2401 West Belmont Avenue Chicago, IL 60618

Listing office CBRE | Chicago t***@cbre.com Show Phone

Listing date Mar 25, 2026

Source Cbre

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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

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FAQs

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.