Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2823 W Belmont Ave Chicago, IL 60618

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr

    5,000 SF newly constructed space in Avondale neighborhood.

    Property Features for 2823 W Belmont Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2021

    Source: ARC RED INC ARC REALTY GROUP Agent ANDRZEJ OLSZOWKA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Retail/Office Space Available

    Located at 2823 W Belmont Ave in Chicago's Avondale neighborhood, this newly constructed commercial space offers approximately 5,000 SF for lease. The property, built in 2022, is zoned B3-1, making it suitable for a wide range of retail, office, or service-based businesses. The space is delivered in vanilla box condition, featuring commercial-grade floors, two finished ADA-compliant restrooms, and two HVAC systems. It also includes a sprinkler system. The corner location provides exceptional visibility and access at the intersection of Belmont, Elston, and California Avenues, with maximum storefront exposure due to expansive glass frontage. The interior offers build-out flexibility for retail, professional office, medical, or specialty service users. The property benefits from high foot and vehicle traffic on Belmont Ave, and is well-positioned in a densely populated, growing area surrounded by established retailers, restaurants, and new residential developments. It also offers easy access to I-90/94, CTA buses, and the Belmont Blue Line Station. The utilities and HVAC are separately metered.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6988127
    Latitude
    41.9391469

    Nearby Similar for Lease

    • $24 SF/Yr
      6,970 SF

      Distinctive South Loop Office Space

      Versatile commercial space in Chicago's South Loop.
      819 S Wabash Ave, Chicago, IL 60605
      View Details
    • $35 SF/Yr

      Modern Office Building with Rooftop

      Newly constructed office building with a full-floor rooftop retreat.
      1290 N Clybourn Ave, Chicago, IL 60610
      View Details
    • $25 SF/Yr

      Prime Retail Space on North Avenue

      Adaptable retail space in a vibrant Chicago mixed-use district.
      1720 W North Ave, Chicago, IL 60622
      View Details
    • $40 SF/Yr

      Condominium in Chicago, IL

      Condominium for rent in Chicago, Illinois.
      816 W Cullerton St, Chicago, IL 60608
      View Details
    • $20 SF/Yr

      Remodeled Office Space in Chicago

      Remodeled office space for rent in Chicago's Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $15 SF/Yr

      Pulaski Road Storefront Opportunity

      Double storefront on Pulaski Rd with high traffic count.
      8337 S Pulaski Rd, Chicago, IL 60652
      View Details

    FAQs

    What type of property is this?
    Retail space - 5,000 SF newly constructed space in Avondale neighborhood.
    Where is this retail space located?
    The property is located at 2823 W Belmont Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Prime corner location at the intersection of Belmont, Elston, and California Avenues, offering exceptional visibility and access.; - 5,000 SF of brand new (2022) commercial space suitable for retail, office, or service-based businesses (B3-1 zoning).; - Vanilla box delivery with commercial-grade floors, finished ADA-compliant restrooms, and two HVAC systems, ready for tenant build-out.
    Request Owner's contact information
    2823 W Belmont Ave Chicago, IL 60618
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2823 W Belmont Ave
    Chicago, IL 60618
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2823 W Belmont Ave Chicago, IL 60618
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.