; ±1,410 SF space suited for medical, dental, wellness, or professional office use; Street visibility and signage along Belmont Avenue
