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Belmont Avenue Commercial Lot

5500-14 W BELMONT Avenue, Chicago, IL 60641

For Sale
$1,299,000

21875 SF lot with potential for 7000 SF building.

Property Size7,000 SF
Lot Size0.50 Acres
Price / SF$185.57
Days on Market1345

Property Features for 5500-14 W BELMONT Avenue

General Information

Standard status Active
Size 7,000 SF
Lot size 0.50 Acres
Property subtype Commercial

Site & Location

Neighborhood Cragin

Taxes and HOA fees

Annual Taxes $32,000

Amenities

Central air
Central Individual Cooling

Building Details

Year Built 1950
Listing Agency: AVONDALE REALTY LLC
Listed By: LESZEK GADEK · License #475154135
Source: Corcoran
Added: Mar 6, 2023 Changed: Aug 8 Last Checked: Aug 25 at 7:45AM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The property is a 21875 square foot lot located on Belmont Avenue and Central Avenue. There is potential for constructing a building of approximately 7000 square feet on the lot.

Key Highlights

  • Large 21875 SF lot size.
  • Substantial 7000 SF building.
  • Located on Belmont and Central.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Law Firm Skin Care Clinic Garden Center Nursing Home Catering Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,975
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Commercial land in Chicago

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Commercial land - 21875 SF lot with potential for 7000 SF building.
Where is this commercial land located?
The property is located at 5500-14 W BELMONT Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Large 21875 SF lot size.; Substantial 7000 SF building.; Located on Belmont and Central.
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Includes: Price & PSF · Cap rate · Location · Zoning

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