Prime Chicago Development
For Sale
$4,950,000
2401 West Belmont Avenue, Chicago, IL 60618
48,520 SF site near Belmont and Western Avenue.
Property Size48,520 SF
Lot Size1.11 Acres
Price / SF$102.02
Days on Market151
Property Features for 2401 West Belmont Avenue
General Information
Standard status
Active
Size
48,520 SF
Lot size
1.11 Acres
Property subtype
Land
Listing Agency:
CBRE | Chicago
(312) 935-1481
Listed By:
Tom Svoboda
(312) 935-1481
Source:
Cbre
Added: Mar 25
Changed: Aug 19
Last Checked: Aug 21 at 9:53AM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
This 48,520 square foot site, currently zoned M1-2 (Limited Manufacturing/Business Park District) by the City of Chicago, presents a development opportunity. The city is expected to change the zoning to B2-3 in March 2026, potentially allowing for up to 159 dwelling units. The property benefits from high exposure along Belmont and Western Avenue, with over 55,000 vehicles passing daily, and is a 5-minute drive from I-90, which sees 217,300 vehicles per day. Situated at a lighted, three-way intersection of Belmont Avenue, Western Avenue, and Clybourn Avenue, the location provides convenient access throughout the Chicagoland area. The site is located just off the North Branch of the Chicago River and a 20-minute drive to The Loop, which contains over 64 million square feet of office space, via I-90. It is located just south of Lane Tech and DePaul College Prep, with a combined student population of over 5,000. The property is positioned between neighborhoods such as Roscoe Village, Logan Square, Avondale, and Bricktown/Lincoln Park, benefiting from an affluent demographic base with an average household income of $194,385 within a 1-mile radius.
Key Highlights
- High exposure location at the intersection of Belmont and Western Avenue with over 55,000 vehicles per day.
- Potential for up to 159 dwelling units with expected zoning change to B2‑3 in March 2026.
- M1‑2 zoning (Limited Manufacturing/Business Park District) currently in place.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,359
Businesses Nearby
Explore this area
Business Placement
Demographics for 60618, IL
90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 48,520 SF site near Belmont and Western Avenue.
Where is this commercial land located?
The property is located at 2401 West Belmont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: High exposure location at the intersection of Belmont and Western Avenue with over 55,000 vehicles per day.; Potential for up to 159 dwelling units with expected zoning change to B2‑3 in March 2026.; M1‑2 zoning (Limited Manufacturing/Business Park District) currently in place.
