Two-Story Flex and Warehouse
For Sale
Contact for pricing
3737 W Belmont Ave, Chicago, IL 60618
Heavy timber two-story building offers 12-foot clear ceiling height, wet sprinklers, and dedicated outdoor space with parking.
Property Size12,000 SF
Price / SF$85.42
Days on Market607
Property Features for 3737 W Belmont Ave
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
5
Property subtype
INDUSTRIAL
Lease Type
Gross
Site & Location
Neighborhood
Avondale
Road Access
Yes
Warehouse & Industrial
Clear Height
12 ft
Sprinkler System
Yes
Amenities
natural light
outdoor space
Building Details
Stories
2
Construction
heavy timber
Listing Agency:
Strauss Realty, Ltd.
(773) 736-3600
Listed By:
Adam Schneiderman · License #475149601
(847) 826-4467
Source:
Moodyscre
Added: Mar 4, 2025
Changed: Oct 25
Last Checked: Oct 30 at 5:00PM
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 Strauss Realty, Ltd.
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Investment Insights
Based on property information with market context.
This heavy timber two-story building is available for sale or lease and totals 12,000 square feet, with 6,000 square feet per floor. The space is suited for warehouse, office, flex, or creative use, with substantial natural light throughout and 12-foot clear ceiling height. Wet sprinkler protection is in place.
The property includes approximately 1,400 square feet of outdoor space and parking for 4 to 5 cars. It is located on busy Belmont Avenue in Avondale, providing straightforward access for on-site operations.
If you are looking for a flexible, light-filled, multi-level space with an outdoor area and compact parking, this building’s configuration supports a range of mixed-use setups within the structure and adjoining outdoor footprint.
The property includes approximately 1,400 square feet of outdoor space and parking for 4 to 5 cars. It is located on busy Belmont Avenue in Avondale, providing straightforward access for on-site operations.
If you are looking for a flexible, light-filled, multi-level space with an outdoor area and compact parking, this building’s configuration supports a range of mixed-use setups within the structure and adjoining outdoor footprint.
Key Highlights
- Heavy timber 2‑story building on busy Belmont Avenue in Avondale with 12,000 SF total (6,000 SF per floor)
- 12' clear ceiling height with lots of natural light
- Wet sprinklers in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,064
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,280
$1.2M
Cap Rate 7%
$886,629
$886.6K
Cap Rate 9%
$689,600
$689.6K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$77.8K $6.48/SF
− Vacancy
−$4.7K −$0.40/SF
EGI
$73.0K $6.08/SF
− OpEx
−$11.0K −$0.91/SF
NOI
$62.1K $5.17/SF
Area
ZIP 60618
Vacancy
6.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,241,280
Cap Rate 7%
$886,629
Cap Rate 9%
$689,600
Alternative Uses
Best Use
Flex RnD
$1.81M
$1.58M – $2.11M
NOI $126,360 @ 7.0% cap · market cap 12.33%
Second Best
Warehouse
$886.6K
$775.8K – $1.03M
NOI $62,064 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$5.24M
$4.59M – $6.12M
NOI $367,013 @ 7.0% cap · market cap 35.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
12 ft
Clear height
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,138
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Industrial in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Flex space - Heavy timber two-story building offers 12-foot clear ceiling height, wet sprinklers, and dedicated outdoor space with parking.
Where is this flex space located?
The property is located at 3737 W Belmont Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Heavy timber 2‑story building on busy Belmont Avenue in Avondale with 12,000 SF total (6,000 SF per floor); 12' clear ceiling height with lots of natural light; Wet sprinklers in place
