Corner Retail/Office Space
For Lease
$12 SF/Yr
2823 W Belmont Ave, Chicago, IL 60618
5,000 SF newly constructed space in Chicago's Avondale neighborhood.
Space Size5,000 SF
Property Size11,400 SF
Days on Market171
Property Features for 2823 W Belmont Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Lease Term
MG
Building Details
Building Size
11,400 SF
Year Built
1915
Spaces For Lease
at 2823 W Belmont Ave Contact us- Size
- 5,000 SF
- Term
- Negotiable
2823 Belmont $12/SF/Yr
Listing Agency:
ARC REO Inc ARC Realty Group
Listed By:
Andrew Olszowka · License #IL #475160900
(773) 447-4767
Source:
Troyrealtyltd
Added: Mar 26
Changed: Sep 10
Last Checked: Sep 10 at 8:16AM
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 ARC REO Inc ARC Realty Group
Investment Insights
Based on property information with market context.
Located at 2823 W Belmont Ave in Chicago's Avondale neighborhood, this commercial space offers approximately 5,000 SF for lease. Constructed in 2022, the property is situated at the intersection of Belmont, Elston, and California Avenues. The zoning is B3-1, making it suitable for a range of retail, office, or service-based businesses. The space is delivered in vanilla box condition, featuring commercial-grade floors, two finished restrooms compliant with ADA standards, and two HVAC systems. The corner location provides high visibility and access, with expansive storefront exposure for signage and natural light. A sprinkler system is installed. Utilities are separately metered. The location benefits from high foot and vehicle traffic on Belmont Ave, 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.
Key Highlights
- Prime corner location with high visibility and access.
- Brand new construction (2022) offering modern appeal.
- Vanilla box delivery with commercial‑grade floors, finished restrooms, and two HVAC systems - move‑in ready!
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,014
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Chicago, IL
$26.1 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
8,322 SF
Avg Space Size
This space is priced 54% below the average of $26.1 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail space - 5,000 SF newly constructed space in Chicago's 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 with high visibility and access.; Brand new construction (2022) offering modern appeal.; Vanilla box delivery with commercial‑grade floors, finished restrooms, and two HVAC systems - move‑in ready!
