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    Move-in Ready Flex Building

    4128 W Belmont Avenue Chicago, IL 60641

    Claim this Listing
    For Sale
    $1,499,000

    8200 SF flex building with office and garage space.

    Type:Commercial
    Property size:
    8,200 SF
    Price / SF:
    $182/SF
    Added:
    Mar 26, 2026
    Days on Market:
    109
    Last Refresh:
    Jul 4 at 10:06 am

    Property Features for 4128 W Belmont Avenue

    General Information

    Standard status
    Active
    Size
    8,200 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1924

    Listing office AVONDALE REALTY LLC

    Listing date Mar 26, 2026

    Source Corcoran

    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 AVONDALE REALTY LLC

    Investment Insights

    Based on property information with market context.

    This 8200 square foot building is in move-in ready condition. It features 2,000 square feet of first-floor office space and 4,000 square feet of clean garage space with a 16-foot clearance. Additionally, there is a 2,000 square foot office/apartment on the second floor. The property includes two 15-foot drive-in doors off the alley. Marble and hardwood floors are present throughout the building. Newer windows have been installed, and the roof is rubber. This flex building is suitable for a contractor, small warehouse, or small business.

    Key Highlights

    • 8,200 sq ft move‑in ready building
    • 4,000 sq ft clean garage space with 16' clearance
    • 2,000 sq ft first‑floor office

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $157.4k $19.20
    − Vacancy −$11.8k −$1.44
    EGI $145.6k $17.76
    − OpEx −$51.0k −$6.22
    NOI $94.7k $11.54
    8,200 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 35.00%

    Alternative Uses

    Best Use
    Office B
    $2.51M
    $2.20M – $2.93M (±1% cap)
    NOI $175,939 @ 7.0% cap · market cap 11.74%
    Second Best
    Flex RnD
    $1.35M
    $1.18M – $1.58M (±1% cap)
    NOI $94,661 @ 7.0% cap · market cap 6.31%
    Theoretical Best
    Office A
    $3.87M
    $3.38M – $4.51M (±1% cap)
    NOI $270,639 @ 7.0% cap · market cap 18.05%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Nursing Home (Bike/Boat/Book/etc) Store Nursing Home Catering Service Skin Care Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Fish Market (Bike/Boat/Book/etc) Store

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

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    FAQs

    What type of property is this?
    Flex space - 8200 SF flex building with office and garage space.
    Where is this flex space located?
    The property is located at 4128 W Belmont Avenue Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: 8,200 sq ft move‑in ready building; 4,000 sq ft clean garage space with **16' clearance**; 2,000 sq ft first‑floor office
    Contact an agent
    (773) 727-7934
    We can help!
    Contact an agent
    MAREK PREDKI
    Real Estate License ID: 471008616
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