Office Building with Development Potential

5850 W Belmont Avenue Chicago, IL 60634

Claim this Listing
For Sale
$3,200,000

Chicago office building on 1.3 acres with Belmont frontage and B3-1 zoning for renovation or redevelopment.

Type:Development Opportunity
Added:
Jun 24, 2026
Days on Market:
19
Last Refresh:
Jun 27 at 2:29 am

Property Features for 5850 W Belmont Avenue

General Information

Standard status
Active
Property subtype
Development Opportunity

Listing office Troy Companies

Listing date Jun 24, 2026

Source Troyrealtyltd

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 Troy Companies


Investment Insights

Based on property information with market context.

An existing office building totaling 13,330 square feet sits on a spacious 1.3-acre site, with a full lower level that is not included in the stated square footage. The property is offered as a value-add opportunity, with modernization and renovation possibilities depending on the intended end use. Ample on-site parking is available to support occupant and customer access, whether the building is used as-is, reconfigured for multiple users, or reworked for a new concept.

The building benefits from approximately 455 feet of frontage along Belmont Ave, with high traffic counts noted along the corridor. The property is zoned B3-1 for versatile use, and the seller also notes the site could be considered for multi-tenant, single-tenant, or new construction approaches. The remarks further discuss the site’s potential for three to four freestanding retail pad sites.

For buyers and investors, this asset can fit operators looking for an office conversion and repositioning project, particularly where frontage and zoning flexibility support a broader tenant mix. Alternatively, the combination of a sizeable parcel, substantial road frontage, and B3-1 zoning may appeal to developers evaluating redevelopment options that capitalize on corridor visibility. Inquiries are available for additional details on the building and site considerations.

Key Highlights

  • 13,330 SF office building on a 1.3‑acre site with Belmont Ave frontage
  • 455 ft of frontage along Belmont Ave with high traffic counts
  • Zoned B3‑1, offering versatile use for renovation, multi‑tenant, or redevelopment

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

U.S. Bank Branch Bank U.S. Bank ATM Atm

Suggested Use

Law Firm Garden Center Skin Care Clinic Tech Support Center Nursing Home Home Appliance Store Veterinary Clinic (Bike/Boat/Book/etc) Store Restaurant (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Office building - Chicago office building on 1.3 acres with Belmont frontage and B3-1 zoning for renovation or redevelopment.
Where is this office building located?
The property is located at 5850 W Belmont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 13,330 SF office building on a 1.3‑acre site with Belmont Ave frontage; 455 ft of frontage along Belmont Ave with high traffic counts; Zoned B3‑1, offering versatile use for renovation, multi‑tenant, or redevelopment
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